BEIRUT: The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests.

PARIS: Burning the world’s remaining fossil fuel reserves would unleash 3.5 trillion tons of greenhouse gas emissions-seven times the remaining carbon budget to cap global heating at 1.5C-according to the first public inventory of hydrocarbons released Monday.

WASHINGTON: The Palestinian economy, which is largely reliant on foreign aid and grants, is forecast to grow by 3.5 per cent in 2022.

Kuwait: One of the main challenges facing the gas industry is the inability to predict supply and demand, especially in light of the potential economic downturn and rapidly changing geopolitical balances, said Kuwait Petroleum Corporation (KPC) Chief Executive Officer Sheikh Nawaf Saud Al-Nasser Al-Sabah Sunday.

BEIJING: China has stepped up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices-raising concerns Beijing’s policies may hinder the fight against climate change.

FRANKFURT: Choked by soaring energy and wood pulp costs, German toilet paper maker Hakle is turning to waste from coffee production to stay afloat and help the environment.

WASHINGTON: The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act aggressively.

KUWAIT: National Investments Company announced forming its new board of directors, which includes Bader Al-Kharafi as Chairman and Khaled Al-Falah as Vice Chairman, as well as members Anas Al-Saleh, Fahad Al-Mukhaizeem, Thamer Al-Usaimi and Taiba Al-Qatami.

WASHINGTON: The US slapped sanctions Thursday on a long list of Russian officials and companies, ramping up pressure over the invasion of Ukraine and hoping to hobble any attempt to rebuild its heavily damaged defense sector.