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Aoun Signs Decree of Ration Cards Draft Law

President Michel Aoun on Wednesday signed a decree for referring to parliament an urgent draft law aimed at approving and financing the ration cards plan.

Caretaker Finance Minister Ghazi Wazni had on Monday signed the draft law, which was prepared by the Premiership and is aimed at “approving ration cards and opening an additional and extraordinary line of credit for funding them.”

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Ghosn Gives Witness Testimony to French Investigators

French judicial investigators heard fugitive ex-auto tycoon Carlos Ghosn as a witness Wednesday in Beirut ahead of further questioning next week, two sources said.

The hearing came before French magistrates officially question Ghosn, who holds Lebanese, French and Brazilian citizenship, on Monday over other judicial inquiries lodged against him in France.

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Migrant Workers Hit by Lebanon Crises, U.N. Warns

Migrant workers in Lebanon have been hit hard by its multiple crises and half of them left jobless, the U.N. warned Wednesday, calling for voluntary returns to be scaled up.

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European Stocks Tread Water, as Bitcoin Attempts Recovery

European stocks were rangebound Monday after a mixed session in Asia, while U.S. shares advanced and bitcoin tried to rally after a weekend plunge.

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Wazni Signs Urgent Draft Law for Funding Ration Cards

Caretaker Finance Minister Ghazi Wazni on Monday signed an urgent draft law prepared by the Premiership and aimed at “approving ration cards and opening an additional and extraordinary line of credit for funding them,” the National News Agency said.

Al-Akhbar newspaper had earlier reported that “after political blocs refused spending from the obligatory reserve” of the central bank, “the Premiership threw the ball yesterday in the court of the Finance Ministry.”

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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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