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As Lebanese struggle to make ends meet, living costs set to soar higher
By Tom Arnold and Imad Creidi BEIRUT (Reuters) – Lebanese consumers feeling the pinch from rising living costs amid an economic crisis are likely to be squeezed even tighter as more local pounds and less U.S. dollars come into circulation, pushing up inflation. Lebanon has long relied on a steady flow of dollars from its […]
Factbox: Festive cheer falls flat for some British retailers
(Reuters) – Britain’s retailers reported mixed results for the critical Christmas period, with major supermarkets suffering their slowest festive season in years and retailers varied in their performance. Data on Thursday showed British shoppers cut back on spending in late 2019, rounding off the worst year since at least the mid-1990s for retail sales as […]
Leaked Treasury documents reveal how dirty money moves through global banking system
Photo: Eduardo Parra/Europa Press via Getty Images Thousands of leaked government documents covering at least $2 trillion worth of transactions reveal how some of the world's biggest banks knowingly moved around the money of oligarchs, terrorists and criminals, with few consequences, according to a massive investigation by BuzzFeed News, the International Consortium of Investigative Journalists […]