Source: Sky News
A United Nations peacekeeping patrol was stopped Tuesday by residents in the southern Lebanese town of Siddiqin, Tyre district, after attempting to enter a local area without a Lebanese Army escort, according to local media.
Tuesday, June 3, 2025
Lebanese security forces have detained Mahmoud Ayoub, a Hezbollah member and financial director of the Ragheb Harb Hospital in the Nabatiyeh district, on charges of collaborating with Israeli intelligence, sources told Al-Arabiya’s Al-Hadath channel on Monday.
Tuesday, June 3, 2025
With the lifting of US sanctions, and considering Syria's potential to emerge as a regional economic model compared to Lebanon, several contrasts emerge. A first take is the announcement by the UAE of The Tartous Port development agreement which represents one of the most significant indicators of changing regional economic dynamics following sanctions relief. This agreement carries profound implications for regional trade flows. Historically, Lebanon's ports—particularly Beirut and Tripoli—served as primary gateways for regional commerce, including Syrian imports and exports. The development of Tartous as a modern deep-water port threatens to redirect significant trade volumes away from Lebanese facilities, potentially undermining one of Lebanon's few remaining economic advantages.
Wednesday, May 21, 2025
A 2019 report by the United Nations Office on Drugs and Crime (UNODC) estimated that Lebanon was the third largest source for ‘cannabis resin’ worldwide, only behind Morocco and Afghanistan. The UNODC estimated that roughly 6% of all the cannabis resin on earth originates in Lebanon.
Tuesday, May 20, 2025
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Thursday 21 April 2022 15:54:18
Price rises to offset an increase in costs within Tesla's supply chain has helped the company post a leap in profits and Elon Musk to $23bn (£17.6bn) in rewards.
The electric vehicle's founder and CEO, who is currently fronting an audacious $43bn bid for Twitter and takes no Tesla salary, is already the world's richest person by far.
He was deemed last night to have qualified for the payout after the company met performance goals during the first quarter of the year.
Those targets include Tesla's share price and financial performance, the latter of which shrugged off global supply chain disruption and production cuts in China - both linked to the COVID-19 pandemic.
Tesla, which also includes a solar panel division, reported revenue of $18.8bn for January to March - boosted by multiple price hikes meant to offset rising costs of lithium, nickel, cobalt and other raw materia
It took Tesla's pre-tax profit per vehicle delivered above $16,000 - a rise of more than 60% on the same period last year.
Net income came in above $3.3bn.
Shares - down more than 7% this year following a meteoric rise over the past 18 months which made Tesla the world's most valuable carmaker - rose by more than 5% in after-hours deals.
However, analysts cautioned that it may be harder for Tesla to post similar numbers later this year as its costs increase further.
The company is bringing new factories in Germany and Texas up to pace at a time when Russia's invasion of Ukraine is pushing up commodity costs further and squeezing consumer incomes - a consequence of rampant inflation.
It is also facing more competition.
Musk said on a conference call with analysts that Tesla's waiting lists remained long however he could not rule out further hikes to list prices saying: "We hope we don't need to increase the pricing further."
Despite the Chinese production and supply chain problems, Tesla reiterated its guidance of 50% annual average growth in vehicle deliveries over the next several years.
Musk admitted that lithium, used in battery production, was responsible for the bulk of the cost increases to date and "a limiting factor" to electric vehicle growth.
He encouraged companies to get into the lithium business, which he said would generate high margins thanks to high prices.
"The lithium margins right now are practically software margins... Do you like minting money? Well, the lithium business is for you," he said.
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