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Lebanon banks set for shake-out under sovereign debt revamp

Lebanon’s banks are poised for a major shake-out as a planned restructuring of government debt is set to leave many financial players illiquid, say bankers. Banks are the largest creditors of the government, which is set to default after saying it would stop paying its foreign currency...

Lebanon suspends flights after second coronavirus death

Lebanon on Wednesday suspended flights from countries hit hardest by the novel coronavirus after announcing its second death from the pandemic in two days. The Mediterranean nation has recorded at least 61 cases of COVID-19. Prime Minister Hassan Diab said Lebanon would suspend all...