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Lebanon economy

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Stampede during Halloween festival in Seoul

World Oct 30

News Wrap: South Korea mourns victims of Seoul crowd crush

World Oct 30

Lebanese President Michel Aoun vacates the palace a day before his term ends
Lebanon’s president leaves with no replacement amid political, economic crisis

President Michel Aoun left Lebanon's presidential palace Sunday, marking the end of his six-year term without a replacement, leaving the small nation in a political vacuum that is likely to worsen its historic economic meltdown.

By Bassem Mroue, Abby Sewell, Associated Press

World Jun 07

People hold Lebanese flags as newly-elected Lebanese independent lawmakers walk towards parliament for the first session p...
Watch 8:07
Lebanon’s economic and humanitarian disasters leave citizens to fend for themselves

For the past several years, Lebanon has been in economic freefall. Its currency is close to worthless; its government is fractured and ineffective; there is almost no electric power, and there is less security. Lebanon's people are suffering. Special correspondent…

By Leila Molana-Allen, Leena Saidi, Teresa Cebrian Aranda

World Dec 13

A man counts U.S. dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon April 24, 2020. Photo by Mohamed Azakir/REUTERS
Lebanon’s currency continues to tank amid economic collapse

The economic collapse has been described as one of the worst in the world in over 150 years. Inflation and prices of basic goods have skyrocketed in Lebanon, which imports more than 80 percent of its basic goods.

By Associated Press

World Aug 04

Lebanon marks the one-year anniversary of Beirut port explosion
Watch 8:47
1 year after Beirut explosion, Lebanon still in crisis

A year after a deadly explosion of tons of ammonium nitrate that sat for years in a Beirut port warehouse, people in Lebanon are still waiting for answers and government accountability. Special correspondent Leila Molana-Allen reports on how people across…

By Leila Molana-Allen

Mar 04

Watch 5:48
COVID-19 lockdown compounds Lebanon’s economic crises

By Leila Molana-Allen

Protests erupted again this week in Lebanon, as a spiraling currency crisis led to violence in the streets. A strict COVID-19 lockdown has crushed the economy, causing many Lebanese to go months without an income. And as special correspondent Leila…

Continue watching

Aug 13

Lebanon’s military gets sweeping powers after Beirut blast

By Sarah El Deeb, Associated Press

Lebanon's Parliament on Thursday approved a state of emergency in Beirut in its first session since the catastrophic Aug. 4 explosion.

Continue reading

Jul 10

Watch 7:35
Lebanon, already bankrupt, contends with pandemic’s rising threat

By Jane Ferguson

Lebanon recorded its highest one-day tally of new coronavirus cases Friday, after easing extended lockdowns. The country, already in economic freefall and suffering under a paralyzed, corrupt and bankrupt government, cannot afford another crisis. But now, hunger and despair are…

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Full Episode
Thursday, Sep 25
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