The United Nations is will create a global fund to prevent the spread of coronavirus and support the treatment of patients worldwide, Norway said on Monday. The money will be aimed at helping developing countries with weak health systems in addressing the immediate crisis and tackling the long-term consequences. Norway, which ... Read More »
Finance Ministry: Lebanon Suspends Payment of all Eurobonds in Foreign Currency
The Finance Ministry announced on Monday that Lebanon is going to “suspend” payments on all its Eurobond in foreign currency after defaulting on its $1.2 billion March 9 debt to safeguard dwindling foreign currency reserves. The Ministry said in an English-language statement released today: “On March 7, 2020, Lebanon announced ... Read More »
BDL Asks Banks to Offer Emergency Loans for Salaries, Businesses
Banque du Liban on Monday called on Lebanon’s banks and financial institutions to grant extraordinary Lebanese lira or US dollar loans to clients already benefitting from loans granted in the past, in light of the new economic strains inflicted by the coronavirus crisis. The central bank said the new loans ... Read More »
Breaking: 11 New Coronavirus Cases in Lebanon, Total of 267
The National Operation Room for Disaster Management revealed in its daily COVID-19 report that 11 new coronavirus cases have been recorded in Lebanon. On Monday afternoon, March 23rd, the Operation Room released its 5th COVID-19 report. This report came a few hours after that of the Ministry of Public Health. ... Read More »
Abdel Samad: To Make Coronavirus Awareness Video In Sign Language
Minister of Information, Manal Abdel Samad, requested in a tweet on Monday, the production of a video where sign language would be used to raise awareness about the novel coronavirus, in support for people with special needs. “Within the framework of our continuous endeavor to disseminate correct information, and in ... Read More »
Global coronavirus cases cross 350,000, death toll passes 15,000 as pandemic takes hold
Confirmed infections of the rapidly spreading coronavirus surpassed 350,000 worldwide on Monday and global deaths rose past 15,000, as COVID-19 spreads across Europe and North America. COVID-19 has now infected more than 350,536 people, according to Johns Hopkins University, and killed at least 15,328 people. More than 100,000 people of ... Read More »
Global economy will suffer for years to come, says OECD
The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned. Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis. He told the BBC it was “wishful thinking” to believe that countries would bounce ... Read More »
Coronavirus pandemic leading to huge drop in air pollution
Largest scale experiment ever’ shows what is possible as satellite images reveal marked fall in global nitrogen dioxide levels The coronavirus pandemic is shutting down industrial activity and temporarily slashing air pollution levels around the world, satellite imagery from the European Space Agency shows. One expert said the sudden shift ... Read More »
Breaking: 18 New Coronavirus Cases in Lebanon, Total of 248
Lebanon now has a total of 248 coronavirus (COVID-19) cases, as confirmed by the Ministry of Public Health on Sunday, March 22nd. In its daily COVID-19 report, the Health Ministry stated: “From February 21st until March 22nd, 2020, the total of laboratory-confirmed COVID-19 cases has reached 248 after 18 cases ... Read More »
Abdel Samad warns of ‘Stage 4 Coronavirus Outbreak’
Minister of Information, Dr. Manal Abdel Samad Najd, warned in an interview with “Radio Lebanon” on Sunday, against “the danger of accelerating our move towards the fourth stage of the spread of the Coronavirus if we do not take the necessary measures, whether on part of the state and all its ... Read More »