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U.S. Helps Confront Food Insecurity in Lebanon

U.S. Ambassador to Lebanon Dorothy Shea has met with World Food Program Deputy Country Director Nicolas Oberlin and others to learn more about the World Food Program’s ongoing efforts to address the deteriorating food security situation in Lebanon, the U.S. Embassy said on Friday.

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Stock Markets Retreat before Weekend Begins

Most Asian and European stock markets declined Friday as concerns over inflation, economic growth and virus outbreaks weighed on investors' minds, dealers said.

Traders digested data confirming eurozone inflation had slowed in June to 1.9 percent from 2.0 percent in May, which suggested that price pressures remain elevated.

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Eiffel Tower Reopens After Nine-Month Covid Closure

The Eiffel Tower reopened to visitors on Friday after nine months of shutdown caused by the Covid pandemic, the landmark's longest closure since World War II.

The lifts of the "Iron Lady" again whisked tourists to its 300-metre (1,000-foot) summit and its majestic views of the French capital as a marching band played.

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UK Regulator Fines Pharma Firms for Manipulating Market

Britain's competition regulator announced Thursday it has imposed hundreds of millions of pounds in fines on several pharmaceutical firms for breaching the law in the supply of hydrocortisone tablets.

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Italy Says Deal Reached with EU on Alitalia Successor

Italy has struck a deal with the European Commission over the creation of a new airline to replace its beleaguered national airline Alitalia, the economy ministry said Thursday.

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Russia Prosecutors Request Suspended Terms for U.S., French Investors

Moscow prosecutors on Thursday asked for suspended sentences of six years for a prominent U.S. investor and five for a French banker whose arrests more than two years ago rattled Russia's business community.

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UK Job Vacancies Soar as Economy Reopens

Britain's unemployment is falling as the nation's Covid-hit economy reopens -- but vacancies are soaring as businesses struggle to recruit sufficient staff, official data showed Thursday.

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US Stocks Climb as Powell Says No Change in Fed Policy

Wall Street rose at the start of trading on Wednesday as traders took heart from Federal Reserve Chair Jerome Powell's pledge that the central bank will not end its easy money policies yet.

In testimony released ahead of his appearance before the House Financial Services Committee, Powell said the US economy has "a long way to go" to return to full employment following the Covid-19 pandemic, and predicted inflation will remain "elevated" inflation in the coming months before declining.

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Most Lebanese Women Struggling to Afford Period Supplies

Three quarters of females in Lebanon are struggling to afford period supplies amid a deep economic crisis, forcing many to resort to impractical or unsafe alternatives, non-government groups said Wednesday.

"76.5 percent of women and girls living in Lebanon experienced more difficulty in accessing products because of the sharp rise in prices during the past year," the groups Fe-Male and Plan International found in a survey.

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French Firm to Turn Grain from Beirut Port Blast into Compost

A French firm aims to turn tons of rotting grain at Beirut's devastated port into compost, the company said Tuesday, nearly a year after Lebanon's worst peacetime disaster ravaged its silos.

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