English

Today News

16

G20 ministers call for greater dialogue on trade tensions: draft

Finance ministers and central bankers from the world's largest economies meeting in Argentina said heightened trade and geopolitical tensions pose an increased risk to global growth and have called for greater dialogue, according to a…

13

Bou Assi calls for probe into alleged housing loan mismanagement

Lebanon's caretaker social affairs minister has called for a transparent investigation into allegations that subsidized housing loans for limited-income individuals were being granted to unqualified people or invested in other sectors, the…

12

Jeep exec takes over Fiat, marking end of Marchionne era

Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobiles after longtime leader Sergio Marchionne's health suddenly deteriorated following surgery.

10

Magnitude 5.9 quake injures nearly 130 in western Iran

A magnitude 5.9 earthquake hit western Iran on Sunday, injuring at least 128 people, hours after two quakes struck Hormozgan province in the south, state television reported.

Israel evacuates 800 White Helmets to Jordan in face of Syria advance

Israel has evacuated 800 White Helmets rescuers and their family members threatened by advancing Syrian regime forces to Jordan for resettlement in Britain, Canada and Germany, the kingdom said Sunday.

Saturday, Jul 21

19

Fiat Chrysler picks Jeep boss as CEO as Marchionne's health worsens

The health of Sergio Marchionne, long-time boss of carmaker Fiat Chrysler (FCA) , worsened on Saturday and he has been replaced as chief executive by Mike Manley, the head of the firm's Jeep division, FCA said in a statement.

18

IMF warns G20 that tariffs hurting economy as Trump threatens more

he International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened a major escalation in a dispute…

17

Trump not trying to intervene in currency markets -Mnuchin

U.S. President Donald Trump is not trying to influence currency markets, Treasury Secretary Steven Mnuchin said on Saturday, reiterating that a strong U.S. dollar reflects a strong U.S. economy and is in the United States' long-term…

15

Liberia's biggest palm oil project quits eco-certification scheme

Liberia's largest palm oil company, Golden Veroleum, has quit a global eco-certification scheme in response to accusations from a global watchdog that it failed to get consent from communities before expanding onto their lands, the firm…

11

Syrian army pushes into Qunaitra province - state tv, rebels

The Syrian army and its allies made advances in the southwest that bring it closer to the Israeli-occupied Golan Heights border, state television and rebels said.

Friday, Jul 20

00

Despite Trump, business as usual for spy agencies

www.dailystar.com.lb

The American intelligence community has never faced a problem quite like President Donald Trump – a commander in chief who is suspected by a growing number of Republicans and Democrats of deferring to Russia’s views over the…

Trump slams Fed, threatens full China tariffs

U.S. President Donald Trump lashed out at China and the European Union for their weak currencies and said a stronger dollar and rising interest rates are undermining America’s competitive edge, taking a fresh jab at the Federal Reserve.…

Microsoft shares at all-time high after bumper results

Microsoft Corp. shares rose about 5 percent to an all-time high Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. Shares of one of the…

Boeing wins at air show as Airbus gets AirAsia boost

Boeing claimed victory after outselling rival Airbus at this week’s Farnborough Airshow, where the world’s largest plane-makers repeated last year’s comparable haul of around 900 orders with the help of leasing industry demand. The world’s…

20

Israeli soldier killed on the border with Gaza: Al-Arabiya

Israeli soldier killed on the border with Gaza: Al-Arabiya

15

Dollar down on fresh Trump trade threats

The dollar dropped against the euro as comments by U.S. President Donald Trump risked ratcheting up trade war tensions, while stocks diverged.

12

6 Hezbollah fighters return to Lebanon after leaving besieged Syrian town

Hezbollah Secretary-General Sayyed Hasan Nasrallah phoned six Hezbollah fighters as they returned to their homes in Lebanon Friday from the long-besieged Syrian towns of Al-Foua and Kefraya, local media reported.

11

Hermes bags strong sales growth in Q2

French luxury goods giant Hermes on Friday posted strong sales growth in the three months to June, driven by "positive momentum" in Asia.

09

U.S. auto tariffs would cut 6 bln euros from German GDP, DIHK says

Dailystar.com.lb

United States tariffs on imported cars would slash around $6.99 billion off German economic output, the president of Germany's DIHK Chambers of Commerce told German television on Friday.

08

China's stock, yuan rebound drives Asian markets higher

Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China's stocks recovered sharply and the yuan bounced from a one-year low with market participants suspecting state support for the currency.

Thursday, Jul 19

00

Switzerland seeks to regain cryptocurrency crown

www.dailystar.com.lb

Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.

U.K. shops pay penalty for World Cup fever

www.dailystar.com.lb

British retail sales surprisingly fell in June as World Cup fever fuelled by England’s strong start in Russia kept fans away from stores, official data showed Thursday.

Bankers allay concerns on pound devaluation

Rumors surrounding the eventual devaluation of the Lebanese pound has kept growing in the past few weeks, despite the repeated assurances by Central Bank governor Riad Salameh that the national currency is stable, and will remain stable.

21

High-altitude balloons to deliver internet access in Kenya

A Google-affiliated company has chosen Kenya as the home of its first announced commercial deal for delivering internet access to hard-to-reach areas using high-altitude balloons.

20

Burberry burns millions in unsold products to protect brand

Luxury British fashion house Burberry destroyed tens of millions of dollars worth of its fashion and cosmetic products over the past year to protect its brand.

19

Huawei "shortcomings" expose new security risks in UK telecom networks - govt report

Problems with products made by China's Huawei Technologies have exposed new security risks in Britain's telecommunications network, a UK government report said on Thursday.

13

More Syrian refugees to leave Lebanon within days

Two more groups of Syrian refugees will return to their homeland from Lebanon in the next few days, General Security chief Abbas Ibrahim said Thursday.

Salameh: Monetary conditions stable

Central Bank Governor Riad Salameh said Thursday that monetary conditions in Lebanon were stable and that the country could expect two percent growth this year.

10

Syria's Assad set to recover Golan frontier as surrender deal agreed: sources

President Bashar Assad is set to recover control of the Syrian frontier with the Israeli-occupied Golan Heights in a major victory over rebels who have agreed to surrender terms, sources on both sides said Thursday.

Google to appeal $5 billion EU antitrust fine

EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine Wednesday for using its Android mobile operating system to squeeze out rivals, and Google said it would appeal.