Business News

BERRI-

Berri pronounces banking ‘haircut’ plan dead before arrival

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Lebanon House Speaker, Nabih Berri pronounces on Tuesday the so called haircut plan for bank deposits “dead” before arrival ,

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lebanon-economy-to-shrink

IMF projects Lebanon’s economy will shrink 12% in 2020

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By Bassem Mroue, Associated Press The International Monetary Fund projected Tuesday that Lebanon’s economy will shrink 12% in 2020 amid

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LEBANON CENTRAL BANK

The financial Armageddon in Lebanon, is an opportunity to redesign a better system

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By Dr. Ghassan Karam There is a tendency to deal with most problems as if they are self contained and

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aoun-diab-masked

International warning against changing Lebanon’s banking, economic scene

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Lebanon’s draft economic rescue plan, currently being discussed by the cabinet, was met with international concerns. Approving the plan without

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OPEC

Major oil producers agree to slash production to help stabilize the market

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Abu Dhabi – Russia and Saudi Arabia have called off their brutal price war and are now pushing dozens of

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hasish farmers

Lebanon makes largest ever cannabis drug bust

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Lebanon’s security forces said Friday they had made their largest cannabis seizure in history last month, unearthing 25 tonnes of

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STIMULUS-CHECKS-

Here’s when Americans get their stimulus check

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By Zack Friedman Want to know when your stimulus check will arrive? Here’s what you need to know. Stimulus Checks

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moody’s

MOODY’S: Lebanon banking outlook ‘negative’ with large losses, rise in problem loans

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Beirut, Lebanon- The outlook for Lebanon’s banking system has changed to negative as business activity stalls and the economy slides

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carnival-brands

Carnival’s stock soars after Saudi Arabia takes stake in the cruise company

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Shares of Carnival Corp. rose by 10.8% Tuesday, extending Monday’s gains after the Saudi sovereign wealth fund disclosed an 8.2% stake

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WALL-ST-

Wall Street rockets higher on hopes of slowing coronavirus deaths

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U.S. stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in

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