Business
Latest stories
'A sea of opportunities': Jounieh's touristic port reopens

The Jounieh Touristic Port was reopened Tuesday evening under the slogan "Jounieh Touristic Port... A Sea of ​​Opportunities," under the patronage of President Joseph Aoun, who was represented by Public Works and Transport Minister Fayez Rasamny, and at the invitation of MP Neemat Frem, as part of a joint initiative between the public and private sectors.

“Three generations are looking forward to this port. The sixties generation remembers the most beautiful times when Lebanon was the Switzerland of the East. There is the eighties generation, who see a different time when we could breathe towards the world only through it. Today's generation will see this port as the new, beautiful time, the new, and joyful Lebanon, a time that will attract tourists instead of ensuring the flight of citizens," Frem said in a speech.

W140 Full Story
Top EU official to outline plans for dealing with Europe's challenges in major speech

European Commission President Ursula von der Leyen delivers a major state of the union speech on Wednesday addressing the challenges facing the world's biggest trading bloc and laying out her vision for tackling them.

The commission has enthusiastically billed her speech — modeled on the annual State of the Union addresses to Congress by U.S. presidents — as "a milestone event for European democracy."

W140 Full Story
Trump threatens Russia with sanctions after biggest aerial attack on Ukraine

U.S. President Donald Trump threatened Sunday to impose more sanctions on Russia, after the Kremlin unleashed its biggest-ever aerial barrage at Ukraine.

Russian missiles and drones rained down across Ukraine early Sunday, killing four people and setting government offices in the capital Kyiv ablaze.

W140 Full Story
Key OPEC+ members agree to again boost oil production

Eight key members of the OPEC+ alliance have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of sales of crude.

Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman -- decided Sunday to increase daily production by 137,000 barrels a day from next month, they said in a statement.

W140 Full Story
Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years

The world's richest man could become its first trillionaire if Elon Musk hits a series of extremely aggressive targets for his electric car company over the next decade, according to a proposed pay package released by the company.

Tesla said in a regulatory filing Friday that it will hand Musk shares worth as much as 12% of the company in a dozen separate packages if the company meets certain performance targets, including massive increases in car production, share price and operating profit. If approved by shareholders, the new pay package could make Musk the world's first trillion dollar executive, and would mark a new level of outsized pay in a country already known for extreme compensation. But the payoff is in shares, not cash, and the goals are extreme as well.

W140 Full Story
Australia's defense minister visits frigate in Japan as countries boost defense ties

Australian Defense Minister Richard Marles on Friday toured a Japanese navy frigate of the same Japan-made model that Australia has chosen for its new fleet, as the two countries step up military ties to deter China's growing influence.

W140 Full Story
Canada's Carney to delay EV mandate as country deals with Trump's tariffs

Canadian Prime Minister Mark Carney is delaying a requirement for automakers to begin hitting minimum sales levels for electric vehicles next year as the sector deals with U.S. President Donald Trump's tariffs.

W140 Full Story
Wall Street tumbles, and US stocks head toward their worst loss in a month

U.S. stocks are tumbling on Tuesday, and some of Wall Street's biggest stars are leading the way lower.

The S&P 500 sank 1.2% and was on track for its worst loss in a month. The Dow Jones Industrial Average was down 498 points, or 1.1%, as of 9:37 a.m. Eastern time, and the Nasdaq composite was down a market-leading 1.4%. All three are still close to their recently set records.

W140 Full Story
1.2 million immigrants are gone from the US labor force under Trump

It's tomato season and Lidia is harvesting on farms in California's Central Valley.

She is also anxious. Attention from U.S. Immigration and Customs Enforcement could upend her life more than 23 years after she illegally crossed the U.S.-Mexico border as a teenager.

W140 Full Story
World shares slip and gold sets a fresh record high of over $3,550 per ounce

The price of gold hit a new record and world shares were mostly lower on Tuesday after U.S. markets were closed for the Labor Day holiday.

The spot price of gold, traditionally a haven for investors in times of uncertainty, climbed as high as $3,578.40 per ounce early Tuesday. That surpassed an intraday record of $3,509.90 an ounce set in April. It later slipped back a bit, gaining 1.1% to $3,549.10 per ounce.

W140 Full Story