Lebanon’s Economic Committees, a grouping of Lebanon's main businessmen and owners of major firms, on Thursday proposed an economic recovery plan that entails recovering 74% of the funds of bank depositors.

Caretaker PM and PM-designate Najib Mikati has “finally” won a U.S. green light to accept the Iranian fuel grant and Washington has made the condition that “there should be no political communication over the matter,” al-Akhbar newspaper reported on Thursday.

New British Prime Minister Liz Truss on Thursday said domestic fuel bills would be frozen for two years, marking her first week in office with a costly plan to tackle a politically perilous cost-of-living crisis.

Yes in Beirut this September, MIDDLE EAST CLEAN ENERGY 2022

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated.

World food prices have fallen for a fifth consecutive month, partly thanks to the resumption of exports from Ukraine's Black Sea ports, a U.N. agency said on Friday.

Europe's stock markets rose Friday before key U.S. jobs data, after diving the previous day on fears of an inflation-induced recession.

Hundreds of Lufthansa flights were canceled Friday as pilots staged a one-day strike to press their demands for better pay and conditions at Germany's biggest carrier.

The airline said about 800 flights were grounded at its two biggest hubs, Frankfurt and Munich, due to the walkout. More than 100,000 passengers would be affected, it said.

A cargo ship carrying tons of grain from Ukraine was stranded in Istanbul's Bosporus and had to be rescued early Friday.

Turkey's Directorate General of Coastal Safety tweeted that the 173-meter cargo ship was stuck off the coast of the scenic Bebek neighborhood late Thursday because of a rudder malfunction. The busy strait was closed to traffic for the rescue by coastal safety boats. The Panama-flagged Lady Zehma was towed and the strait re-opened.

The Lebanese pound hit a new low against the U.S. dollar on the black market Friday, as it crashed below 35,000, reaching 35,500.

For decades, the Lebanese pound was pegged to the dollar at 1,500.