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Global Markets Fall again as Covid Crisis Festers

Stock markets fell further Wednesday, as investors dumped risky shares on concerns that Europe's worsening coronavirus crisis could derail economic recovery, dealers said.

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Eurozone Economy Returns to Growth as Germany Revs Up

The eurozone economy returned to growth for the first time in six months in March, a closely watched survey said Wednesday, as coronavirus lockdowns had little effect on manufacturing, especially in Germany.

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Asian Markets Drop as Inflation Spectre Hangs

Asian markets fell Tuesday as investors extended recent sell-offs owing to long-running fears that the expected global recovery will force central banks to wind down their easy-money programmes earlier than hoped.

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Liberia to Print New Banknotes after Longstanding Shortages

Liberia has approved a scheme to print new banknotes, according to an AFP journalist, in a bid to address long-running cash shortages in the poor West African nation.

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Debt-Averse Germany to Take on Billions in New Borrowings

The German government will borrow a record 240 billion euros in 2021 and break its taboo on taking on new debt again in 2022, ministry sources said Monday, as Berlin looks to soften the economic blow of the pandemic.

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Sweden Airports to Charge High-Polluting Planes More

Sweden is planning to introduce a bonus-malus scheme at its two main airports in relation to the amount of greenhouse gas emissions that aircraft produce, the government announced Monday.

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Turkish Lira, Stocks Sink after Erdogan Fires Top Banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdogan's abrupt dismissal of his reformist central bank chief.

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Asia Markets Swing as Inflation Fear Tempers Recovery Hope

Asian markets fluctuated Monday as the battle between economic optimism and fears about the inflation and possible rate hikes the recovery will fuel continues to play out on trading floors.

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SGBL Chairman to Sue Judge Aoun in Europe, U.S.

International law firms hired by SGBL Bank chairman and CEO Antoun Sehnaoui have started preparing a series of lawsuits to be filed against Mount Lebanon Attorney General Judge Ghada Aoun in France, Switzerland, Belgium and the U.S., media reports said.

The lawsuits will accuse Aoun of “attempting to harm the reputation of Sehnaoui and the SGBL bank, especially that Sehnaoui owns a bank in the United States and another in France,” LBCI television said.

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Turkey Sacks Central Bank Governor after Interest Rate Hike

Turkey fired the governor of its central bank and replaced him with economist and former ruling party lawmaker Sahap Kavcioglu, according to a presidential decree published late on Friday, in a move likely to raise concerns over the bank's independence.  

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