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Lebanon weighs IMF help over $1.2b bond payment

Bloomberg Lebanon needs the help of the International Monetary Fund (IMF) to draft a rescue plan and decide whether to repay its $1.2 billion Eurobond maturing next month, the Annahar newspaper cited one of the country’s longest-serving politicians and a member of the ruling coalition as saying. With the country facing its worst financial crisis in decades after months of ...

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Hacking charges by US show China deal’s unfinished part

Bloomberg The Trump administration’s indictment of Chinese military personnel over one of the biggest data thefts in US history highlights a key source of animosity remaining between the two sides after their “phase one” trade deal. The US Department of Justice announced the charges against four People’s Liberation Army members over a 2017 hack of credit reporting agency Equifax Inc, ...

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Virus may cost China retail sectors billions

Bloomberg The outbreak of coronavirus may have cost China’s retail and food service sectors billions of dollars in sales during the Lunar New Year week, according to a leading food and agricultural bank. Revenue lost in both retail and food services during the Lunar New Year week could range from 20% to 80%, representing a fall of $31 billion to ...

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