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Lebanon government on brink over blast fallout

Lebanon's government was teetering Monday as two ministers' resignations over the deadly Beirut port explosion threatened to snowball and protesters' fury on the scarred streets showed no sign of abating. The under-fire cabinet, struggling to weather the political storm, was due to meet in...

Macron hosts donor conference for Beirut, raises €250M

France’s President Emmanuel Macron led a virtual international donors conference Sunday to rush aid to Lebanon's capital city of Beirut, which suffered extensive damage last week from two devastating blasts. A total of 250 million euros ($294.5 million) was pledged by all countries...

Beirut port blast crater 43 metres deep: security official

The huge chemical explosion that hit Beirut's port, devastating large parts of the Lebanese capital and claiming over 150 lives, left a 43-metre (141 foot) deep crater, a security official said Sunday. The blast Tuesday, which was felt across the county and as far as the island of Cyprus,...

Saudi Aramco profits slump 73% on low oil price

Energy giant Saudi Aramco said Sunday its net profit for the second quarter plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The company posted a net profit of $6.6 billion for the three months to June 30, compared to $24.7...