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Protests Continue, Shops Close as Lira Hits Record Lows

Road-blocking protests continued Saturday in Lebanon and several shops closed in the northern city of Tripoli as the Lebanese lira plummeted to unprecedented lows.

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White House, Lawmakers Strike Deal on Infrastructure

U.S. President Joe Biden announced Thursday he has reached a deal with a bipartisan group of senators to rebuild the nation's infrastructure, likely unlocking the most funding for roads, bridges and ports in decades.

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Protests as Generator Operators Warn over Diesel Shortage

The head of the Association of Generator Owners in Lebanon, Abdo Saade, warned Wednesday that “the country’s situation has become dangerous with the disappearance of the diesel substance from the market, which has started to cause generator shutdowns.”

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European Stocks Rise at Open as Fed Eases Rate Fears

European stocks rose slightly at the open on Wednesday after Federal Reserve chief Jerome Powell eased market concerns over the timing of higher interest rates.

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Over 140 Stations Refuse to Receive Gasoline over Security Concerns

More than 140 gas stations have refused to receive gasoline from distributors because their workers are facing “troubles, blackmail and physical assault and are not being able to protect themselves,” the representative of distributors, Fadi Abu Shaqra, said on Tuesday.

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Bitcoin Drops under $30,000 for First Time in Five Months

Bitcoin fell underneath $30,000 on Tuesday for the first time in five months, hit by concerns over China's ongoing crackdown on the world's most popular cryptocurrency.

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Again, Crisis-Hit Lebanon Increases Bread Prices

Lebanon’s economy ministry announced on Tuesday a bread price hike, the fourth in almost a year, a move the government blames on end of subsidies on sugar as declared by the Central Bank of Lebanon, amid a plunge in the value of the local currency.

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Nissan CEO Promises Turnaround for Disgruntled Shareholders

Nissan Chief Executive Makoto Uchida pleaded for patience from disgruntled shareholders Tuesday and promised a turnaround at the Japanese automaker, which is projecting a third year of losses as it struggles to distance itself from a scandal over its former chairman, Carlos Ghosn.

"What we have worked on during years of hardship will bear fruit," Uchida said at the annual regular shareholders' meeting.

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Masnaa Road Blocked over Efforts to Curb Smuggling to Syria

Demonstrators blocked a highway connecting Lebanon and Syria on Monday with burned tires and metal bars, protesting a decision by Lebanese authorities aimed at curbing smuggling into Syria, Lebanon's official news agency reported.

The outcry was particularly striking because it comes amid a worsening fuel shortage in Lebanon that many blame on increased smuggling into Syria from the tiny country.

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U.S. and European Stocks Mostly Rebound; Bitcoin Slumps

U.S. and European stocks mostly rose Monday, bucking Asian losses as investors mulled the U.S. interest rate outlook, while bitcoin sank on news of a Chinese crackdown.

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