As Lebanon descended into economic crisis, the country’s currency sank with it, officially entering hyperinflation this week. The decades-old fixed exchange rate has given way to a black market and …
Lebanon swings between humor and tragedy as economy crumbles
There are few bright sides to life in Lebanon whose economy is verging on complete breakdown. But while some have shown sympathy with those committing ‘hunger crimes,’ others have taken to barter and …
France pledges $17 million to Lebanon’s struggling schools
France’s visiting foreign minister pledged Friday €15 million ($17 million) in aid to Lebanon’s schools, which are struggling under the weight of the country’s major economic crisis. Jean-Yves Le …
Iran says U.S. warplanes harassed commercial flight over Syria
Iran says a pair of U.S. warplanes harassed an Iranian airliner after it left Tehran late Thursday bound for Lebanon.
IMF plan only option for Lebanon, says France’s Le Drian
BEIRUT, July 23 (Reuters) – French Foreign Minister Jean-Yves Le Drian said on Thursday that Lebanon had no alternative other than an International Monetary Fund programme to help the country out …
Graphic: Lebanon follows Venezuela into hyperinflation wilderness
Hyperinflation has blighted Zimbabwe, Venezuela and the former Yugoslavia among others over the years. Now, Lebanon has been gripped by the phenomenon, becoming the first country in the Middle East …
Gov. Wolf played politics by holding Lebanon’s coronavirus money | John Baer
money to help small business, first responders, non-profits, those with mental health issues and more. It should have been distributed by July 15. All counties get such funding, some directly from the …
‘Help Us Help You’, France Tells Crisis-Hit Lebanon
Lebanon entered negotiations with the International Monetary Fund (IMF) in May after defaulting on its hefty foreign currency debt. But the talks have been put on hold in the abse …
French FM Scolds ‘Passive’ Lebanon Leadership
Yves Le Drian scolded Lebanon’s leadership Thursday for failing to take the measures he said are necessary to save the country from collapse. Lebanon is in the midst of its worst economic crisis since …
French foreign minister in Lebanon to push reform
Yves Le Drian has arrived in Lebanon on a visit aimed at pressing Beirut to implement long-overdue reforms and dissociate from regional conflicts, both seen as key to unlocking international aid. Le …