Latest stories
Drive Dentsu Beirut does it again!

Drive Dentsu Beirut has proven that creativity and simplicity can go a long way… all the way to the esteemed Cresta International Advertising Awards.

Further to being named finalists at the competition, the MoneyGram “Flags” campaign managed to nail a bronze in the toughest and most coveted categories: outdoor, leaving the agency as the sole winner from Lebanon.

W140 Full Story
Kentucky Fried Chicken Shuts its Doors in Syria

U.S. fast-food chain Kentucky Fried Chicken has closed the doors of its last remaining branch in Syria due to economic and supply problems, shopkeepers in Damascus told Agence France Presse.

The branch in the upscale Abu Rummaneh neighborhood of Damascus is the last of seven KFCs in Syria to have shuttered.

W140 Full Story
German Industrial Orders Rise in September

German industrial orders, a key measure of demand for German-made goods both at home and abroad, rose sharply in September, data showed on Wednesday.

Industrial orders rose by 3.3 percent in September compared with the level in August, buoyed by a disproportionately large number of big-ticket orders, the economy ministry said in a statement.

W140 Full Story
China Seeks World Role for 'People's Money'

With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.

The most attention-grabbing reform planned for Shanghai's new free trade zone is free convertibility of the yuan -- also known as the renminbi, or "people's money" -- an unprecedented change which would allow greater use of the currency.

W140 Full Story
Japan Mob Loans Scandal Claims another Lender

A major Japanese credit company said Wednesday it had lent money to yakuza gangsters in a widening scandal that is sweeping through the country's banking system.

The admission by JACCS, a unit of Japan's largest lender Mitsubishi UFJ Financial Group, is the latest in a growing line and comes as a government agency says it will buy shady loans to help companies keep their balance sheets clean.

W140 Full Story
Indonesia's Lion Group Eyes Bombardier Order

The parent company of Indonesia's Lion Air said Wednesday it hopes to strike a deal for at least 50 Bombardier passenger jets next year, a purchase with a list price of more than $3 billion.

It would be the latest huge bet on Indonesia's booming aviation sector by Lion Group, which has in recent years struck two of the world's largest plane orders, worth $46 billion.

W140 Full Story
Hagel: Budget Cuts Will Mean Leaner U.S. Force

America will need to scale back the size of its armed forces in the face of deep budget cuts and rely less on military power alone, Pentagon chief Chuck Hagel said Tuesday.

Fiscal pressures coupled with new strategic realities will require a reorganization of the force that enjoyed massive budgets in the years after the attacks September 11, 2001, the U.S. defense secretary said.

W140 Full Story
British Lawmakers Call for Probe into Prince Charles's Taxes

British lawmakers called Tuesday for an investigation into the tax paid by Prince Charles's estate, arguing that it may have an "unfair advantage" over commercial competitors because it is exempt from some taxes.

The heir to the throne's estate, the Duchy of Cornwall, owns more than 53,000 hectares (131,000 acres) of land and has a financial portfolio.

W140 Full Story
Syria Pound Surges against Dollar

The severely weakened Syrian pound has surged against the dollar in recent days, a trader said Tuesday, with experts pointing to central bank intervention and developments favorable to the regime.

"The dollar was being exchanged on Tuesday at 115 to 123 Syrian pounds, while it was worth more than 160 pounds last week," the trader told Agence France Presse.

W140 Full Story
Don't Let Spying Row Taint Trade Talks, Kerry Urges EU

U.S. Secretary of State John Kerry on Tuesday urged European leaders not to allow a row over alleged U.S. spying to disrupt talks with the EU to create the world's largest free trade zone.

And he renewed calls for U.S. partners to voice their concerns with Washington in order to strengthen "intelligence relationships" in the future.

W140 Full Story