currency crisis
Concerns mount as Lebanon struggles to take first steps out of crisis
Middle East
June 16, 2020
Concerns mount as Lebanon struggles to take first steps out of crisis
BEIRUT (Reuters) — Lebanon is struggling to take the first steps out of a deep financial crisis, with hopes of…
Beirut’s nightlife on the brink as pandemic compounds financial crisis
Middle East
June 15, 2020
Beirut’s nightlife on the brink as pandemic compounds financial crisis
BEIRUT (Reuters) — Beirut loves to party, even when the going gets tough. Which is often. The city and its…
Lebanese central bank to inject dollars as currency tumbles
Middle East
June 12, 2020
Lebanese central bank to inject dollars as currency tumbles
BEIRUT (AP) — Lebanon’s money changers said the country’s central bank agreed Friday to inject fresh dollars into the market…
Lebanese government meets after night of raging protests
Middle East
June 12, 2020
Lebanese government meets after night of raging protests
BEIRUT (AP) — Lebanon’s prime minister held an emergency Cabinet meeting Friday after a night of raging protests that saw…
Lebanese pound slides further despite new pricing system
Middle East
June 10, 2020
Lebanese pound slides further despite new pricing system
BEIRUT (Reuters) — Lebanon’s battered pound currency has slid to fresh lows against the US dollar despite a new pricing…
Lebanon deescalates sectarian clashes after tense night
Middle East
June 8, 2020
Lebanon deescalates sectarian clashes after tense night
BEIRUT (AP) — The Lebanese military on Sunday said overnight riots and sectarian tensions in central Beirut and other areas…
Ethiopian domestic workers stranded in crisis-hit Lebanon
Middle East
June 4, 2020
Ethiopian domestic workers stranded in crisis-hit Lebanon
BEIRUT (AP) — Dozens of domestic workers gathered outside the Ethiopian consulate in Beirut on Thursday, some inquiring about flights…
On debt-stricken Lebanon, investors see little room for optimism
Middle East
May 29, 2020
On debt-stricken Lebanon, investors see little room for optimism
LONDON (Reuters) — Emerging market investors are no strangers to sovereign debt crises, but few have been as perilous as…
For Lebanese families made poor by crisis, dinner means bread and no meat
Middle East
May 28, 2020
For Lebanese families made poor by crisis, dinner means bread and no meat
BEIRUT (Reuters) — At a street market in southern Beirut, Lebanese crowd around volunteers handing out free rations of bread…
Lebanon’s migrant workers’ plight worsens as crises multiply
Middle East
May 26, 2020
Lebanon’s migrant workers’ plight worsens as crises multiply
BEIRUT (AP) — Long before the pandemic struck, they lived and worked in conditions that rights groups called exploitative —…