The nations may agree to a production freeze, which could have an immediate impact on prices. Plus the other economic stories to look out for in the next seven days The Independent Hamish McRae September 26, 2016 If you have low expectations you won’t be disappointed – not a bad ... Read More »
Alfa cuts 4G rates after Harb call on telecoms to lower fees
Cellular operator Alfa took the first step to cut the prices of 4G and internet services following an appeal by Telecom Minister Boutros Harb to reduce charges in a bid to help Lebanese consumers. Alfa CEO and Chairman Marwan Hayek announced the launch of two new post-paid bundles offering discounts ... Read More »
Soros to invest $500 million to help refugees and migrants
Soros, who chairs the Open Society Institute, made the announcement Tuesday, following the first-ever U.N. summit on migrants and refugees and ahead of a meeting chaired by President Barack Obama to spur pledges to help the world’s 65.3 million displaced people. “Our goal is to harness the private sector for ... Read More »
Lebanon bank dollar liquidity down: Citi
A new report by Citigroup said that the amount of U.S. dollars at Lebanese banks has dropped by at least $2.5 billion due to the recent purchase of government eurobonds by the local lenders. “Bank U.S. dollar liquidity has fallen as a result of the cash purchase of eurobonds by ... Read More »
Banks are forgetting their social function
It is not only commercial banks that are creating problems (Communities count cost as high street banks vanish, 22 August). I act as treasurer to a small sports club and have, at the end of the summer, hundreds of pounds in match fees to bank in small change. Having changed ... Read More »
deadly attack has Bangladesh clothing industry on edge
Nothing has stopped Shirin Begum from going to work every day at a garment factory for more than 10 years – but last month’s deadly attack by Islamic militants in the capital, Dhaka, could change that. She walked to work in Dhaka even during Bangladesh’s never-ending general strikes, political violence ... Read More »
Saudi Arabia close to deal to buy $1.15bn worth of military equipment from US
The United States has approved the possible sale to Saudi Arabia of up to 153 tanks, hundreds of machine guns and other military gear in a deal worth $1.15bn. The announcement coincided with news that Saudi-led coalition warplanes had resumed air strikes on Yemen’s capital for the first time in ... Read More »
New trials for delivering goods by drones
The government’s getting together with the retail giant Amazon to start testing flying drones that can deliver parcels to your door. Amazon’s paying for the programme, which will look at the best way to allow hundreds of robotic aircraft to buzz around Britain’s skies safely. The company claims it’ll eventually ... Read More »
Yahoo Cuts $4.8 Billion Deal to Sell Core Business to Verizon
Yahoo was the front door to the web for an early generation of internet users, and its services still attract a billion visitors a month. But the internet is an unforgiving place for yesterday’s great idea, and Yahoo has now reached the end of the line as an independent company. ... Read More »
Asia stocks surge as fallout from Paris attacks recedes
تشرين الثاني 17, 2015 TOKYO- Asian stocks rose across the board on Tuesday following a surge on Wall Street overnight as investors clawed back losses that came on the back of last week’s Paris attacks. Meanwhile, expectations for a December rate hike by the Federal Reserve also kept the dollar on ... Read More »