The head of the finance parliamentary committee, MP Ibrahim Kanaan, on Thursday said that the central bank’s decision to extend the implementation of Decree 151 is an attempt to “anesthetize the depositors.”

“It is unacceptable to continue the game of winning time, seeing as Decree 151 was issued more than a year and a half ago, when the dollar exchange rate was around LBP 7,000. The dollar exchange rate reached LBP 24,000 and depositors continued to withdraw their money at the LBP 3,900 rate, which amounts to an 85% veiled haircut,” Kanaan added.

Fumio Kishida, the man soon to become Japan's prime minister, says he believes raising incomes is the only way to get the world's third-largest economy growing again.

Kishida says he wants to promote a "new capitalism" that would be more equitable, with fairer distribution of national wealth — the only way to get frugal Japanese families to spend more.

The United States and the European Union agreed Wednesday to carry on the work of 10 expert-level panels to explore and recommend solutions to a variety of trade disputes and challenges.

During the first of two days of trade and technology talks in Pittsburgh, they instructed the working groups to continue deliberations on matters ranging from climate and clean tech and technology standards to global trade issues, including tariffs that have strained U.S.-EU relations and predatory commercial practices by China.

The United Kingdom and France are at loggerheads again over fishing rights in the English Channel, leading Paris to warn about potential retaliatory measures that could impact energy and trade.

In the latest post-Brexit dispute between the two countries, France urged the British government to allow more small French boats to fish in U.K. territorial waters. The U.K. announced Tuesday that it had approved only 12 out of 47 new license applications.

Mehdi Dolatyari watched with dread in recent months as once-affordable goods at his central Tehran supermarket soared out of reach for his customers. Iranians who previously bought sacks of staple foods at the store now struggle to scrape together enough for meals, as the country's currency sinks to new lows against the dollar.

"Rice is awfully expensive," Dolatyari said, describing how its price has nearly doubled.

The European Union's general court on Wednesday annulled the 27-country bloc's approval of agriculture and fishing agreements that allow Morocco to export goods from Western Sahara.

The ruling could damage the EU's relationship with Morocco, although the court said the effects of the 2019 agreements would be maintained over a certain period "to preserve the European Union's external action and legal certainty over its international commitments."

People in northeastern China ate breakfast by the light of smartphones and shopkeepers turned on generators as much of the country enforced power cuts Wednesday to meet official conservation targets and ease shortages in some areas.

News reports blame high coal prices they say make power companies reluctant to meet booming demand, while economists say the real motive is political: Officials are under pressure to curtail energy use to meet official targets.

Japanese prosecutors accused former Nissan executive Greg Kelly of joining a "conspiracy" to pay his former boss Carlos Ghosn illicitly, as they wrapped up their closing arguments Wednesday in a yearlong trial.

"That unpaid compensation existed is clear," prosecutor Yukio Kawasaki told the Tokyo District Court, reading briskly from a thick document.

As the world's nations prepare to gather for another climate summit next month in Glasgow, the OPEC oil cartel is reminding that, in their view, crude will continue to be the leading source of energy for decades, especially as the world's less-wealthy countries seek higher growth and standards of living.

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries.

Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.

The addition, announced Tuesday, follows the purchase earlier this year of CARMERA Inc., a U.S. venture that specializes in sophisticated road mapping updates made cheaper and faster by using crowdsourced information obtained from millions of net-connected Toyota vehicles.