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EU leaders play down bank risks as economy weakens

BRUSSELS (AP) — European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine. After a meeting in Brussels, the EU government heads said...

Lebanon to construct new terminal at Beirut airport

BEIRUT (AP) — Lebanon will construct a $122 million terminal at Beirut’s Rafik Hariri International Airport to be operated by a leading Irish airport company when it's completed in four years, officials said Monday. Lebanon’s only international airport had a major facelift after the...

Europe's central bank backs big rate hike despite bank chaos

FRANKFURT, Germany (AP) — The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The...