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The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine. The country experienced liquidity shortages in the years ...
The rapidly escalating conflict between Israel and Hezbollah in Lebanon is further threatening President Biden’s efforts to reduce tension in the Middle East, leaving the president with ever ...
The economy of Lebanon has been experiencing a large-scale multi-dimensional crisis since 2019, [25] including a banking collapse, the Lebanese liquidity crisis and a sovereign default. [26] It is classified as a developing, lower-middle-income economy. The nominal GDP was estimated at $19 billion in 2020, [4] with a per capita GDP amounting to ...
The Russian invasion of Ukraine has had a broad range of humanitarian impacts, both in Ukraine and internationally. These include the Ukrainian refugee crisis, the disruption of global food supplies, death and suffering of civilian population, widespread conscription in both Russia and Ukraine, severe effects on Ukrainian society and emigration of Russian population.
GENEVA (Reuters) -The U.N. human rights chief on Tuesday called on anyone with influence in the Middle East to seek to avert an escalation in hostilities between Israel and Hezbollah, as ...
The pope referred to the strikes in Lebanon in off-the-cuff remarks at the end of his hour-long audience. Francis, pope since March 2013, now regularly uses a wheelchair due to knee and back pain.
[37] [38] This precipitated an international crisis due to concerns over a potential invasion. Satellite imagery showed movements of armour, missiles, and heavy weaponry towards the border. [39] [40] The troops were partially withdrawn by June 2021, [41] though the infrastructure was left in place.
September 20, 2024 at 6:42 AM. BEIRUT (Reuters) -The batteries of the walkie-talkies used by Lebanese armed group Hezbollah that blew up this week were laced with a highly explosive compound known ...