Lebanon: Dollars shield some from hyperinflation crisis
13 August 2021 | 5:35 pm
The Lebanese currency has lost up to 90% of its value, and prices are soaring. Most Lebanese are fighting a daily battle for survival and only a few profit from the skyrocketing exchange rates for the US dollar.
Consumer demand is driving continued recovery, but Europe's largest economy grew by a less-than-expected 1.8% in the third quarter. Supply chain hold-ups prevented some manufacturers from producing at full capacity.
World leaders are gathering in Rome this weekend for the first in-person G20 summit since the pandemic. Thousands of protesters marched to demand climate action.
Handing the win to pharmaceutical companies, the judge said the plaintiffs hadn't proven that deceptive marketing by the firms led to a rise in unnecessary opioid prescriptions.
German Foreign Minister Heiko Maas has accused Belarusian leader Alexander Lukashenko of "unscrupulously exploiting" the migrants by sending them towards Poland.
The UN's World Food Program has warned that half of Afghanistan's population is facing an acute hunger crisis, with millions forced to choose between "migration or starvation" amid drought and economic collapse.
Lebanon is once again caught in a regional rivalry between Saudi Arabia and Iran. A diplomatic row with the Gulf states could add to the country's political instability and economic crisis.
As the situation on the border between Poland and Belarus is deteriorating dramatically for thousands of migrants, others are trying to get into the EU via the Baltic states.
Belarus has signaled its intention to talk with the EU over the humanitarian situation at the Polish-Belarusian border. But the deadlock has proven fatal for some of the thousands stranded while trying to reach the EU.
Anti-government protests have broken out in Cuba, with thousands of people voicing their anger over shortages of food and other basic goods. The country is grappling with the worst economic crisis since the fall of the Soviet Union and a record number of COVID-19 cases.
Polish security forces report multiple attempts by migrants to cross the border and detain over 100. A migration policy expert says Poland is flouting EU law.
Poland's PM Mateusz Morawiecki slammed Belarus' efforts to use migrants as "weapons" against the bloc ahead of talks with EU leaders. He also accused Belarus of having the "back-room support" of Russian President Putin.
More than half of families in Lebanon had at least one child who skipped a meal by October 2021 amid a "dramatic deterioration of living conditions", the UN's children's fund UNICEF said in a report released on Tuesday (November 23). Children have been hit hard by the country's deep economic crisis exacerbated by the global coronavirus pandemic which has left about eight in 10 people poor and threatens the education of some 700,000 children including 260,000 Lebanese, the report said.
17 mins ago
French fashion designer Thierry Mugler, who dressed Beyonce and Lady Gaga, has died aged 73, according to a statement on Mugler's official Facebook page confirming earlier French media reports. Mugler, who reigned over fashion in the 1980s, was known for his daring theatrical designs featuring broad shoulders and plunging necklines. He dressed the likes of Beyonce, Lady Gaga, David Bowie, Diana Ross and Duran Duran - among many others - during his career at the top of the fashion industry.
17 mins ago
Residents in Burkina Faso's capital Ouagadougou on Monday celebrated the detention of President Roch Kabore. Singing and chanting, many walked, some rode motorbikes, to Guillaume Oueadrogo army camp. Kabore has been detained at a military camp by mutinying soldiers, four security sources and a West African diplomat said on Monday.
18 mins ago
People arriving in England from abroad will no longer have to take Covid-19 tests if they have been vaccinated, British Prime Minister Boris Johnson said on Monday, ahead of an expected announcement.
1 hour ago
A four-year-old girl missing for 18 days in a remote part of Western Australia has been found alive and well in a locked house, police have said. "They found little Cleo in one of the rooms," Deputy Commissioner Col Blanch from WA Police said in a statement.
1 hour ago
A London court says WikiLeaks founder Julian Assange can appeal a point of law on his extradition to the United States. However, his lawyers will have to ask the Supreme Court directly if it will review the actual case.
1 hour ago
Sub-Saharan Africa has the highest rate of education exclusion globally, according to the UN. Nearly 60% of youth aged 15 to 17 are not in school. Activists on the continent are now fighting to change that.