Italy votes! Italians go to the polls on Sunday and are expected to elect Italy’s first far-right leader since World War II. Giorgia Meloni, 47, who leads the Brothers of Italy party (which has neo-fascist roots) is set to become Italy’s next prime minister. Polls indicate Brothers will win around a quarter of the vote, …

BEIRUT — Crisis-hit Lebanon hopes to pass key reforms demanded by the International Monetary Fund for a long-delayed but urgently needed bailout before the end of next month if there is “political will”, it said. on Tuesday the Lebanese Minister of Economy ad interim. Amin Salam spoke to The Associated Press after meeting an IMF …

The Jordanian foreign minister has signaled that the kingdom needs to clear more hurdles before it can start exporting electricity to Lebanon under a deal that has significant geopolitical implications for the region. Ayman Al Safadi told Saudi broadcaster Al Sharq TV that Jordan was still waiting for US exemption from sanctions imposed on the …

Lebanese Prime Minister-designate Najib Mikati speaks during a parliamentary session to discuss and approve the budget in Beirut, Lebanon September 16, 2022. Lebanese Parliament/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register September 16 (Reuters) – Lebanon’s parliament suspended talks on the 2022 budget on Friday after a walkout by lawmakers sent …

Some trees in Akkar province are over 100 years old, explains Mohammed Abdallah. A refugee from the war just across the Syrian border, Abdallah knows the forests of northern Lebanon well and has spent the past few days putting out a persistent fire that threatened an ancient forest near Qabeit. He is one of 80 …

Russian President Vladimir Putin has said the process of removing the dollar from the global economy is “inevitable” as his country faces “financial and technological aggression from some countries”. Addressing the Russian cabinet on Monday, Putin suggested discussing the country’s budget for the next three years. “There are disputes about what to pay more attention …

By DAVID McHUGH – AP Business Writer FRANKFURT, Germany (AP) — Europe is facing an energy crisis that is squeezing the finances of ordinary people and which, in just a few weeks, could turn into blackouts and factory closures. Already, many economists say a recession is on the way. The cause: Russia has choked off …

This article is an on-site version of our FirstFT newsletter. Sign up for our Asia, Europe/Africa or Americas edition to get it delivered straight to your inbox every weekday morning Hello. The pound fell to its weakest level since 1985, reflecting the scale of the economic challenge facing new Prime Minister Liz Truss as she …

Yes in Beirut in September, MIDDLE EAST CLEAN ENERGY 2022 The first clean and renewable energy fair and conference in Lebanon will be held from September 7 to 9 from 3 p.m. to 9 p.m. – 30 Speakers | 20 Companies | 80 Brands – It really is a great opportunity to meet hundreds of …

About 35 countries around the world are experiencing a major food crisis, 16 of which are also facing serious debt problems as inflation remains high and fertilizer costs rise to their highest level in more than a decade, according to the Institute of International Finance. Twenty-one countries are facing “chronic food insecurity crises” that reflect …

A large number of workers from different sectors protest against inflation and in favor of higher wages in Buenos Aires, Argentina on August 17, where inflation has soared. Pablo Barrera/Anadolu Agency via Getty Images hide caption toggle caption Pablo Barrera/Anadolu Agency via Getty Images A large number of workers from different sectors protest against inflation …

This article is an on-site version of our Disrupted Times newsletter. Sign up here to receive the newsletter straight to your inbox three times a week Good evening Another day, another “worse than expected” data. Today’s episode announced that inflation in the eurozone had risen from 8.9% to a new high of 9.1% in August, …

The one redeeming feature of the US-European siege of West Asia, one of the worst crimes of the 21st century, is that it forces a restructuring of international economic relations away from a Washington-centric unipolar world. For some time, international agencies have reported on the catastrophic impact of this siege, for example in Syria and …

Have a good day. Here are the stories for The Manila Times for Sunday August 28, 2022. Front issues P588B unscheduled funds The Deputy Speaker of the House of Representatives and Representative of Batangas, Ralph Recto, questioned the 588 billion pesos of unprogrammed funds submitted by the Department of Budget and Management (DBM), saying that …

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as inflation concerns remained front and center and slowing economic growth weighed on the housing market. Mortgage buyer Freddie Mac reported on Thursday that the 30-year rate rose to 5.55% from 5.13% last week. Last year, at this time, the rate was 2.87%. The …

