Tuesday, June 30, 2020

Lebanon army scraps meat from meals as prices skyrocket

Lebanon army scraps meat from meals as prices skyrocketThe Lebanese army has scrapped meat from all meals it offers to soldiers on duty as food prices skyrocket because of a deepening economic crisis, state media said Tuesday. Lebanon is in the throes of its worst economic downturn since the 1975-1990 civil war, with poverty surging to now afflict around half of the population. Although its currency is officially pegged at 1,507 pounds to the dollar, a shortage of hard currency has seen its black market value plummet to more than 8,000 to the greenback.




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Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

from Yahoo News - Latest News & Headlines https://www.yahoo.com/tech/investors-bid-exchange-nearly-eligible-062741476.html