Leading international auditing firm KPMG, which is tasked by the International Monetary Fund to audit the work of Lebanon’s central bank between 2015 and 2020, has not found any violations, LBCI television reported on Thursday.

The firm has also been tasked with auditing the bank’s work between 2020 and 2021, LBCI noted.

Caretaker Economy Minister Amin Salam announced Thursday that the country will witness “breakthroughs” in the bread shortage crisis in the “next two days.”

“There is an operations room at the Interior Ministry that will coordinate with the Economy Ministry to monitor all things in the market,” Salam said.

After going backward from January through March, the U.S. economy probably didn't do much better in the spring.

On Thursday morning, the government will reveal just how weak economic growth was in the April-June quarter — and perhaps offer clues about whether the United States may be approaching a recession.

The world's most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the targets of the Paris Agreement, an assessment released Thursday by an institutional investors group warned.

The efforts of 27 giant banks in North America, Europe and Asia to align their policies with global warming of no more than 1.5 degrees Celsius (2.7 Fahrenheit) are falling far short in every area measured in the pilot study, obtained exclusively by The Associated Press. The report said no major bank has committed to end financing for new oil and gas exploration, and only one has promised to cut all coal financing in line with International Energy Agency guidelines.

Japanese automaker Nissan's profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in China and a global semiconductor shortage slammed production.

Nissan Motor Co. reported Thursday that its April-June net profit totaled 47.1 billion yen ($349 million), down from 114.5 billion yen in the same period of 2021. That change marks a 59% drop. Quarterly sales rose 6% 2.14 trillion yen ($15.9 billion).

Head of Finance Committee MP Ibrahim Kanaan said Thursday that the committee has asked the Ministry of Finance to review the state budget for the last time and to submit clarifications before the committee's next session on Tuesday.

Kanaan accused the Cabinet and the Parliament of shifting responsibility, as he urged for "more transparency and less selectivity."

Prime Minister-designate Najib Mikati said Thursday that achieving food security is a priority for Arab countries.

Mikati, in an Arab agriculture ministers summit in Lebanon, urged the sisterly Arab countries to support Lebanon during its crisis.

Shipping companies are not rushing to export millions of tons of grain trapped in Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is because explosive mines are drifting in the waters, ship owners are assessing the risks and many still have questions over how the deal will unfold.

The complexities of the agreement have set off a slow, cautious start, but it's only good for 120 days — and the clock began ticking last week.

Gaza's Hamas rulers have imposed a slew of new taxes on imported clothes and office supplies just ahead of the new school year, sparking limited but rare protests in the impoverished coastal strip.

The move by the militant group comes at a time when Gaza's 2.3 million people are suffering not only from a 15-year Israeli-Egyptian blockade, but also from a new jump in prices caused by global supply-chain issues and the Russian invasion of Ukraine.

Lebanon plans to build two new grain silos to fight its its worsening food security crisis, the country's caretaker economy minister told The Associated Press on Wednesday.

Amin Salam said that several countries and international organizations have expressed an interest in funding and bidding for the new silos, which will cost a total of $100 million.