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Trump's Pledge to Kill Obamacare Faces Reality Check

With his shock victory in the race for the White House, President-elect Donald Trump at last is in position to deliver on one of his most strident campaign promises: to repeal Obamacare.

With fellow Republicans in control of the U.S. Congress, Trump has the means and ostensibly a mandate from his party to gut the law. But he may find the reality is more challenging.

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Asia-Pacific Leaders Defend Trade against Trump Tide

Asia-Pacific leaders are expected to send a strong message in defense of free trade Sunday as they wrap up a summit that has been overshadowed by U.S. President-elect Donald Trump's protectionism.

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Sri Lanka Stabilising after Bailout

Sri Lanka's economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday.

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United States Supports Farmers in Jezzine with New Table Olive Processing Facility

Chargé d’Affaires Danny Hall celebrated on Friday the completion of the first Table Olive Processing Facility in Jezzine District (located in Roum village).  The new facility was funded by USAID as part of the Building Alliance for Local Advancement, Development, and Investment (BALADI) program in partnership with the Union of Jezzine Municipalities. This assistance will increase fresh olive sales for 270 farmers in 28 villages of the Union and create 10 new jobs.

 

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Pacific Leaders Urged to Defend Free Trade after Trump Win

A summit of top world leaders was urged Friday to fight rising protectionism after Donald Trump's election victory stoked fears that free trade is under threat, and the global economy along with it.

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Pakistan 'War on Terror' Has Cost $118 bn

Pakistan's "war on terror" has cost the developing country a whopping $118 billion so far, a new central bank report has said, an amount equivalent to well over one third of its gross domestic product.

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France Cuts Economic Growth Forecast

France's economy is set to grow slightly less than expected this year, the finance minister said Friday, in another setback for President Francois Hollande as he weighs a re-election bid.

Michel Sapin said on Europe 1 radio that economic growth of 1.4 percent was "the figure we are working on for this year as an assumption."

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Malaysia Intervenes to Help Sagging Ringgit

Malaysia's central bank is intervening in markets to support the beleaguered ringgit, an official said on Friday, as regional authorities grapple with a surging dollar.

Bank Negara Malaysia Assistant Governor Adnan Zaylani replied "Yes" when asked by reporters on Friday whether the central back was intervening in the foreign-exchange market, Bloomberg News reported.

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France Probes 560 over Panama Papers Tax Evasion

French authorities said Thursday they are investigating 560 taxpayers over tax evasion based on information garnered in the leaked Panama Papers.

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HSBC Exits Lebanon with Sale of Unit to BLOM

HSBC bank on Wednesday said it had agreed to sell its business in Lebanon to Lebanese peer BLOM Bank for an undisclosed amount, ending a 70-year presence in the country.

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