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
Any agreement that restores traffic through the strait will bring immediate relief, but repairing the damage wrought by war—and restoring confidence—will take far longer
As states race to embed algorithms in systems of reconnaissance, targeting, air defence, and military decision-making, a new layer of risk is taking shape