This is Beirut 16/07 12:25 - Reading : 3 minute(s)
Donald Trump Washington Nvidia China
Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials. Huang is in the Chinese capital this week to attend the China International Supply Chain Expo, a forum for the country to boost its image as the global defender of free trade in contrast to the ...
This is Beirut 16/07 09:17 - Reading : 3 minute(s)
United States Donald Trump Indonesia Tariffs
US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19 percent tariff, Trump said in a post on his Truth Social platform. This ...
Christiane Tager 15/07 21:15 - Reading : 2 minute(s)
Europe European Union Gulf Saudi Arabia Turkey
Lebanon’s land still gives, but the market no longer answers. At a recent Cabinet meeting, Agriculture Minister Nizar Hani issued a stark warning: Lebanese agriculture is at a breaking point. With distribution in crisis, export routes to the Gulf shut down and a stifling economic climate, the sector is being pushed to the edge. “Maritime ...
This is Beirut 15/07 14:50 - Reading : 4 minute(s)
Banks Banque du Liban Central Bank of Lebanon
The circular (No. 170) published by the Banque du Liban, accompanied by Basic Decision No. 13335, marks a decisive turning point in regulating the Lebanese financial sector. By formally banning banks and financial institutions from any relationship with unauthorized entities, particularly the association Al-Qard Al-Hassan, the Banque du Liban is ...
This is Beirut 15/07 09:05 - Reading : 3 minute(s)
Washington Nvidia AI H20 Chips
US tech giant Nvidia said on Tuesday it will resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had put a stop to exports. The California-based firm produces some of the world's most advanced semiconductors but is not allowed to ship its most cutting-edge chips to China owing ...
This is Beirut 14/07 17:30 - Reading : 1 minute(s)
United States European Commission Europe Trade Tariffs Donald Trump
The European Commission on Monday said it was putting forward a new list of US goods worth 72 billion euros ($84 billion) that could be targeted by EU levies if tariff talks with Washington fail. The bloc's trade chief, Commissioner Maros Sefcovic, announced the proposal, "accounting for some 72 billion euros' worth of US ...
This is Beirut 14/07 17:30 - Reading : 2 minute(s)
Banks Ibrahim Kanaan lebanon Banque du Liban Yassin Jaber
The parliamentary subcommittee tasked with drafting the long-awaited banking reform bill made significant headway on Monday, as lawmakers inched closer to adopting several key provisions aimed at revamping the financial sector. Chaired by MP Ibrahim Kanaan, the session was attended by Minister of Finance Yassine Jaber, a number of MPs and Central ...
This is Beirut 14/07 13:30 - Reading : 1 minute(s)
Strike Corruption Lebanon Salaries Protests civil servants
Lebanese civil servants are once again raising their voices. In a statement issued Monday, the Public Sector League reiterated its full support for the ongoing strike, denouncing what it described as the "neglect of the most basic rights" of Lebanese public employees, who have become "the victims of the state’s collapse and its abdication of ...
This is Beirut 14/07 12:20 - Reading : 1 minute(s)
Lebanon Central Bank K2 Integrity Grey list Financial Action Task Force United States
As part of its strategy to curb the expansion of the informal economy and combat illicit and fraudulent activities, Lebanon’s Central Bank announced on Monday the signing of a cooperation agreement with US-based firm K2 Integrity, which specializes in global risk management, compliance, and financial investigations. The agreement is part of the ...
This is Beirut 14/07 08:55 - Reading : 3 minute(s)
Donald Trump Emmanuel Macron European Union Banks Bitcoin
Bitcoin surged past the $120,000 mark for the first time on Monday, setting a new record as optimism grows around potential regulatory breakthroughs for the cryptocurrency industry this week. The digital asset peaked at $122,571.19 before easing slightly, trading 2.4% higher at $121,952.61. Most Asian markets rose Monday as investors digested ...
This is Beirut 12/07 17:25 - Reading : 4 minute(s)
Donald Trump European Union United States USA Washington
Donald Trump announced on Saturday the imposition of 30% tariffs on products imported into the United States from the European Union and Mexico, a new escalation amid ongoing negotiations ahead of the August 1 deadline, which has raised alarm across Europe. The U.S. president justified the decision in a new letter published on his Truth Social ...
Liliane Mokbel 12/07 15:00 - Reading : 1 minute(s)
Amid ongoing conflict and persistent economic instability, remittances from Lebanese abroad continue to play a vital role in Lebanon’s financial survival. Since 2006, when remittance flows hit a low of $5.72 billion, the volume of money sent back to Lebanon has fluctuated in response to both domestic and global conditions. The highest level ...