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Iran Rolling Blackouts Blamed on Heat, Drought, Crypto-Mining

Iran has started rolling blackouts, local media reported Sunday, which officials blamed on heat, drought impacting hydropower generation, and surging electricity demand blamed in part on crypto-currency mining.

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U.S. Proposal Lifts Hopes for Global Minimum Tax Deal

The U.S. breathed new hope into global tax talks with a proposal, welcomed by Germany and France on Friday, to set a minimum rate of 15 percent on profits of multinationals worldwide.

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LibanPost Launches Collection Service for Engineers in Tripoli and North

LibanPost has announced the launch of a Collection Service for the Order of Engineers & Architects in Tripoli and North Lebanon.

The service, which was launched on May 18, allows registered engineers to “pay their annual subscription fee at any LibanPost office all over Lebanon,” LibanPost said in a statement.

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Dutch Court Orders Carlos Ghosn to Repay Salary

A Dutch court on Thursday ordered fugitive former Nissan chairman Carlos Ghosn to repay nearly 5 million euros in salary to an Amsterdam-based alliance between Nissan and Mitsubishi, and rejected his claim for millions in compensation for wrongful dismissal.

The ruling came in a case in which Ghosn sought to have his 2018 sacking from Nissan-Mitsubishi B.V. overturned and demanded 15 million euros ($16.5 million) in compensation.

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Bitcoin Tumbles Below $40,000 after China Issues Warning

Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them.

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Asia Markets Mostly Rise but Virus, Inflation Fears Linger

Most markets rose in Asia on Tuesday as investors looked past rising virus infections in the region and bet on the global recovery, with Tokyo brushing off data showing the Japanese economy shrank more than expected in the first quarter.

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Asian Markets Mixed as Traders Weigh Recovery and New Infections

Asian markets were mixed Monday as optimism about the global recovery was offset by concerns about a spike in new infections in several countries that have officials battling to avert new lockdowns.

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Turkish Power Firm Halts Generation for Lebanese Grid

Lebanon lost as much as a quarter of its power grid supply Friday when a Turkish firm halted power generation, the latest blow to the crisis-hit country already suffering long blackouts.

Lebanon's ailing electricity sector is facing dire cash shortages, as the country grapples with its worst economic crisis since the 1975-1990 civil war.

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Driven by Despair, Lebanese Pharmacist Looks to Life Abroad

The shelves are bare at the Panacea pharmacy north of Beirut. Its owner, Rita El Khoury, has spent the past few weeks packing up her career, apartment and belongings before leaving Lebanon for a new life abroad.

For the 35-year-old pharmacist and her husband, and countless others feeling trapped in a country hammered by multiple crises, Lebanon has become unlivable.

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UK Economy in Recovery Mode ahead of Lockdown Easing

Britain's economic recovery began to recover strongly at the end of the first quarter despite lockdown restrictions, official data revealed on Wednesday.

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