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Just a day after the deadly attack on U.S. personnel in Syria, which Washington blamed on a drone of Iranian origin, sources said a U.S. base in Syria's northeast was targeted with a new missile attack. The U.S. strikes were in response to an attack earlier on Thursday by an attack drone against U.S. personnel at a coalition base near Hasakah in northeast Syria. Three service members and a contractor required medical evacuation to Iraq, where the U.S.-led coalition battling the remnants of Islamic State has medical facilities, the Pentagon said. NEW ATTACK INEFFECTIVEA U.S. base at the Al-Omar oil field in Syria was targeted with a missile attack on Friday morning, according to Lebanese pro-Iranian TV channel Al Mayadeen and a security source. U.S. forces first deployed into Syria during the Obama administration's campaign against Islamic State, partnering with a Kurdish-led group called the Syrian Democratic Forces.

☆ Missile attack targets U.S. base in east Syria - security source, media
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

BEIRUT, March 24 (Reuters) - A U.S. base at the Al-Omar oil field in Syria's northeast was targeted with a missile attack on Friday morning, according to Lebanese pro-Iranian TV channel Al Mayadeen and a security source. The source told Reuters the attack took place at around 11 a.m. (0900 GMT) and it was unclear whether it had caused casualties. Thursday's attack took place at a coalition base near Hasakah in northeast Syria, the Pentagon said in a statement. The U.S. intelligence community assessed that the one-way attack drone was Iranian in origin, the Pentagon said, a conclusion that could further aggravate already strained relations between Washington and Tehran. Reporting by Orhan Qereman Writing by Timour Azhari Editing by Andrew Cawthorne and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ IMF: Lebanon in 'very dangerous situation' with reforms stalled
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +3 min

BEIRUT, March 23 (Reuters) - The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement, and the IMF urged the government to halt borrowing from the central bank. "One would have expected more in terms of implementation and approval of legislation" related to reforms, he said, noting "very slow" progress. "Lebanon is in a very dangerous situation," he added, in unusually frank remarks. Still, Rigo said that the IMF would "never walk away" from helping a member country and there was no deadline for Lebanon to implement the reforms. Rigo said that Lebanon should move towards a market-determined exchange rate, rather than maintaining multiple rates including the central bank's Sayrafa exchange rate, which is not set by market forces.

☆ Lebanese security forces fire tear gas at crowds protesting pound devaluation
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mohamed AzakirBEIRUT, March 22 (Reuters) - Lebanese security forces on Wednesday fired tear gas at hundreds of protesters, mostly retired members of the security forces, who had gathered near government buildings in Beirut in anger at deteriorating economic conditions. Crowds gathered in the streets of downtown Beirut between parliament and the government serail, carrying Lebanon's tricolour or flags bearing the logos of security forces. They were outraged at the deteriorating value of state pensions paid in the local currency. One soldier was seen treating a young boy who was affected by the tear gas. "He's suffering just like me," he told Reuters, clutching two of the tear gas canisters fired just moments earlier.

☆ Lebanon to sell unlimited US dollars to prop up collapsing pound
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, March 21 (Reuters) - Lebanon's central bank will begin selling unlimited amounts of U.S. dollars in a bid to halt the spiralling devaluation of the Lebanese pound, Governor Riad Salameh said on Tuesday. Salameh set a new rate for Sayrafa, the central bank's exchange platform, at 90,000 Lebanese pounds per dollar on Tuesday. The pound has lost more than 98% of its value since the economy began unravelling in 2019. Tuesday's move came with the approval of the caretaker premier and caretaker finance minister and aimed to "limit the devaluation of the Lebanese pound in the parallel market," Salameh said. The pound began rising in value on the parallel market immediately after the decision was announced.

If you look, it's in Lebanese pounds, so is this the price? To solve the exchange rate confusion, the government needs to implement one unified rate. Shop owner Mahmoud Chaar told Reuters the exchange rate was changing so fast that his business was losing money overnight. Like many business owners, Chaar has to pay in U.S. dollars to import goods but sells in Lebanese pounds. "Basically, we lost in the exchange rate difference what we had made in profit," Chaar told Reuters.

☆ Blackface, booze, and blurred lines at the $2 billion tech firm Rokt
▼ + stars: | 2023-03-16 | by ( Jack Newsham | Madeline Stone | ) www.businessinsider.com time to read: +25 min

A cropped version of an image shared with Rokt employees at the 2020 meeting. Buchanan told Insider. "We think it's important that we stand up and fight it," he told Insider when asked about that message. In an email, Viles told Insider that he hasn't had any day-to-day involvement with Rokt since 2020, when he did some contract work. Mert Alper Dervis/Anadolu Agency via Getty ImagesOne employee told Insider they were encouraged to post the photos and proclaim 2023 to be Rokt's "best year yet."

