Lebanon’s banks stuck in reverse: jobs go, lending dives
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.
Category: News
Sergio Ramos to leave Real Madrid after 16 trophy-laden years
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
Bale the provider at the beating heart of a Welsh dragon
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
Dynamic Italy blazing a trail from ashes of World Cup failure
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
Far apart at first summit, Biden and Putin agree to steps on cybersecurity, arms control
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 registers 115 coronavirus cases, 4 deaths in last 24 hours
Lebanon registered 115 COVID-19 cases and four deaths in the last 24 hours, the Health Ministry reported Wednesday.
Gulf states: Nuclear talks should address Iran missile program
Gulf Arab states said on Wednesday it would be dangerous to separate global powers’ nuclear deal with Iran from Tehran’s missile programme and “destabilising” behaviour, and reiterated a call that … Read More
Russia back on track in Euros after 1-0 win over Finland
A goal in first-half stoppage time by Aleksei Miranchuk got Russia’s Euro 2020 campaign back on track as they beat Finland 1-0 in Group B Wednesday.
Libya’s Benghazi hosts rare ‘week of culture’
Libya’s eastern city of Benghazi is hosting a rare “week of culture” featuring art, music and theater, as the country attempts to turn the page on a decade of violence.
Lebanon sinks into deeper political, economic turmoil
Lebanon appears to be sliding into deeper political and economic turmoil with all the dire consequences this entails for a country facing total economic collapse.