Tag: Financial crisis
Syria to send Lebanon emergency oxygen supply for hospitals
BEIRUT — The government of war-torn Syria said Wednesday it will send emergency oxygen supplies to neighboring Lebanon, which has experienced shortages amid a...
Saudi oil giant Aramco reports 30% drop in payments to state
DUBAI, United Arab Emirates — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company reported...
Cabinet formation talks in Lebanon collapse amid crisis
BEIRUT — Talks on the formation of a new Cabinet in Lebanon collapsed Monday, heralding more economic and financial collapse for the small Arab...
Women mark Mothers’ Day in Beirut with march to damaged port
BEIRUT — Dozens of women, including mothers who lost their children in the massive Beirut explosion last year marched to the still-damaged scene of...
World Rugby stays in-house in hiring new chief executive
DUBLIN — World Rugby made the in-house move of hiring Alan Gilpin as the governing body’s chief executive, tasking the English official with leading...
Lebanese PM-designate: Cabinet needed to restore trust, hope
BEIRUT — Lebanon’s prime minister-designate said Thursday that a government that could restart talks with the International Monetary Fund was the only way to...
Lebanese are gripped by worry as economic meltdown speeds up
BEIRUT — Shops closing, companies going bankrupt and pharmacies with shelves emptying — in Lebanon these days, fistfights erupt in supermarkets as shoppers scramble...
Fed to end relaxed capital requirements for large banks
WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...
Who deserves credit? Biden leans into pandemic politics
WASHINGTON — In President Joe Biden's war against the coronavirus, former President Donald Trump hardly exists.
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In war-torn Syria, uprising birthplace seethes 10 years on
BEIRUT — Daraa was an impoverished, neglected provincial city in the farmlands of Syria’s south, an overwhelmingly Sunni Muslim backwater far from the more...