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'Meme' Stocks Suffer as Wall Street Opens Lower

U.S. equities opened sharply lower on Thursday despite data confirming the economic rebound, as investors await the key government jobs report for May.

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Aoun Acts after Halt of LBP 3,900 Rate Withdrawals Sparks Uproar

President Michel Aoun was on Thursday meeting with Central Bank Governor Riad Salameh and State Shura Council head Judge Fadi Elias after the Central Bank froze a circular allowing depositors to make use of their USD accounts at the LBP 3,900 rate.

Al-Jadeed TV reported that Aoun had made contacts overnight that led to the reversal of the bank’s decision and that the outcome would be announced after Thursday’s meeting in Baabda.

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Telecom Head Summoned after France Emergency Line Outage Causes Deaths

The French government summoned the head of the telecom operator Orange on Thursday over a network outage that left people unable to reach emergency services for hours, possibly causing three deaths.

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OPEC and Allies Agree to Continue Planned Crude Output Increases

The OPEC group of oil-producing countries and its allies agreed Tuesday to maintain planned production increases, as pandemic-hit demand for crude recovers.

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Israel Says Military Exports Hit $8.3 Billion in 2020

Israeli military exports reached $8.3 billion in 2020, buoyed by a 15 percent spike in the number of agreements signed compared with the previous year, the government announced Tuesday.

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World Bank: Lebanon's Crisis among World's Worst since 1850s

Lebanon's severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than 150 years, the World Bank said in a report released Tuesday.

The World Bank said that since late 2019, Lebanon has been facing compounded challenges, including its largest peace-time economic and financial crisis, the spread of coronavirus and a massive blast at Beirut's port last year that is considered as one of the largest non-nuclear explosions in history.

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Iran Oil Minister Calls for Tripling Output as a 'Priority'

Iran should almost triple its crude output as a "priority" to boost its political clout, its oil minister said Monday, ahead of a meeting of major producing nations.

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French Investigators Question Carlos Ghosn in Beirut

French investigators interrogated former Renault-Nissan boss Carlos Ghosn Monday in Lebanon, where he has sought refuge since a dramatic escape from Japan, a court source said.

Ghosn, his defense team, a Lebanese prosecutor sitting in on the hearing and the visiting French judges met at 10:00 am (0700 GMT) in the Court of Cassation where the interrogation over alleged fraudulent activities went underway, the source said.

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Hunger Stalks India's Poor in Pandemic Double Blow

Rasheeda Jaleel lives in fear that she may not be able to feed her seven children as millions of Indian families are forced into poverty by a devastating new coronavirus wave.

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Ghosn Testifies to French Investigators in Renault Probe

For hours, French investigators on Thursday questioned fugitive former auto magnate Carlos Ghosn in the Lebanese capital as a witness in a probe over Renault's pollutant emissions, according to two Lebanese officials.

A prosecution official and a judge said the French questioned Ghosn before leaving Beirut later in the day. The two spoke on condition of anonymity because they were not authorized to talk to media. The officials said Lebanese investigators sat through the questioning of Ghosn. There was no immediate comment from French officials.

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