Skip to main content

‘It feels like a failed state’: Lebanon's crisis deepens as it awaits bailout

Regime’s critics call for overhaul of system of patronage many say has reinforced widespread corruption Lebanon’s catastrophic economic collapse is gathering pace, with its currency shedding value daily, prices of essential foods out of the reach of many and talks that could unlock a desperately needed bailout crippled by what critics say is a determination by the ruling class to protect a broken system. The country’s collapse has led to meat and chicken prices tripling over the past fortnight, and scarcities of fuel and flour - amplified by the sale of state-subsidised supplies to neighbouring Syria where they get a better price for it, and sharply increasing hunger. Continue reading...
https://bit.ly/31VuVFx

Popular posts from this blog

Iraq appoints new prime minister after months of protests and jockeying

Intelligence chief Mustafa al-Kadhimi is regarded as being acceptable to both US and Iran Iraqi lawmakers have approved a new prime minister and government after six months without one as parties squabbled until the last minute over cabinet seats in backroom deals. The new prime minister, Mustafa al-Kadhimi, Iraq’s intelligence chief and a former journalist, will head the new government. He will begin his term without a full cabinet, however, after several ministerial candidates were rejected. Continue reading...
https://bit.ly/2WDaetH

GM investors want to know how much more coronavirus pain remains

Investors want to know what kind of economic hit General Motors Co expects from the coronavirus pandemic as it moves forward, whether it needs to raise further cash and when North American vehicle production will resume when it reports first-quarter results on Wednesday.
https://reut.rs/2W963Xa

Venezuela detains two Americans allegedly involved in failed raid to remove Maduro

President Nicolas Maduro claims men were among 13 ‘terrorists’ involved in plot to enter country via the coast and oust him Venezuelan authorities have detained two US citizens allegedly working with a US military veteran who has claimed responsibility for a failed armed incursion into the oil-producing country, President Nicolas Maduro said on Monday. In a state television address, Maduro said authorities arrested 13 “terrorists” on Monday allegedly involved in a plot he said was coordinated with Washington to enter the South American country via the Caribbean coast and oust him. Continue reading...
https://bit.ly/2zeUTHm