☆ Amid ongoing Lebanese stalemate, France renews sanctions threat
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

Foreign states have historically played a part in determining the presidency's fate in a country that has been a theatre for international rivalries. Two diplomats aware of the talks said Paris had brought up the issue of imposing EU sanctions targeting Lebanese leaders, although they cautioned the idea did not seem to be top of the agenda. "We call on the Lebanese authorities, Lebanese leaders, all the political leaders to get out of this constitutional impasse," foreign ministry spokesperson Anne-Claire Legendre told reporters in a daily briefing. The European Union adopted a legal framework for a sanctions regime targeting Lebanese individuals and entities in 2021 in an attempt to put pressure on the Lebanese, but it has not used it and the political and economic crisis has worsened. "We are currently examining the situation to see how we can work on these consequences," she said.

☆ Factbox: Middle East flashpoints that could be affected by Saudi-Iran deal
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +4 min

China also provided cover for Syria at the United Nations and kept up economic and political ties with Damascus. But as Iran's support helped Assad turn the tide, Saudi backing for the armed and political opposition has waned. Syria's foreign ministry welcomed the deal as an "important step" that could boost regional stability. In 2021, Saudi and other Arab Gulf states withdrew their ambassadors over what they said was Hezbollah's hold over the state. Seeking to de-escalate, the United Arab Emirates and Saudi began engaging directly with Iran.

☆ Lebanon judge sets March 15 hearing for central bank chief in graft probe
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

BEIRUT, March 6 (Reuters) - A Lebanese investigative judge has scheduled a March 15 hearing for Lebanese central bank governor Riad Salameh as part of a cross-border corruption probe into Salameh and close associates, a judicial source said. Judge Charbel Abu Samra took over the case late last month after another judge charged Salameh with embezzlement, illicit enrichment and money laundering. The charges against Salameh are the product of an 18-month probe into whether Salameh and his brother, Raja, embezzled more than $300 million from the Central Bank between 2002 and 2015. Salameh, central bank governor since 1993, still enjoys backing from powerful Lebanese leaders. He was charged last year over illicit enrichment in a case related to the purchase and rental of Paris apartments, including some to Lebanon's central bank.

☆ Shell reviewing oil output reduction targets, CEO tells the Times
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 3 (Reuters) - Shell (SHEL.L) is reviewing its current plan to reduce oil output by 1% to 2% per year by 2030, Chief Executive Officer Wael Sawan told the Times, against the backdrop of rival BP recently rowing back from hydrocarbon output reduction aims. The CEO nevertheless indicated that Shell could revise its current goal of reducing its oil output by 2030. "We're reflecting on what is the right guidance to the market," Sawan told the Times in an article published on Friday. Shell expects its oil and gas output to reach between around 1.8 million and 2 million barrels of oil equivalent per day this quarter. In contrast to BP, Shell never set a target for the reduction of its gas output.

☆ Palestinians living in refugee camps are being paid $350 to fight for Russia in Ukraine: report
▼ + stars: | 2023-03-01 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Palestinians living in Lebanese refugee camps are being recruited to fight for Russia in Ukraine. The Jerusalem Post reported that some 300 refugees have already been deployed. The majority of Palestinians being deployed to Ukraine come from the largest Palestinian refugee camp in southern Lebanon, Ein El Hilweh Camp, the report said. But it is known that Russia has previously recruited Syrian volunteers to fight in Ukraine. Riad Kahwaji, a Dubai-based security analyst, told The Media Line that Russia recruiting Palestinian refugees to fight in Ukraine wouldn't be surprising.

☆ Swiss regulator investigates 12 banks in Lebanese central banker corruption case
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

ZURICH, Feb 27 (Reuters) - Switzerland's financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. Lebanese authorities charged Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay in the high-profile case. The Swiss Financial Market Supervisory Authority (FINMA) on Monday said it has investigated 12 banks in relation to allegations of money laundering linked to the case. FINMA declined to comment on the nature of the enforcement proceedings in this case, or the banks involved. The Salameh brothers are alleged to have transferred $330 million to Swiss accounts via the offshore company Forry Associates, which is registered in the British Virgin Islands, Swiss newspaper SonntagsZeitung newspaper reported.

