Lebanon feels the economic shock of war

Jan 16, 2024
After weathering an economic meltdown, Lebanon's restaurants and hotels face the challenge of staying open amid the Israel-Hamas war.
During the first month of the war, the Lebanese restaurant sector suffered an 80% drop in business. Above, a restaurant worker waits for customers in Byblos in November.
Joseph Eid/AFP via Getty Images

The biggest global risks of 2024

Geopolitical conflicts persist, and a political war rages inside the U.S. as elections approach, observes Eurasia Group’s Ian Bremmer.
Brendan Smialowski/AFP via Getty Images

What the Israel-Hamas war means for Gaza's already suffering economy

The economic toll of Israel's total blockade has humanitarian repercussions.
Bashar Taleb/AFP via Getty Images

What’s "Davos in the Desert" and why does it matter

We take a look at why financiers have flocked to Riyadh for face time with the crown prince.
The annual event informally known as  “Davos in the Desert” is used "as an opportunity to pitch Saudi Arabia as a destination for investment," explained the BBC's Sameer Hashmi.
Giuseppe Cacace/AFP via Getty Images

A look at the history of U.S. aid to Israel

Oct 23, 2023
The U.S. has given Israel $158 billion since Israel was founded, not adjusting for inflation, according to the Congressional Research Service.
Above, President Joe Biden addresses the nation on the war between Israel and Gaza on Oct. 19. Biden's request for $14 billion in aid for Israel has yet to come before the speaker-less House.
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How humanitarian aid is being distributed in Gaza

Here's how it's distributed, and a look at why direct cash transfers are simply not sufficient given the state of Gaza's economy.
A convoy of trucks carry humanitarian aid to the Gaza Strip on Oct. 22.
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Crypto is one way Hamas gets its funding

But it's only one tool for evading sanctions. And it's actually easier to track cryptocurrency movement than you might think.
In April, Hamas announced it would no longer be taking donations in crypto because law enforcement has been able "to trace and track these flows," said Ari Redbord of TRM Labs.
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