Today News


European equities extend gains as trade war fears ease


European stocks rose Tuesday, with London hitting a record peak on upbeat global sentiment and easing Italian political worries, dealers said.


Sony buys most of EMI Music, to spend $9B on image sensors

Electronics and entertainment company Sony Corp. said Tuesday it plans to spend $2.3 billion acquiring an additional 60 percent stake in EMI Music Publishing, home to the Motown catalog and contemporary artists like Kanye West, Alicia Keys…

EU says no clarity on US tariffs ahead of deadline

European Union Trade Commissioner Cecilia Malmstrom said Tuesday that the EU still has no idea whether U.S. President Donald Trump will slap tariffs on the bloc's steel and aluminum exports next week.


Autos, banks fuel European shares as Italy recovers

European shares touched their highest level since the start of February on Tuesday as autos and bank stocks climbed, and Italian shares recovered from Monday's dip on investors' worries over a new government's spending plans.

German firms can't be totally shielded from US Iran move: minister

Germany's government will help German firms with business in Iran where it can, but cannot entirely shield them from the U.S. decision to quit the Iran nuclear deal and reimpose sanctions against Tehran, the economy minister told a…

Italy must pursue 'responsible' budget policy: EU official


Italy must strive to pursue a "responsible" budget policy, the European Commission vice-president in charge of the euro said in an interview published Tuesday, as the country's nascent populist far-right coalition picks a little known…


UN chief urges Hezbollah to halt military action


Secretary-General Antonio Guterres strongly criticized Hezbollah for operating as the most heavily armed militia and a political party in Lebanon and urged the group to halt military activities inside and outside the country, including in…

New York Stock Exchange names first female leader


The New York Stock Exchange has named its first female leader in the history of the 226-year-old exchange.


Asian markets mostly lower after Wall Street gains

Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government.


With Berri’s re-election sealed, focus shifts to new Cabinet


With the new Parliament starting its term Tuesday and the re-election of Speaker Nabih Berri for a new four-year mandate assured at Parliament session Wednesday, attention is focused on the next move of forming a new government following…

Monday, May 21


Coastal privatization approval causes concern

A coastal resort project in the northern town of Anfeh has been thrown back into the spotlight in the past week as reports emerged that it would be approved before the Cabinet entered caretaker status.


Markets rise as Beijing and Washington avert trade war

Global stock markets mostly rose Monday after the U.S. and China said they had agreed to hold off imposing tariffs, averting a damaging trade war at least for now.


Italian bonds, stocks fall further as 5-Star, League inch toward government


Italy's borrowing costs surged further on Monday and its stock market touched six-week lows as two anti-establishment parties that plan to ramp up spending appeared set to form a coalition government.


France's Total boosts Cypriot gas plan as it eyes Iran exit

French energy company Total says it is looking to expand its search for natural gas off Cyprus' south coast and seeks to secure another exploratory drilling license, days after warning it could exit Iran over renewed U.S. sanctions there.

Syrian army takes last insurgent area near Damascus


The Syrian army has restored control over all areas surrounding the capital Damascus, it said Monday, for the first time since early in the seven-year war, after pushing Daesh (ISIS) militants out of a south Damascus pocket.


Sterling falls to 2018 low as dollar soars; investors await data

The pound fell to a five-month low Monday as the dollar surged and investors prepared for data that could determine whether the Bank of England raises interest rates this year.


Syria army moves into Yarmouk after Daesh evacuations end

Evacuations of Daesh (ISIS) fighters from their final stronghold in Syria's capital ended on Monday, bringing President Bashar Assad closer to a major milestone in the seven-year war.

Cabinet ends its final session

After discussing a range of items for six hours, Cabinet ended its final session Monday before it becomes caretaker government, with tension erupting over over diplomatic appointments, a Baabda Palace source told The Daily Star.


Hezbollah sanctions won't halt govt formation: Bassil

Recent United States sanctions against top Hezbollah leaders will not impact formation of Lebanon’s new government, despite concerns it could slow down the process, Foreign Minister Gebran Bassil told Lebanese daily Al-Akhbar in remarks…

Asian markets higher as US, China put trade war on hold


Asian stock markets were higher on Monday as investors cheered the outcome of negotiations between the United States and China that put a trade war on hold, clearing uncertainty.


Lebanon enters new political phase

Blocs set to hold deliberations to decide whom to vote for as speaker

Sunday, May 20


Plastic-bottle boat criticizes Lebanon's pollution


Lebanese American University students and environmental activists completed the maiden voyage Sunday of the country’s first ever Phoenician-style trireme made of thousands of plastic bottles.

African nations pledge to recover stolen assets

Former British Prime Minister David Cameron two years ago was caught talking about an anti-corruption summit and calling Nigeria fantastically corrupt.

Apple-Samsung iPhone design copying case goes to jury

Jurors return to a Silicon Valley courtroom Monday to put a price on patented iPhone design features copied by Samsung in a legal case dating back seven years.

Schoolteachers need more than just appreciation


Two weeks ago was Teacher Appreciation Week, and I intended to write on the subject, but a more newsy topic intervened.


US confirms suspension of trade tariffs against China


US Treasury Secretary Steven Mnuchin confirmed Sunday that Washington and Beijing had agreed to back off from imposing tariffs on each other, a day after reaching an accord on slashing the American trade deficit with China.


Hamadeh: Hezbollah sanctions to hamper govt formation

Education Minister Marwan Hamadeh said Sunday that recent United States sanctions on Hezbollah would slow the formation of Lebanon’s new government, the state-run National News Agency reported.


US, French fire backs advance against Daesh in east Syria: Observatory


Arab and Kurdish fighters were advancing on Sunday against Daesh (ISIS) in eastern Syria thanks to close artillery support from allied American and French forces, a monitor said.


Woman dies in 6-story fall in Beirut


A woman was instantly killed Sunday after falling from the top of a six-story building in Beirut’s Chiyah area, the state-run National News Agency reported.

Eurozone stability will be 'threatened' if Italy breaks commitments

The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned Sunday.