☆ Explainer: The probes into Lebanese central bank chief Salameh
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +5 min

BEIRUT, Feb 23 (Reuters) - Lebanese authorities charged longtime central bank governor Riad Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay in the high-profile case. Top prosecutor Ghassan Oueidat stopped Tannous from attending a Paris meeting last year with European prosecutors investigating Salameh, Reuters reported. In June 2022, Oueidat ordered a prosecutor to formally charge Salameh with crimes including money laundering, illicit enrichment, forgery and tax evasion. On Thursday, a newly appointed prosecutor, judge Raja Hamoush, charged Salameh with money laundering, embezzlement and illicit enrichment. The finance minister said this month replacing him would be difficult, citing Lebanon's political complexities.

The charges come in the waning months of Salameh's latest term as governor, a position he has held for three decades and for which he was often celebrated - until 2019, when Lebanon's economy began to unravel. In comments to Reuters on Thursday, Salameh said the charges were "not an indictment" and pledged to abide by the judicial procedures. The governor has dismissed accusations of illicit enrichment as part of an effort to scapegoat him for Lebanon's financial collapse. TWO INTERPRETATIONSSalameh was charged last year over illicit enrichment in a case related to the purchase and rental of Paris apartments, including some to Lebanon's central bank. Oueidat referred the case - which included Salameh and a number of unidentified associates - to a Beirut prosecutor to file charges including illicit enrichment, embezzlement, money laundering and tax evasion.

[1/2] Police officers stand amid the rubble of a damaged building at the site of a rocket attack in the Kafr Sousa neighbourhood of central Damascus, Syria, February 19, 2023. Its support for Damascus and the Lebanese group Hezbollah has drawn regular Israeli air strikes meant to curb Tehran's extraterritorial military power. A source close to the Syrian government with knowledge of Sunday's strike and its target said it hit a gathering of Syrian and Iranian technical experts in drone manufacturing, though he said no top-level Iranian was killed. "The strike hit the centre where they were meeting as well as an apartment in a residential building. On Sunday, the Iranian Foreign Ministry condemned what it described as attacks on "residential buildings in Damascus which killed and maimed innocent Syrian citizens".

☆ Lebanese depositors smash up, burn Beirut banks
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mohamed AzakirBEIRUT, Feb 16 (Reuters) - Several dozen Lebanese protesters attacked banks in a Beirut neighbourhood on Thursday, while blocking roads protesting against informal restrictions on cash withdrawals in place for years and rapidly deteriorating economic conditions. At least six banks had been targeted as the Lebanese pound hit a new record low on Thursday, a spokesperson for Depositors Outcry, a lobby representing depositors with money stuck in the country's banking sector, said. Since 2019, Lebanese banks have imposed restrictions on withdrawals in U.S. dollars and Lebanese pounds that were never formalised by law, leading depositors to seek access to their funds through lawsuits and often by force. The Lebanese pound has lost more than 98% of its value since the country's financial sector imploded in 2019. It was changing hands at around 80,000 pounds per greenback on Thursday, dropping from 70,000 pounds just two days earlier.

☆ Louis Vuitton’s Formula for World Domination
▼ + stars: | 2023-02-11 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

PARIS—Louis Vuitton constructed a vast makeshift warehouse in the courtyard of the Louvre to house its recent menswear show. Hundreds of K-pop fans trying to get a glimpse of star Jung Hoseok , better known as J-Hope from BTS, lined the streets. The guest list was designed to attract global attention: Hong Kong pop singer Jackson Wang , Los Angeles rapper Tyga and Mia Khalifa , a Lebanese-born pornographic actress turned social-media influencer. J-Hope, Usher and “Emily in Paris” actor Lucien Laviscount took their front-row seats not far from Bernard Arnault , the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton SA, together with his wife and four of his five children, all of whom work for the company.

☆ 36 Hours in New Orleans
▼ + stars: | 2023-02-09 | by ( Richard Fausset | Richard Fausset Is A New York Times National Correspondent Who Grew Up In New Orleans. | ) www.nytimes.com time to read: 1 min

Grab a biscuit UptownThe six-mile commercial corridor of Magazine Street is a glorious mish-mash of retail shops, art galleries and good places to eat, with surprises on nearly every block. For breakfast Uptown, stop in for a flaky cheddar-and-chive biscuit ($4.75) at La Boulangerie , a New Orleans take on a classic French bakery with a happy thrum on Saturday mornings. arts underground. Shawarma On The Go , inside a Jetgo gas station, is notable for its Lebanese iced tea with pine nuts. Crunchy, cold, aromatic and savory-sweet, the drink is a local spin on a traditional Lebanese drink called jallab.

