Switzerland's largest bank, UBS, is reported to be negotiating to buy all or part of Credit Suisse, with the blessing of the Swiss regulatory authorities, according to news reports.
Many startups and tech companies are worried over their funds in failed American bank, but experts say this is not a signal of another 2008 global economic crisis.
Two members of parliament are under criminal investigation as officials said there is "direct evidence" against them for inciting violence at a peaceful anti-government protest.
Routine vaccination in Lebanon has dropped by 31 percent, leaving a vast number of children vulnerable to disease, according to a new UN report.
About 8,761 people "died by suicide due to unemployment, bankruptcy or indebtedness in the year 2020," junior home minister Nityanand Rai informs Parliament.
Lebanon's president estimates the country needs time to overcome the financial crisis as its central bank governor says around $15 billion would help to restore.
Central Bank Governor Riad Salameh said the country's mandatory dollar reserves have been slashed by more than half, threatening a subsidy programme that had covered fuel, medicine and flour.
The association of pharmaceuticals importers said the central bank has not released promised dollars to pay suppliers abroad, who are owed more than $600 million in accumulated dues since December.
EU’s Foreign Policy Chief Josep Borrell says the bloc may consider actions, including targeted sanctions, unless Lebanese politicians take steps to get over political stalemate that plunged the country into one of its worst economic crises.
Experts believe Hezbollah's plan to build energy cooperation with Tehran wouldn't resolve Lebanon's energy crisis but help Iran weaken Beirut's pro-Western government.
If the government stops subsidising many essentials, Lebanon will head towards a new crisis. Could this new low be the spark for a revolution that ushers in a new political system?
The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.
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