Source: Bloomberg
Security & Justice
Lebanese Judiciary Targets Central Bank Officials in $140 Billion Lawsuit
Lebanon’s judiciary has filed a lawsuit against former and current high-ranking employees of the country’s central bank, holding them accountable for their role in the worst financial collapse in decades. The case, led by Judge Helena Iskandar, accuses former governor Riad Salameh, acting governor Wassim Mansouri, and members of the central bank’s board of negligence, abuse of power, and mismanagement that contributed to the national currency’s dramatic downfall.
Thursday, January 30, 2025
Lebanese Army Reaffirms Deployment in South Litani Amid Israeli Violations
The Lebanese Army Command announced that the army is continuing its deployment in the South Litani region in coordination with the Quintet Committee overseeing the ceasefire agreement (Mechanism), despite ongoing Israeli violations, including gunfire aimed at the army and civilians during the deployment, as well as two recent airstrikes on the Nabatieh area.
Wednesday, January 29, 2025
Opinion
Rebuilding Lebanon: A Momentous Opportunity for Institutions to Deliver
Lebanon is an exhausted nation — but also cautiously optimistic. After a presidential vacuum of two years, the parliament elected armed forces commander Joseph Aoun as the country’s 14th President. President Aoun’s exceptional track record as a military leader during an extraordinary period in Lebanon’s history has won him the confidence of the international community and rallied the Lebanese people around him. His presidency, and the subsequent nomination of the reputable academic, diplomat and international judge Nawaf Salam as prime minister, has sparked hope that Lebanon might finally be on path to development and prosperity.
Sunday, January 26, 2025
Lebanon at a Crossroads: A Reform Agenda for Economic and Financial Recovery
Lebanon stands at a crossroads. The country faces an unprecedented series of compounded crises that have shaken its very foundation: a devastating economic collapse that has eroded the value of the Lebanese pound by over 95 percent, a crippling banking crisis that has locked depositors out of their savings, and the lingering effects of a destructive war with Israel. This “perfect storm” has plunged Lebanon into a profound social and economic crisis characterized by soaring poverty, unemployment, and the breakdown of essential services.
Friday, January 24, 2025
Sports
Novak Djokovic Retires from Australian Open Semifinal Due to Injury
Novak Djokovic’s quest for a record 25th grand slam title has been cut short at the Australian Open after he stunningly retired from his semifinal match due to a left leg injury.
Friday, January 24, 2025
Kyle Walker to Join AC Milan on Loan from Manchester City - Sources
Kyle Walker is set to move from Manchester City to Milan after the two clubs agreed terms, sources have told ESPN.
Thursday, January 23, 2025
Wednesday 29 January 2025 16:45:17
Trump Media Launches Fintech Brand Truth.Fi for Crypto, ETFs
Trump Media and Technology Group Corp. launched a financial-services and fintech brand dubbed Truth.Fi, with a focus on crypto and customized exchange-traded funds.
The new offering will develop separately managed accounts, ETFs and Bitcoin in partnership with Charles Schwab Corp., which will “broadly advise” on investments and strategy, Trump Media said in a statement Wednesday.
Trump Media said it will also invest as much as $250 million that will be kept in custody by Schwab. That amount is about a third of Trump Media’s cash pile, but represents a tiny fraction of the trillions of dollars that are managed by traditional financial firms.
“Developing American First investment vehicles is another step toward our goal of creating a robust ecosystem through which American patriots can protect themselves from the ever-present threat of cancellation, censorship, debanking and privacy violations committed by Big Tech and woke corporations,” Trump Media Chief Executive Officer Devin Nunes said in the statement.
