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Bassil Urges Fast Govt. Formation, Says Using BDL Reserve Inevitable

Free Patriotic Movement leader Jebran Bassil on Wednesday said the Strong Lebanon bloc supports “the quick formation of a government led by PM-designate Saad Hariri.”

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UK Inflation Hits Highest Level since Before Pandemic

British inflation has soared to the highest level since before the coronavirus pandemic, with clothing, fuel and oil prices rebounding as the economy reopens, official data showed Wednesday.

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Emirates Airline Posts $5.5 bn Annual Loss, a First in over 30 Years

Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic badly hit the aviation industry.

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Who are the Americans on Trial over Ghosn's Escape

Americans Michael Taylor and his son Peter Taylor go on trial in Tokyo on Monday on charges they helped Nissan's former chairman, Carlos Ghosn, skip bail and flee to Lebanon in December 2019.

HOW DID THE TAYLORS END UP IN JAPAN?

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Planes, Trains and Boxes: Carlos Ghosn's Audacious Escape

Carlos Ghosn's 2019 escape from Japan, where he was awaiting trial, was virtually made for Hollywood, complete with private jets, a former special forces operative and a giant case to hide inside.

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Stocks Climb Looking Ahead to U.S. Federal Reserve Meeting

Stock markets climbed Monday with investors looking ahead to a meeting of the Federal Reserve this week hoping for fresh clues about prospects for higher interest rates as inflation soars.

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Lebanon Currency Hits New Low as Crisis Aggravates

Lebanon's currency hit a new low against the dollar on the black market Monday, continuing its freefall in a country gripped by political deadlock, an economic crisis and increasing shortages.

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Lebanese Currency Hits New Record Lows as Crisis Deepens

Lebanon's local currency hit a new record low on Sunday, with the country's economic and political crisis worsening with no apparent solutions in the near future.

The currency has lost more than 90% of its value since October 2019, when anti-government protests erupted. Inflation and prices of basic goods have skyrocketed in the country, which imports more than 80% of its basic goods.

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G7 Endorses Drive to End 'Race to Bottom' on Taxes

The G7 endorsed Sunday a drive to create a "fairer tax system", with a global minimum corporation tax and a collective crackdown on avoidance, that it said would help tackle inequality.

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G7 Vows Action on Covid Vaccines, Climate Change

G7 leaders on Sunday vowed to start delivering one billion doses of Covid vaccines and to step up action on climate change, in a summit call to arms by a revived democratic alliance that also confronted China and Russia.

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