The state's refusal to engage with bondholders risks keeping Lebanon out of the funding markets, draining its remaining reserves as creditors seek redress
While there are plenty of instances of zombie banks around the world, Lebanon stands out as the most extreme example of deliberate negligence and procrastination in banking reform
Lebanon's central bank governor leaves office after three decades, leaving depositors and the fate of their life savings in the hands of a crude ruling elite
A trio of high-profile political or diplomatic institutions have looked again at Beirut but without enough attention on the financial aspect of its woes
The strait carries up to 20% of the world's oil exports at around 20 million barrels of oil each day. Any closure could cost the global economy greatly, even if only for a short time.
For decades, Iran's supreme leader—first Khomeini, then Khamenei—pursued a strategy of backing regional militias to fight Israel, but with the 'resistance axis' in tatters, Iran is left to fight alone