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BEIRUT (Reuters) - Sleep Comfort survived Lebanon's 15-year civil war. But nothing could have prepared the high-end family furniture business for the Beirut port blast that destroyed swathes of the capital.
LONDON/BEIRUT (Reuters) - Lebanon may be in line for $298 million in emergency aid after the Beirut port blast, but the more than $30 billion (23 billion pounds) that some estimate it may need to rebuild its shattered economy will not be forthcoming without reform.
U.S. needs "additional sizable fiscal package" to contain pandemic, boost recovery: IMF executive board
WASHINGTON, Aug. 10 (Xinhua) -- The United States needs an "additional sizable fiscal package" to contain the COVID-19 pandemic and boost economic recovery, the executive board of the International Monetary Fund (IMF) said on Monday.
BEIRUT (Reuters) - Lebanon's Finance Minister Ghazi Wazni, a key negotiator with the IMF over a rescue plan to help Lebanon exit a financial crisis, has prepared his resignation letter and brought it with him to a cabinet meeting, a source close to him and local media said.
BEIRUT (Reuters) - Lebanon's prime minister announced his government's resignation on Monday, saying a huge explosion that devastated Beirut and triggered public outrage was the result of endemic corruption.
WASHINGTON (Reuters) - The International Monetary Fund said on Sunday it was willing to redouble efforts to help Lebanon after the devastating blast that hit Beirut, but said all of the country's institutions needed to show willingness to carry out reforms.
BEIRUT (Reuters) - Lebanese protesters stormed government ministries in Beirut and trashed the offices of the Association of Lebanese Banks on Saturday as shots rang out in increasingly angry demonstrations over this week's devastating explosion.
MEXICO CITY, Aug. 7 (Xinhua) -- Mexico's annual inflation rate rose to 3.62 percent in July, its highest level in five months, the National Institute of Statistics and Geography (Inegi) reported on Friday.
AMMAN (Reuters) - Lebanon's economy, already sinking before the explosion that knocked out its main port, could now shrink by double the rate previously forecast for this year, making it even harder to secure the financing the country needs to get back on its feet.