Central Bank governor Riad Salameh said Friday “the Lebanese Canadian Bank abides by Lebanese laws and international standards,” a day after the Treasury Department accused it of laundering hundreds of millions of dollars in drug profits for a cocaine smuggling organization with ties to Hizbullah.
The bank “receives the absolute support of the Central Bank,” Salameh said.Full Story
Scuffles and a fistfight erupted between allies and adversaries of President Hugo Chavez in Venezuela's National Assembly on Thursday, forcing security guards to separate two battling lawmakers.
It was the second scuffle among lawmakers since early January, when newly elected opposition lawmakers took their seats in a legislature that had for years been controlled almost exclusively by Chavez allies.Full Story
A suicide bomber in a school uniform attacked soldiers during morning exercises at a Pakistani army training camp Thursday, killing 31 troops and wounding 20 others, police and the military said.
The attack in the northwest town of Mardan showed that despite years of army operations against their hideouts along Pakistan's border with Afghanistan, Taliban and al-Qaida-linked fighters retain the ability to strike back. It was one of the worst attacks on security forces in recent months.Full Story
Nissan reported a 78 percent jump in quarterly profit and raised its full-year forecasts Wednesday as vehicle sales grew in North America, Europe and Asia, offsetting a weak performance in Japan.
Nissan's October-December net profit totaled 80.07 billion Yen ($976.4 million), up from 44.97 billion Yen a year earlier. Sales for its fiscal third quarter rose 5.3 percent to 2.103 trillion Yen ($25.6 billion).Full Story
The trappings of a determined protest movement — chanting, flags and raised fists — fill Tahrir Square, the hard-won enclave of those who seek a new Egypt. But some there fear an enemy within.
The boldest challenge ever to President Hosni Mubarak's three decades of authoritarian rule has so far failed in its singular goal to oust him immediately. And after initial euphoria over their defiance of a state once thought impregnable, protesters are increasingly uneasy that Mubarak or leaders he has chosen may manage to hang on to power.Full Story
More than six years after a U.S. Marine corporal was charged with desertion for allegedly faking his own kidnapping in Iraq, his family is once again making rumblings about clearing his name.
The effort, however, wouldn't play out in military court. Instead, the Utah family of Wassef Ali Hassoun contacted a Los Angeles publicist in search of a $1 million book and movie deal.Full Story
Rafael Nadal and Olympic skiing champion Lindsey Vonn won this year's individual Laureus Sports Awards on Monday, with Spain's World Cup winners taking the team prize.
The No. 1-ranked Nadal — winner of three Grand Slam tennis titles in 2010 — was named sportsman of the year, beating nominees including Los Angeles Lakers star Kobe Bryant, Filipino boxer Manny Pacquiao and Barcelona footballers Andres Iniesta and Lionel Messi.Full Story
Beirut Marathon Association founder May el-Khalil won this year's Laureus “Sport for Good Award” on Monday.
The No. 1-ranked tennis player Rafael Nadal — winner of three Grand Slam tennis titles in 2010 — was named sportsman of the year, beating nominees including Los Angeles Lakers star Kobe Bryant, Filipino boxer Manny Pacquiao and Barcelona footballers Andres Iniesta and Lionel Messi.Full Story
Crude oil prices rose back above $100 on Monday on lingering concerns over the impact of political uncertainty in Egypt.
Brent North Sea crude for delivery in March gained 75 cents to $100.58 per barrel in late morning London trade.Full Story
The superstar had only a brief cameo in the showcase, but his tightly choreographed moves and acrobatics marked the brief exhilarating moment of a surprisingly stale medley from the normally frenetic headliners, the Black Eyed Peas.
The Super Bowl performance was arguably the biggest stage yet for the quirky quartet, whose fusion of pop, dance and hip-hop have made them global superstars. But in the massive Cowboys Arena, the group appeared to be as stiff as frontman "will.i.am's" plastic hair hat.Full Story