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Lebanese major retailers to shut down amid economic crisis

Major retailers in Lebanon announced Thursday they will temporarily shut down in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plunges against the dollar. Later in the day, owners of the businesses rallied in central Beirut...

Oil prices gain on fall in U.S. crude stockpiles

Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. Brent crude LCOc1 futures were up 21 cents or 0.5% at $42.24 a barrel by 1114 GMT,...

Former Libya envoy accuses Security Council of 'hypocrisy'

 A former UN envoy to Libya has accused the Security Council of "hypocrisy" and of undermining his efforts to bring peace to the war-torn North African country. In a podcast interview aired Tuesday, Ghassan Salame said the majority of the UN Security Council supported the military...