BEIRUT When she heard Lebanese banks would limit cash withdrawals, Rita, a doctor, rushed out to buy a $10,000 (£7,608.03) Rolex watch on her credit card, anxious to protect some of her savings. "It's better than keeping my money in the bank," she said.
BEIRUT Lebanon's Hezbollah-backed government will be walking a political tightrope as it looks to secure urgent foreign funding to ward off financial collapse, and it may look to the International Monetary Fund for assistance.
BEIRUT Lebanon formed a new government on Tuesday under Prime Minister Hassan Diab after the Shi'ite group Hezbollah and its allies agreed on a cabinet that must urgently address an economic crisis.
BEIRUT An upsurge of violence in Lebanon's protests against the ruling elite, with police meting out beatings and protesters hurling stones, has alarmed rights groups and whipped up public fury.
BEIRUT, Jan 16 An upsurge of violence in
Lebanon's protests against the ruling elite, with police meting
out beatings and protesters hurling stones, has alarmed rights
groups and whipped up public fury.
Lebanon's central bank governor said on Thursday "nobody knows" how much more the cost of dollars could rise on the black market as a dire crisis piles pressure on a 22-year-old currency peg.
BEIRUT Tear gas engulfed central Beirut as security forces chased protesters near Lebanon's parliament on Sunday in a second night of street clashes that wounded dozens of people. | Video
BEIRUT Security forces fired tear gas and rubber bullets at Lebanese protesters in central Beirut on Saturday in clashes that went on into the night and wounded dozens of people.
NAGOYA, Japan Saudi Arabia is set to take over the G20 presidency for a year as it seeks to bounce back from an uproar over its human rights record and last year's killing of journalist Jamal Khashoggi.