financial crisis

Hezbollah leaders tell French president to change approach
Middle East

Hezbollah leaders tell French president to change approach

BEIRUT (AP) — The leader of the militant Hezbollah group said Tuesday they still welcome the French initiative to help…
Aoun warns Lebanon going to hell unless government agreed
Middle East

Aoun warns Lebanon going to hell unless government agreed

BEIRUT (Reuters) – President Michel Aoun warned on Monday Lebanon was going “to hell” if a new government could not…
Turkey crunch would pack only weak punch for emerging markets
Economy

Turkey crunch would pack only weak punch for emerging markets

LONDON (Reuters) — Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies…
UN urges governments to tackle recession, scrap debt payment
World

UN urges governments to tackle recession, scrap debt payment

UNITED NATIONS (AP) — More than 60 UN agencies and international organizations urged governments on Thursday to take immediate steps…
Coronavirus delivers tough blow to Lebanon’s dying economy
Middle East

Coronavirus delivers tough blow to Lebanon’s dying economy

BEIRUT (AP) — Through 15 years of civil war and various bouts of violence since, Lebanon’s Barbar eatery never closed…
Lebanon to stop paying back all debt in foreign currencies
Middle East

Lebanon to stop paying back all debt in foreign currencies

BEIRUT (AP) — Lebanon will stop paying all maturing Eurobonds in foreign currencies amid a crippling economic and financial crisis…
Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief
Middle East

Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief

Lebanon’s powerful Hezbollah movement, which has strongly opposed foreign interference in the country’s crisis-hit economy, said Friday it could accept…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
Middle East

Starved of dollars and drowning in debt, Lebanon’s economy sinks fast

BEIRUT (Reuters) — After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales…
Exclusive: Lebanon waiting to hear if creditors will cooperate or sue: minister
Middle East

Exclusive: Lebanon waiting to hear if creditors will cooperate or sue: minister

BEIRUT (Reuters) – Lebanon is waiting for bondholders to decide whether they will cooperate in a debt restructuring or pursue…
Lebanon hopes debt talks could be wrapped up within nine months: minister
Middle East

Lebanon hopes debt talks could be wrapped up within nine months: minister

BEIRUT (Reuters) – Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the…
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