Economy

Hundreds of Fungi Species Threatened with Extinction

This is Beirut 27/03 15:25 - Reading : 3 minute(s)

Fungi Climate Change The International Union for Conservation of Nature

Deforestation, farming and climate-fuelled fires are driving increasing threats to fungi, the lifeblood of most plants on Earth, warned the International Union for Conservation of Nature on Thursday. At least 411 fungi face extinction out of the 1,300 varieties whose conservation status is well understood, according to the latest update of the ...

Alice Walton: The New Queen of Billions

Christiane Tager 27/03 15:00 - Reading : 2 minute(s)

Alice Walton Walmart Bettencourt Arts

With an estimated net worth of $107.5 billion as of March — up from $95.8 billion in September 2024 — Alice Walton has overtaken France’s Françoise Bettencourt Meyers, daughter of the legendary L’Oréal heiress Liliane Bettencourt. At 74, Alice Walton is not a media darling—at least not in the way that her billionaire peers like Elon ...

Air Algérie Set to Resume Flights to Lebanon

This is Beirut 26/03 21:45 - Reading : less than a minute

Hezbollah Israel Lebanon War Air Algerie BIA

Air Algérie is preparing to resume flights to Lebanon after suspending operations last August due to the military conflict between Hezbollah and Israel. According to An-Nahar, the Algerian government plans to send a delegation to assess security conditions at Beirut-Rafic Hariri International Airport before resuming services. Notably, ...

Lebanon in the Top 80 of Numbeo Safety Index: A Pleasantly Surprising Ranking

This is Beirut 26/03 20:00 - Reading : 1 minute(s)

Lebanon Safety Numbeo Safety Index ranking

Lebanon may not be the world champion of Olympic calm, but it certainly has a surprise in store for you! With its 78th place (out of 147) in the Numbeo Safety Index ranking, it ranks ahead of major countries like the United States, France and England. Yes, you read that correctly – it’s quite an achievement! Who would have thought that, in a ...

Lebanon’s Digital Transformation: A Key to Economic Revival, Says Shehadeh

This is Beirut 26/03 19:10 - Reading : 2 minute(s)

Lebanon Kamal Chehade AI Technology

Lebanon’s Minister of the Displaced and State Minister for Technology and Artificial Intelligence, Kamal Shehadeh, has underscored the critical role of digital transformation in driving the country’s economic development. In an interview with CNBC Arabia, Shehadeh described digital transformation as “a key step to strengthening economic ...

Moody's Warns of Geopolitical and Internal Risks Threatening Israeli Economy

This is Beirut 26/03 12:40 - Reading : less than a minute

Israel economy

Rating agency Moody's warned that internal and geopolitical tensions could weaken the Israeli economy, particularly the key high-tech sector. According to Moody's, uncertainty about long-term security and the economic outlook are higher than usual, which could have serious consequences for the country's public finances and institutional ...

These Banknotes Aren’t So Green After All

Liliane Mokbel 26/03 10:30 - Reading : 2 minute(s)

Banks Central Bank of Lebanon

The local market is flooded with US dollar bills of all denominations – $5, $10, $20, $50 and $100 – showing various signs of wear: stained, damaged, torn, creased, faded, and sometimes even patched with tape. But are these bills still valid? In a country where the economy is almost entirely dollarized, the high demand and intense ...

Wassim Mansouri Reflects on His Interim Leadership at the BDL

This is Beirut 25/03 22:40 - Reading : 3 minute(s)

Banque du Liban Central Bank of Lebanon

As the Lebanese Cabinet under Nawaf Salam prepares to appoint a new governor for the Banque du Liban (BDL), assessments on Wassim Mansouri's interim tenure since August 2023 are mixed. Some view his actions as having preserved a degree of stability amidst unprecedented political and security crises, while others argue that the stability he has ...

Stocks Up as Fears Ease Over Next Trump Tariffs

This is Beirut 25/03 16:15 - Reading : 3 minute(s)

Donald Trump Europe New York USA Washington

Wall Street clung to strong gains and European stocks rose on Tuesday over easing concerns about the next round of tariffs from US President Donald Trump. The Dow, the broad-based S&P 500 and the tech-heavy Nasdaq were all up around 0.1 percent in early deals, following a rally fuelled by technology stocks the previous day. Sentiment was buoyed ...

China says Canada 'seriously damaging' interests in trade spat

This is Beirut 25/03 10:35 - Reading : 2 minute(s)

Donald Trump United States USA

China on Tuesday accused Canada of "seriously damaging" its interests, defending its tariffs against the country after Ottawa launched a dispute against Beijing at the World Trade Organization. Beijing this month slapped a 100 percent surcharge on rapeseed oil, oil cakes – a type of animal feed – and peas imported from Canada. China said the ...

Tesla's EU Sales Plunge 49% Year-on-Year In First Two Months of 2025: Industry Body

This is Beirut 25/03 10:20 - Reading : 2 minute(s)

European Union

European sales of Tesla electric cars dropped 49 percent in January-February compared with the same period a year earlier, the ACEA manufacturers' association said Tuesday. Ageing models are one factor behind the plunge so far this year, but e-vehicle clients may also be refusing to buy in protest of Tesla's billionaire owner Elon Musk since he ...

Boosting the Agricultural Sector: Joint Efforts Between Economic Organizations and Minister of Agriculture

This is Beirut 24/03 21:15 - Reading : 1 minute(s)

Gulf

Economic organizations, led by former Minister Mohammad Choucair, discussed strategies to revitalize and modernize Lebanon's agricultural sector with Minister of Agriculture Nizar Hani on Monday. The meeting was held at Beirut and Mount Lebanon Chamber of Commerce, in the presence of representatives of the main agricultural associations. Choucair ...