Posts in category

Lebanon Recession


The cost of food and other basic items continues to climb in the United States, with the rate of inflation reaching a 31-year high. In October, the inflation rate remained above 5% for the fifth consecutive month, according to a World Street Journal report. The Consumer Price Index (CPI) rose 6.2% in October from the …

On Christmas Day in 1914, British and German troops emerged from World War I trenches as weeks of bad weather have dissipated and called for a truce. It was spontaneous and not approved by superiors, but many soldiers on both sides ended up participating. Football matches were played between British and German troops before they …

Remittances to low- and middle-income countries are expected to have increased by 7.3% to reach $ 589 billion in 2021. This return to growth is more robust than previous estimates and follows the resilience of flows in 2020, when remittances fell only 1.7%. despite a severe global recession due to COVID-19, according to estimates in …

By KEN SWEET AP Commercial Writer NEW YORK (AP) – A fierce battle is waged in Washington over President Biden’s choice to head a generally low-profile agency that oversees the banking industry. Willow Omarova, 55, was appointed in September to be the country’s next currency controller. If confirmed, she would be the first woman and …

Automakers and dealers are on track to spend less on advertising this holiday season, industry executives and analysts said, and they’re not alone as supply chain disruptions leave less advertising to advertisers. DETROIT (AP) – Take a step back from picked-up store shelves, stalled container ships, and empty auto showrooms, and you’ll find the root …

By STAN CHOE AP Business Writer NEW YORK (AP) – Wall Street skeptics are gone. As the stock market hit record highs – undefeated by recession, pandemic or dangerous bubble warnings – activity fell to an almost two-decade low for traders known as short sellers , who make their money betting stocks will fall. It …

3) ITV chairman under pressure from shareholders Sir Peter Bazalgette is facing an investor rebellion over his role in an obscure investment trust amid allegations that he and other directors presided over a corporate governance fiasco. 4) Wall Street raider threatens to blow up online fashion world Activist investor Dan Loeb has raised expectations of …

By CHRISTOPHER RUGABER Writer in economics of AP WASHINGTON (AP) – US employers ramped up hiring last month, creating 531,000 solid jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown. Friday Ministry of Labor report also showed that the unemployment rate fell to 4.6% …

DUBAI: As world leaders gather in Glasgow for the COP26 summit, the untapped potential of hydrogen among other alternative energy sources has caught the attention of experts and delegates who visited the Scottish city to explore ways to mitigate climate change. Hydrogen fuel has become a viable competitor for the energy transition as heat-trapping greenhouse …

Bond yields have fallen. The 10-year Treasury yield fell to 1.55% from 1.57% on Monday night. Crude oil prices fell 0.9% and weighed on energy stocks. Wall Street has focused on a steady stream of corporate profits over the past few weeks. The results helped generate gains for major indices after a turbulent summer when …