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Oil drops toward $106 as Syria tensions ease

Progress in reaching a deal to eliminate Syria's chemical weapons helped put downward pressure on oil prices Friday. Benchmark oil for October delivery was down 31 cents to $106.09 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell...

Syria's war costs Lebanon billions of dollars

A World Bank report has said spillover from the Syrian war has cost Lebanon billions of dollars, deeply damaged its economy and harshly strained social services such as health and education. The new report, published on the website of Lebanese daily al-Safir on Thursday,...