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Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
By Eric Knecht and Ellen Francis BEIRUT (Reuters) – After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting, clients couldn’t pay, and the dollars he needed to buy imports had dried up. Now he drives an Uber. Businesses such as Hamdan’s have been shutting at […]
Gulf Air says transit open again via Bahrain for international travelers
DUBAI (Reuters) – Transit through Bahrain International Airport is open again for international travelers, Manama-based Gulf Air said on Saturday, though entry to the country is limited to Bahrainis and other residents during the coronavirus pandemic. “In compliance with the new regulations issued by the Bahrain Civil Aviation Authority, we are welcoming back transit passengers […]
BOJ to ease policy in March as coronavirus hits growth: Reuters poll
By Kaori Kaneko TOKYO (Reuters) – Japan will ease monetary policy this month, tracking the U.S. Federal Reserve’s surprise move this week, as the coronavirus jolts markets and stokes fears of a recession, a majority of economists polled by Reuters said. Almost 90%, or 33 of 38 economists surveyed March 3-5, expected the Bank of […]