☆ Beirut blast investigator puts off interrogations of top officials
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, Feb 6 (Reuters) - The judge investigating the deadly 2020 Beirut port blast said he had postponed interrogations of senior current and former officials that had been set to begin on Monday until a legal dispute over the extent of his powers can be resolved. Bitar, who denies the accusations, had set interrogation sessions for about a dozen current and former officials in February, beginning with former ministers Ghazi Zeaiter and Nouhad Machnouk on Monday. He had also set sessions for former prime minister Hassan Diab and the intelligence chief, Major General Abbas Ibrahim. Some 40 Lebanese lawmakers and groups representing judges and lawyers have called for Oueidat to reverse his decisions and allow Bitar to resume his investigation. Reporting by Timour Azhari; Editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

[1/2] A man stands near a damaged vehicle, following an earthquake, in rebel-held Azaz, Syria February 6, 2023. REUTERS/Mahmoud HassanoSummary Quake strikes central Turkey, northwest SyriaHundreds of buildings across the region brought downRescuers begin hunt for untold numbers trapped in rubbleDIYARBAKIR/ANKARA, Turkey, Feb 6 (Reuters) - A major earthquake of magnitude 7.9 struck central Turkey and northwest Syria on Monday, killing about 200 people as buildings collapsed across the snowy region, and triggering a search for survivors trapped in rubble. "I have never felt anything like it in the 40 years I've lived," said Erdem, a resident of the Turkish city of Gaziantep, near the quake's epicentre, who declined to give his surname. The United States was "profoundly concerned" about the quake in Turkey and Syria and was monitoring events closely, White House national security adviser Jake Sullivan said on Twitter. More than 17,000 people were killed in 1999 when a 7.6-magnitude quake struck Izmit, a city southeast of Istanbul.

☆ Lebanon hopes UNESCO danger listing could save crumbling modernist fairground
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +3 min

Designed by Brazilian architect Oscar Niemeyer in 1962, the collection of structures on the 70-hectare plot is considered one of the key works of 20th century modernism in the Middle East. "It was placed on the World Heritage List exceptionally, quickly and urgently – and on the list of heritage in danger because it's in a critical situation," said Joseph Kreidi, UNESCO's national programme officer for culture in Beirut. "Placing it on the World Heritage Danger List is an appeal to all countries of the world, as if to say: this site needs some care," said Kreidi. Lebanon has five other sites on UNESCO's World Heritage list, most of them citadels and ancient temples. Mira Minkara, a freelance tour guide from Tripoli and a member of the Oscar Niemeyer Foundation's Tripoli chapter, has fond – but rare – memories of the fairground as a child.

☆ Lebanon devalues official exchange rate by 90%
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

BEIRUT, Feb 1 (Reuters) - Lebanon adopted a new official exchange rate of 15,000 pounds per U.S. dollar on Wednesday, the central bank said, marking a 90% devaluation from its previous official rate that had been unchanged for 25 years. The shift from the old rate of 1,507 is still far off the parallel market where most trades take place. Two market participants said the pound was changing hands at around 59,000 per dollar on Tuesday. Lebanese officials have described the adoption of the new official exchange rate as a step towards unifying an array of rates that have emerged during the crisis. Analysts expect the shift to have less impact on the wider economy, which is increasingly dollarized and where most trades take place according to the parallel market rate.

☆ Cash is king in Lebanon as banks atrophy
▼ + stars: | 2023-01-31 | by ( Maya Gebeily | ) www.reuters.com time to read: +4 min

SummarySummary Companies Cash economy replaces once lauded-banking sector'Impossible' for state to collect taxes in cash economy - traderWest frets over money laundering, terrorism finance - diplomatCHTAURA, Lebanon, Jan 31 (Reuters) - The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cash is now king in Lebanon, where a three-year economic meltdown has led the country's once-lauded financial sector to atrophy. Even the largely paralysed Lebanese state is moving towards the cash economy: the finance ministry has considered requiring traders to pay newly-increased customs tariffs partly in cash. Paul Abi Nasr, CEO of a textile company, said the cash economy made it "practically impossible" to enforce taxes "because everything can simply stay outside of the banks". "The transformation to a cash economy means the collapse of the economy," said Mohammad Chamseddine, an economic expert at Lebanese research group Information International.

BEIRUT, Jan 31 (Reuters) - Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The pound has lost some 97% of its value since it began to split from the 1,507 rate in 2019. In order to ease the impact of this shift, banks would be given five years "to reconstitute the losses due to the devaluation," he said. Several rates remain, including the official rate, the central bank's Sayrafa exchange platform rate which currently stands at 38,000 pounds per U.S. dollar, and the parallel market rate. While capital controls have never been formally imposed in Lebanon, banks since 2019 have imposed their own controls, severely limiting withdrawals in dollars and Lebanese pounds.

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