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Nearly three-quarters of Lebanon professionals prefer to be self-employed

The Entrepreneurship in the MENA survey, conducted recently by Bayt.com, a leading job site in the Gulf and Middle East, and market research agency YouGov, has found that nearly three-quarters (73%) of Lebanon respondents would like to be self-employed or have their own business if given the choice.

The survey found that even among those who are employed, 65% are currently thinking of starting their own business. 17% of respondents have tried to start their own business in the past, while 8% never thought of establishing a new company. Be my own boss (48%), freedom to choose work-life balance (42%), personal fulfilment (40%) and build a business my children can inherit (36%) emerge as the top reasons for preferring to be self-employed.

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Euro drops back under dollar parity

The euro fell back under dollar parity on Monday, hit by expectations the Federal Reserve will stick to its interest rate-hiking plans.

In morning trade, the European single currency slid as low as $0.9990, dented also by growing fears of winter energy shortages in Europe.

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Qatar detains workers protesting late pay before World Cup

Qatar recently arrested at least 60 foreign workers who protested going months without pay and deported some of them, an advocacy group said, just three months before Doha hosts the 2022 FIFA World Cup.

The move comes as Qatar faces intense international scrutiny over its labor practices ahead of the tournament. Like other Gulf Arab nations, Qatar heavily relies on foreign labor. The workers' protest a week ago — and Qatar's reaction to it — could further fuel the concern.

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Paris rejects claim of 'obstacles' to Russian agriculture exports

The French presidency on Friday denied any "obstacles" hindering Russian agriculture exports, which the Kremlin claimed after a call between President Vladimir Putin and Emmanuel Macron.

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Sri Lanka hopes to reach initial agreement with IMF for help

Sri Lanka's central bank chief said Thursday he hopes the government can reach a preliminary agreement that could lead to a bailout package with the International Monetary Fund when its officials visit the crisis-hit island nation later this month.

The Indian Ocean country is effectively bankrupt and its economic crisis set off massive public protests that led to the ouster of President Gotabaya Rajapaksa last month. The government has said the crisis has made the negotiations with the IMF difficult.

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Zimbabweans hit by 257% inflation: Will gold coins help?

After working as an overnight security guard at a church in Harare's impoverished Mabvuku township, Jeffrey Carlos rushes home to help his wife fetch water to sell.

Prolonged water shortages mean most residents of the capital city of more than 2.4 million must source their own water. Carlos is lucky because the property he rents has a well and his family can haul up buckets of water to sell to neighbors.

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Yangtze shrinks as China's drought disrupts industry

Ships crept down the middle of the Yangtze on Friday after China's driest summer in six decades left one of the mightiest rivers barely half its normal width and set off a scramble to contain the damage to a weak economy in a politically sensitive year.

Factories in Sichuan province and the adjacent metropolis of Chongqing in the southwest were ordered to shut down after reservoirs that supply hydropower fell to half their normal levels and demand for air conditioning surged in scorching temperatures.

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No Tube: London subway hit by strike, day after rail walkout

A strike by London Underground workers brought the British capital's transit network to a grinding halt on Friday, a day after a nationwide walkout by railway staff. Another rail strike is scheduled for Saturday as the U.K. endures a summer of action by workers demanding pay increases to offset soaring food and energy price hikes.

No subway trains were running on most of London's Tube lines because of the strike over jobs, pay and pensions by members of the Rail, Maritime and Transport Union, operator Transport for London said.

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US to hold trade talks with Taiwan, island drills military

The U.S. government will hold trade talks with Taiwan in a sign of support for the island democracy that China claims as its own territory, prompting Beijing to warn Thursday it will take action if necessary to "safeguard its sovereignty."

The announcement of trade talks comes after Beijing fired missiles into the sea to intimidate Taiwan after U.S. House Speaker Nancy Pelosi this month became the highest-ranking American official to visit the island in 25 years.

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Finance committee asks govt. to provide 'realistic' numbers for state budget

The Finance and Budget Committee, headed by MP Ibrahim Kanaan, convened Thursday to discuss the 2022 state budget law.

Kanaan asked the government to give realistic numbers for the so-called customs dollar that will determine the LBP to USD exchange rate to be used to calculate customs on imports.

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