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Eurozone inflation hits another record high as food and energy prices soar

Prices in the eurozone touched another record high in May, challenging the European Central Bank's view that gradual interest rate increases from July will be enough to stem the soaring inflation.

Eurozone-Inflation

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Euro falls to July 2020 lows as Germany's business morale deteriorates

The euro dropped on Wednesday after a poll showed German business morale worsened in November, according to the Ifo institute.

EW

ECONOMY

Euro, Aussie gain as US transition goes ahead

The euro and the Australian dollar rise on Tuesday after US President Donald Trump accepted the start of a transition to a Biden regime.

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ECONOMY

US dollar set for worst August in five years

The dollar was set for a fourth straight month of losses on Monday after a US Federal Reserve policy shift on inflation, while the euro was poised to post a fourth month of gains, taking both currencies to levels last seen in 2018.

US dollar

SPORTS

Euro 2020 championship postponed over coronavirus

Soccer’s 2020 European Championship has been postponed for a year as the world fights to contain the outbreak of the coronavirus.

Euro

LEBANON

Hezbollah supports Lebanon decision for debt default

The Hezbollah resistance movement has expressed its support for the Lebanese s government’s decision to default on the March 9 Eurobond payment.

Hezbollah

LEBANON

Lebanon says cannot pay Eurobond debt, sets for sovereign default

Lebanon decides not to pay the $1.2 billion foreign currency debt due on March 9.

Lebanon