Source: Sky News
Justice Minister Adel Nassar surprised both Deputy Prime Minister Tarek Mitri and a visiting Syrian delegation by requesting that the new Syrian authorities provide Beirut with all available files and information on all political assassinations witnessed in Lebanon, as well as details on Lebanese citizens missing in Syria, such as Boutros Khawand.
Monday, October 6, 2025
Interior Minister Ahmad Al-Hajjar on Friday called for the dissolution of the “Lebanese Association for Arts – Risalat” and the revocation of its official license following the group’s unauthorized illumination of Beirut’s Rawshe Rock landmark.
Friday, October 3, 2025
Nearly a year after the end of Syria’s civil war and the fall of the Assad dictatorship, the country has embarked on a long and complex reconstruction process. The destruction is staggering: entire neighborhoods lie in rubble and basic infrastructure (roads, power grids, and water systems) has collapsed, and public institutions are dysfunctional. Millions of Syrians remain displaced inside and outside the country, schools and hospitals are incapacitated, and what remains of the economy is crippled by unemployment, inflation, and the lingering impact of sanctions (even as many have lately been eased). Ongoing sectarian violence and a deepening humanitarian disaster, with more than 14.5 million Syrians facing food insecurity, compound the crisis. As the international community re-engages in Syria, reconstruction will require many hundreds of billions of dollars in aid and investment as well as assistance to restore governance, security, and stability.
Thursday, September 25, 2025
Recently, during the session of a Lebanese parliamentary committee on a new election law, two of the country’s Shiite parliamentarians, one from Hezbollah and the second from the Amal Movement, floated an idea the government in Beirut should examine closely. The two MPs, Ali Fayyad and Ali Hassan Al Khalil, called for reform of the political system and full implementation of all the stipulations of the Taif Accord of 1989 – the agreement that ended Lebanon’s civil war and sought to update its confessional political model.
Wednesday, September 24, 2025
Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
Saturday, February 8, 2025
Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
Friday, February 7, 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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