Why Lebanon's cash economy continues to fuel inflation
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L'Orient-Le Jour
40 minutes ago
- L'Orient-Le Jour
Aoun congratulates Zahleh for 'International City of Vine and Wine' title
BEIRUT — President Joseph Aoun congratulated the city of Zahleh on Sunday after it was named "International City of Vine and Wine" for 2025 by the International Organization of Vine and Wine. On Wednesday, the International Organization of Vine and Wine announced in a statement relayed by the state-run National News Agency its "approval of the designation of Zahleh as a World Wine City (...) in recognition of its historical, cultural, and agricultural role in promoting grape cultivation and wine production.' Also on Wednesday, the municipality of Zahleh announced that the city officially received the title of "City of Wine" for 2025, making it is the tenth place worldwide to earn this recognition. Aoun considered this announcement as an achievement for Lebanon and the "result of joint efforts by the Agriculture Ministry and wine producers in Lebanon to develop and market Lebanese wine over the past years", according to the state-run National News Agency. 'Congratulations to Zahleh and Lebanon, Lebanese wine has gone global", the President added. With the support of the Agriculture Minster, Nizar Hani, Zahleh had submitted a comprehensive file to the international organization that included maps of the areas planted with grapes, the number of wineries in the city and its district, and data showing Zahleh's leadership in this sector. The organization then took its decision based on the city's scientific and professional criteria.
Ya Libnan
an hour ago
- Ya Libnan
Trump announces EU trade deal with 15% tariffs
U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025. Evelyn Hockstein | Reuters President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union , following pivotal discussions with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline. Trump said that the deal imposes a 15% tariff on most European goods to the U.S., which is lower than the 30% rate he had previously threatened against the United States' largest trading partner. Trump also said that the 27-member bloc has agreed to purchase $750 billion worth of U.S. energy and invest an additional $600 billion worth of investments into the U.S. above current levels. He said that the bloc would also be 'purchasing hundreds of billions of dollars worth of military equipment,' but did not provide a specific dollar amount. 'It's a very powerful deal, it's a very big deal, it's the biggest of all the deals, Trump said alongside von der Leyen. 'It's a good deal, it's a huge deal, with tough negotiations,' von der Leyen said after the meeting. While questions remain about the specific details and timeline of the EU investments, the agreement marks a pivotal moment for Trump, following weeks of uncertainty surrounding the U.S.-EU trade talks. Trump during a press conference before his meeting with the European leader said that there was a 50-50 chance they would reach a framework of a deal. Brussels had been preparing for a no-deal scenario if the trade talks devolved ahead of Aug. 1. Lawmakers had approved a major package of counter-tariffs, which would have targeted a range of U.S. goods. The bloc also considered deploying the EU's ' Anti-Coercion Instrument ,' a move seen as the trading bloc's 'trade bazooka.' Ireland's Prime Minister said that the agreement 'brings clarity and predictability to the trading relationship between the EU and the US.' 'It does mean that there will now be higher tariffs than there have been and this will have an impact on trade between the EU and the US, making it more expensive and more challenging,' the Department of the Taoiseach said in a statement . Still, the agreement 'creates a new era of stability,' the statement continued. CNBC
MTV Lebanon
2 hours ago
- MTV Lebanon
27 Jul 2025 16:04 PM President Aoun Congratulates Zahle on Its Declaration as ‘City of Vines and Wine'
President of the Republic Joseph Aoun considered the declaration of Zahle as a "World City of Vine and Wine" by the International Organization of Vine and Wine an achievement for Lebanon and the fruit of the joint efforts of the Ministry of Agriculture and Lebanese wine producers to develop and market Lebanese wine over the past years. "Congratulations to Zahle and to Lebanon. Lebanese wine has become world-class," the President proudly affirmed.
