Category: News

Faced with the choice of leaving their savings stuck in the bank or investing them at a huge loss, some Lebanese people are opting to take a punt.

Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge.

The Lebanese pound resumed its downward trajectory Thursday, trading at LL15,200 against the dollar on the black market.

Banks, government offices and many businesses observed a general strike Thursday called for by Lebanon’s main labor union body to protest the collapsing economy and standard of living.

Lebanon’s banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff, watching loan books shrink and chasing liquidity to stay afloat.

After 671 appearances, 101 goals, 22 trophies and 26 red cards, Sergio Ramos is leaving Real Madrid after 16 years of service in which he captained the club in one … Read More

Gareth Bale skied a penalty over the bar, and extended his international goal drought to 13 games, but in every other respect his contribution to Wales’ 2-0 Group A defeat … Read More

Roberto Mancini has said it took “the end of the world” for him to become Italy coach but his side now appear to be in a brave new world following … Read More

U.S. President Joe Biden and Russian President Vladimir Putin agreed on Wednesday to begin cybersecurity and arms control talks at a summit that laid bare their deep discord on those … Read More

Lebanon registered 115 COVID-19 cases and four deaths in the last 24 hours, the Health Ministry reported Wednesday.