Lebanon is the most angry nation in the world. According to data released by Gallup in early August, almost half of respondents (49%) said they regularly experience anger. Residents named the 2020 Beirut port explosion the covid-19 pandemic and an economic crisis as causes of their anger. The growing frustration in Lebanon is mainly directed …

US President Joe Biden’s administration will continue talks on releasing billions of dollars in assets held by foreigners in Afghanistan despite the presence of the late al-Qaeda leader Ayman al-Zawahiri in Kabul and procrastination by the Taliban and the Afghan central bank, according to three sources with knowledge of the situation. The decision to continue …

Hezbollah terror leader Hassan Nasrallah has warned of an “escalation” with Israel if Lebanese demands are not met in maritime border talks. In a televised speech for a Hezbollah event on Friday, Nasrallah denied any link between the Iranian-backed terror organization’s actions in the maritime dispute – which the United States mediated – and ongoing …

Oil prices rose on Thursday as strong U.S. fuel consumption data and expected Russian supply cuts later in the year offset concerns that a possible recession in developed economies could undermines demand. Brent crude futures climbed $1.27, or 1.4%, to hit $94.92 a barrel at 11:17 GMT. U.S. crude futures gained 93 cents, or 1.1%, …

RAMALLAH: Palestinians have expressed outrage after teams from an Israeli university launched a series of archaeological digs in a village north of Ramallah. Residents of Nabi Saleh said the excavations were taking place on their property, although representatives from Bar Ilan University and the Israeli Civil Administration said the site was classified as “state land” …

As Lebanon’s economic decline continues, UNICEF estimates that up to 13% of families are asking their children to work. Qatar has reportedly promised Lebanon to help support its collapsing education sector amid lingering economic problems, Lebanese media reported on Saturday. The news follows a visit by Lebanese Education Minister Abbas Halabi last week to Doha, …

Costs are down from peaks in the war in Ukraine, but still up from last year August 13, 2022 at 6:00 a.m. EDT A bombed grain silo with grain still on fire inside in Zasillya, Ukraine in July. (Wojciech Grzedzinski/For The Washington Post) Placeholder while loading article actions Many of the global food, fuel and …

By STAN CHOE and DAMIAN J. TROISE – AP Business Writer NEW YORK (AP) — Wall Street roared on Wednesday after inflation cooled more than expected last month, sparking speculation that the Federal Reserve might not be as aggressive in raising interest rates that we feared. The S&P 500 rose 1.9% amid a broad-based rally …

Comment this story Comment BEIRUT — The leader of the Lebanese militant group Hezbollah on Tuesday issued a warning to Israel’s sworn enemy over the maritime border dispute between the two countries, saying “any weapon” that manages to steal Lebanon’s wealth “will be cut off “. Hassan Nasrallah’s remarks came amid intensified US efforts to …

BEIRUT (AP) — The scheduled arrival Sunday of the first grain ship to leave Ukraine and cross the Black Sea under a wartime deal has been delayed, a Lebanese cabinet minister and the Lebanese embassy said. ‘Ukraine. The cause of the delay was not immediately clear and Marine Traffic, which monitors vessel traffic and vessel …

Pelosi leaves Taiwan after visit that fueled US-China rift TAIPEI, Taiwan (AP) — U.S. House Speaker Nancy Pelosi left Taiwan on Wednesday after meeting with the president and other officials during a visit that has heightened tensions with China. Pelosi and five other members of Congress traveled to South Korea, the next stop …

In Depth: After being returned to Lebanon without being allowed to seek asylum, two Syrian refugees are suing the Cypriot government over its pushback policy and hope their case will help end the deadly practice. When Ahmad* and Hussein* saw the Cyprus Coast Guard, they thought their perilous journey was over. In the fall of …

BEIRUT: In recent weeks in Lebanon, there has been a series of violent attacks and other crimes committed by Lebanese against Syrian refugees and vice versa. The attacks have led to an increase in discriminatory rhetoric targeting Syrian refugees in Lebanon, while popular support for their repatriation to Syria has also grown as the situation …

By MICHAEL LIEDTKE – AP Technology Writer BERKELEY, Calif. (AP) — Apple’s profits have tumbled in the past quarter, but the world’s biggest tech company is holding up better than many of its peers as the economy teeters on the brink of a recession. As it grappled with manufacturing headaches and inflationary pressures that vexed …