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U.S. Slams Huthi Attack on Saudi Refinery as Bid to 'Disrupt Global Energy Supplies'

The United States on Friday condemned the drone strike on a Saudi oil refinery claimed by Yemen's Huthi rebels, calling it an attempt to "disrupt global energy supplies."

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Higher Gasoline Prices Fuel Canada Inflation

Canadian inflation rose 1.1 percent in February from a year earlier as gasoline prices increased for a third straight month, the government said Wednesday.

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U.S. Senate Confirms Tai as Top Trade Negotiator

The U.S. Senate on Wednesday confirmed Katherine Tai as President Joe Biden's top trade enforcer and negotiator.

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Lebanon to Reopen Restaurants, Gyms, Nurseries, Gambling Centers

Lebanon will on Monday begin the fourth phase of its reopening plan following a strict coronavirus lockdown aimed at curbing soaring cases.

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Money Changers Welcome Measures Announced by Presidency, BDL

The Syndicate of Money Changers in Lebanon on Friday welcomed measures announced by the Presidency and the central bank to rein in the dramatic fluctuations in the dollar exchange rate on the black market.

In a statement, the Syndicate said the move to return the currency exchange operations to “legitimate money changers” and to act against “the ghosts of the black market” will contribute to “stabilizing the dollar exchange rate after the confusion that affected all commercial sectors and aggrieved citizens.”

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BDL Allows Banks to Conduct Exchange Transactions to Control Currency Depreciation

The Central Bank of Lebanon announced on Friday that it will allow local banks to conduct currency transactions similar to money exchange shops and will step in to control the uncontrollable exchange rate of the dollar, the presidency announced.

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Markets Sink as Rate Hike Fears Trump Recovery Optimism

Asian and European stocks fell on Friday as the euphoria from the US Federal Reserve's upbeat economic outlook was eclipsed by fears the recovery will fan inflation and interest rate hikes sooner than anticipated.

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Lebanese are Gripped by Worry as Economic Meltdown Speeds Up

Shops closing, companies going bankrupt and pharmacies with shelves emptying — in Lebanon these days, fistfights erupt in supermarkets as shoppers scramble to get to subsidized powdered milk, rice and cooking oil.

Like almost every other Lebanese, Nisrine Taha's life has been turned upside down in the past year under the weight of the country's crushing economic crisis. Anxiety for the future is eating at her.

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Lebanese Firm to Import Million Doses of Sputnik V Vaccine

Lebanese private company Pharmaline will import one million doses of the Russian coronavirus vaccine Sputnik V, the owner of the company said.

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Google to Invest over $7 bn in US, Create 10,000 Jobs

Google will invest more than $7 billion in the United States this year and create thousands of jobs, the tech giant's CEO said Thursday.

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