This is Beirut - European Union

French Finance Minister: EU Will 'Do the Same' if US Imposes Tariffs Hikes:

This is Beirut, 27/02 17:25 - Reading : 2 minute(s)

French Finance Minister Eric Lombard told AFP on Thursday that the European Union would "do the same" if the United States follows through with 25 percent tariffs announced by President Donald Trump. Trump threatened Wednesday to impose 25 percent tariffs on goods imported from the European Union. "It is clear that if the Americans maintain the ...

The Role of the US, EU and Arab Countries in Syria’s Economic Future

Liliane Mokbel, 26/02 15:20 - Reading : 3 minute(s)

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The Partial Lifting of European Sanctions Is Insufficient The partial lifting of European sanctions on Syria is a positive step that could help accelerate economic recovery. However, this measure remains inadequate given the urgent need for support. While some Gulf Cooperation Council (GCC) countries, notably Qatar and Saudi Arabia, are willing ...

Ukraine's Reconstruction Needs Surpass $500 Billion

This is Beirut, 25/02 14:55 - Reading : 1 minute(s)

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Ukraine will need over $500 billion to repair the damage resulting from the Russian invasion, which has entered its fourth year, according to a joint assessment published Tuesday. "The total cost of reconstruction and recovery in Ukraine is $524 billion over the next decade," said a statement published by Ukraine, the World Bank Group, the ...

EU Suspends Sanctions on Key Syria Economic Sectors

This is Beirut, 24/02 23:08 - Reading : 2 minute(s)

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The European Union on Monday eased sanctions on Syria's energy, transport and banking sectors in a bid to help the country's reconstruction after the fall of Bashar al-Assad. Syria's new leaders have been clamouring for the West to ease sanctions imposed on Assad's regime during the civil war. But Europe and other powers have ...

14 Billion Dollars: The Devastating Losses of the Hezbollah-Israel Conflict

Christiane Tager, 21/02 22:05 - Reading : 4 minute(s)

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$14 billion! That is the historic and no less colossal amount of damage caused by the conflict between Hezbollah and Israel. This sum includes both material damage and economic losses. The reconstruction costs are estimated at around $12 billion. For Nassib Ghobril, chief economist at Byblos Bank, economic losses amount to at least $3 ...

EU tells US Europe Wants to 'partner' on Ukraine Peace

This is Beirut, 18/02 12:35 - Reading : 2 minute(s)

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EU chief Ursula von der Leyen told US envoy Keith Kellogg on Tuesday that Europe wants to work with Washington for peace in Ukraine, and is ready to do more to arm Kyiv. "Financially and militarily, Europe has brought more to the table than anyone else. And we will step up," von der Leyen wrote on X after meeting Kellogg in Brussels. "We want to ...

EU Pushes to Boost Weapons Deliveries for Ukraine

This is Beirut, 17/02 16:41 - Reading : 2 minute(s)

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The EU is pressing its member states to bolster supplies of key weaponry to Ukraine this year, including air defences, missiles and at least 1.5 million artillery shells, a proposal seen by AFP Monday said. Europe is scrambling to offer backing to Kyiv after US President Donald Trump blindsided allies by launching peace efforts with Russia over ...

UK Says Ready to Send Troops in Ukraine

This is Beirut, 17/02 05:25 - Reading : 2 minute(s)

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UK Prime Minister Keir Starmer said he was prepared to deploy troops to Ukraine if needed, hours before European leaders meet in Paris on Monday to address Washington's shock policy shift on the war. US President Donald Trump sidelined Kyiv and its European backers last week by calling his Russian counterpart Vladimir Putin to talk about ...

Navalny Supporters Risk Reprisals With Memorial Events a Year After his Death

This is Beirut, 16/02 12:25 - Reading : 5 minute(s)

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A year after Russian opposition leader Alexei Navalny died behind bars, his supporters held memorial events on Sunday, with hundreds risking reprisals by visiting his grave in Moscow. Throughout the morning, people braved glacial temperatures to file past Navalny's grave in Moscow's Borisovskoye cemetery, defying warnings that authorities would ...

Zelensky Rejects Trump-Led Deal With US on Minerals

This is Beirut, 15/02 20:05 - Reading : 5 minute(s)

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Ukrainian President Volodymyr Zelensky called Saturday for the creation of a European army, as he insisted Kyiv and its backers on the continent must be listened to in peace talks with Russia. Speaking at a gathering of top policymakers in Munich, the Ukrainian leader said that with the return of President Donald Trump to the White House Europe ...

EU vows to respond 'firmly and immediately' to US tariffs

This is Beirut, 14/02 15:20 - Reading : 1 minute(s)

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The EU vowed Friday to respond "firmly and immediately" to trade barriers after US President Donald Trump unveiled tariffs that could hit both allies and competitors. The European Commission said Trump's plans were "a step in the wrong direction" that heightened economic uncertainty and disrupted the efficiency of global markets. "The EU will ...

Washington Plans to Impose Reciprocal Tariffs on Trade Partners

This is Beirut, 13/02 23:05 - Reading : 2 minute(s)

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U.S. President Donald Trump announced on Thursday a proposal for reciprocal tariffs targeting countries that impose duties on U.S. imports, according to Reuters. This measure, which could take effect in the coming weeks, is part of his administration's protectionist policy aimed at strengthening economic and national security. "Today is a great ...

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