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Central Bank Governor Riad Salameh will make a shellshock monetary-judicial revelation in the next few days that will change the course of the legal disputes, LBCI television reported.
A judicial spokesman in Luxembourg meanwhile said that judicial authorities these have launched a “criminal lawsuit” related to Salameh and his companies and assets. A spokesman for Salameh for his part said that the governor has not been notified of any lawsuit against him in Luxembourg, declining to give further comments.
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Airbus raked in more orders at the Dubai Air Show on Tuesday, reaching one valued over $3.3 billion to sell 28 new aircraft to Kuwait's Jazeera Airways.
The European plane maker's agreement includes 20 single-aisle A320neos and eight A321neos, which competes directly with Boeing's 737 Max, along with an option to sell another five planes to the low-cost, fast-growing airline.
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Energy giant Shell on Monday announced plans to switch headquarters from the Netherlands to the UK and drop Royal Dutch from its name in a major shakeup that angered the Dutch government.
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A stock exchange set up in the Chinese capital to serve entrepreneurs opened trading Monday with 81 companies amid a crackdown on tech giants that has wiped more than $1 trillion off their market value abroad.
The Beijing Stock Exchange joins other mainland Chinese exchanges in Shanghai and the southern city of Shenzhen. They are mostly off-limits to foreign investors, but some companies have shares traded in Hong Kong, a separate Chinese territory that is open to global capital.
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Sri Lanka shut its only oil refinery Monday after running out of dollars to import crude, in an escalating economic crisis that has triggered shortages of food and other staples.
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Dubai International Airport, the world's busiest for international travel, handled 20% more passenger traffic in the third quarter of 2021 compared to the same period last year, its chief executive said Monday, signaling cautious optimism for the ravaged aviation industry.
Yet a full recovery remains years off. Just 20.7 million people squeezed through the airport so far this year — a 74% drop from before the coronavirus hit in 2019.
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Pacific Rim leaders agreed to do all they can to improve access to coronavirus vaccines and reduce carbon emissions, but failed to reach agreement on whether the U.S. should host talks in two years' time.
U.S. President Joe Biden and Chinese President Xi Jinping were among those taking part in the online meeting of 21 leaders at the end of the annual Asia-Pacific Economic Cooperation forum on Saturday, which was being hosted virtually by New Zealand.
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Top U.K. and European Union officials are meeting Friday to try to resolve their intractable Northern Ireland trade spat, with alarm growing in Europe that Britain plans to suspend parts of the legally binding divorce agreement between the two sides.
That would trigger EU retaliation and could spiral into a trade war between the 27-nation bloc and its increasingly estranged former member.
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Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses.
The energy infrastructure spinoff will include Tokyo-based Toshiba Corp.'s nuclear power operations, including the decommissioning efforts at the nuclear plant in Fukushima that suffered meltdowns after an earthquake and tsunami in March 2011.
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The Lebanese government is failing its people, the U.N. envoy on extreme poverty Olivier De Schutter said Friday, warning that the country is on course to becoming a failed state.
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