Eurozone stock markets sank Friday but London rose on a weak pound after news of a surprise opinion poll two weeks before Britain's general election.Full Story
Wall Street opened lower on Friday, pointing to a possible end of a six-day winning streak ahead of a holiday weekend.Full Story
The U.S. economy grew much faster than originally reported in the first quarter due to sharp increases in business and consumer spending, the Commerce Department reported Friday.Full Story
Elevate Accelerator, in partnership with UNICEF, Google Developers Launchpad and Hult Prize organized the Elevate Startup Sprint Competition between 200 entrepreneurs to announce the following official three winners of the final pitch at Beirut Digital District: The Architect Namir El Andary for “Creative Prisons”, Hisham Ramadan for “HMC” and Rabih Maalouf for “Bit Salvation”.Full Story
Saudi Arabia expects the likely extension of a deal among 24 oil producers cutting production will ease the global crude glut sufficiently by early 2018, Riyadh's energy minister said Thursday.Full Story
OPEC and other oil producers appear set to extend production cuts in an effort to shore up prices. But the hoped-for benefits could be short-lived.
That's due to U.S. shale producers. With prices above $50 from lows of last year, they are increasingly moving back into the market. Their output already is partially offsetting the cuts, and even more U.S. companies are poised to return if prices rise further.Full Story
Hong Kong on Thursday hit back at a decision by Moody's to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.
The move was announced hours after the firm downgraded China for the first time in almost three decades citing concerns about its ballooning debt and slowing economic growth.Full Story
The European Central Bank said Wednesday that stress in the eurozone financial system had remained low over the past six months, but it warned of "significant" risks to that stability.Full Story
Moody's ratings agency downgraded China's credit score for the first time since 1989 on Wednesday on fears that the country will struggle to tame its rising debt as economic growth slows down over the coming years.
The agency lowered China's long-term local currency and foreign currency issuer ratings to A1 from Aa3, but said its outlook changed from "negative" to "stable".Full Story
Prime Minister Saad Hariri has given his official support to the 22nd edition of Project Lebanon, confirming the exhibition’s position as the largest business event in the country.Full Story