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Judge Nicolas Mansour Issues Arrest Warrant against Raja Salameh

Judge Nicolas Mansour issued Thursday an arrest warrant against Raja Salameh, the brother of Central Bank Governor Riad Salameh, after questioning him.

Mount Lebanon Prosecutor Judge Ghada Aoun had ordered last week the detention of the businessman Raja Salameh, after questioning him for several hours.

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EU Wants Gas Storage Topped up to Curb Reliance on Russia

The European Union's executive arm proposed Wednesday that all natural gas storage facilities in the 27-nation bloc are topped up to at least 80% capacity for next winter as it seeks to reduce its reliance on Russian energy in the future.

On the eve of a two-day summit of EU leaders, the European Commission said the bloc must quickly revamp its energy policy before next winter and another price crisis leaves millions of EU citizens with bills they cannot pay.

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Egyptian Pound Slides Further after Central Bank's Moves

The Egyptian pound slipped further against the dollar on Wednesday, after Egypt's Central Bank raised its main interest rate and devalued the local currency by 14%.

The moves by the Central Bank of Egypt were meant to combat inflationary waves triggered by the coronavirus pandemic and Russia's war in Ukraine, which hiked oil prices to record highs.

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Raja Salameh Questioned by Financial Attorney General

Raja Salameh, the detained brother of Central Bank chief Riad Salameh, was questioned Tuesday by Financial Attorney General Judge Jean Tannous over the file of the brokerage firm that he owns, Forry Associates Ltd, al-Jadeed TV said.

The TV network added that Salameh was not interrogated by Mount Lebanon First Examining Magistrate Nicolas Mansour due to the Covid-19 infection of a judicial clerk at Mt. Lebanon’s investigations department.

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Conflicting Reports on Removal of Red Wax Seals from Fransabank Branches

Conflicting reports emerged Tuesday on whether a court of appeals has ordered the removal of red wax seals from the assets of Fransabank.

"The reports saying the seals have been removed from Fransabank's assets are baseless and the Court of Appeals' ruling prevents the removal of the seals, contrary to what is being rumored," the United for Lebanon activist group said.

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In Rome, Aoun Calls for Vatican-Backed Lebanon Support Fund

President Michel Aoun on Monday called, from Rome, for setting up a Vatican-sponsored Lebanon support fund and for boosting aid programs for Lebanon, the Presidency said.

The head of the U.N.’s Food and Agriculture Organization, Qu Dongyu, and the head of the U.N.’s World Food Program, David Beasley, both said that Aoun’s suggestion will be taken into consideration, the Presidency added.

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Toyota Pauses Most Japan Production after Quake

The world's top-selling automaker Toyota said Friday it will halt operations on the majority of its Japanese production lines for three days as parts supply is hit by a recent powerful earthquake.

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Zelensky Calls on Europe to Halt All Trade with Russia

Ukrainian President Volodymyr Zelensky called on European leaders Monday to cease all trade with Russia in an effort to pressure Moscow to halt its nearly month-long military assault on his country.

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Shanghai Disneyland Closes as Virus Rises, Shenzhen Reopens

Shanghai Disneyland closed Monday as China's most populous city tried to contain its biggest coronavirus flareup in two years, while the southern business center of Shenzhen allowed shops and offices to reopen after a weeklong closure.

Meanwhile, the cities of Changchun and Jilin in the northeast began another round of citywide virus testing following a surge in infections. Jilin tightened anti-disease curbs, ordering its 2 million residents to stay home.

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Russia's Central Bank Reopens Bond Trading

Russia’s central bank has cautiously reopened bond trading on the Moscow exchange for the first time since the country invaded Ukraine.

The price of Russia’s ruble-denominated government debt fell Monday, sending borrowing costs higher. Stock trading has remained closed, with no word on when it might reopen.

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