China's export growth jumped to the highest in over two decades, official data showed Sunday, with imports also surging in a sharp bounceback from the coronavirus outbreak that had brought activity to a near halt.
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To feed her family, Lebanese mother Sandra al-Tawil sold her fridge and washing machine. Now she fears the cash-strapped state will scrap food subsidies, plunging them deeper into poverty.
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Members of the OPEC group of oil producers and allies are expected to raise output in a meeting Thursday, in response to a rebound in demand and prices.
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The Association of Banks in Lebanon on Wednesday categorically denied media reports linking banks to a dramatic surge in the dollar exchange rate on the black market.
“The requirements of banking liquidity abroad, as stipulated by the central bank according to Circular 154, exceed $3.4 billion sector-wide, so is it reasonable for banks to draw them from the local black market whose volume does not exceed a few million dollars?” ABL said in a statement.
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Asian markets rose Wednesday following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
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Syria's pound hit a new low against the dollar on the black market Tuesday, a foreign exchange website and currency traders said, in the latest blow to the war-battered economy.
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The rollercoaster saga of former Nissan chief Carlos Ghosn has made international headlines, from his shock 2018 detention in Japan to his audacious escape the following year.
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Asian markets struggled Tuesday to maintain a global rebound from last week's rout as the improving economic outlook and vaccine rollouts were offset by lingering worries that valuations may have run too far.
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Lebanon's central bank was to start reviewing the country's banks Monday as it faces international pressure for banking sector reform amid its worst economic crisis in decades.
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The United Nations chief warned Monday of a "death sentence" for war-torn Yemen as a donor conference yielded less than half the funds needed to prevent a devastating famine.
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