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Spectre of war paralyses Lebanon's hospitality sector
Spectre of war paralyses Lebanon's hospitality sector
Business and Economy
by  AFP

Bartender Richard Alam has poured hardly any drinks at his pub in Lebanon's seaside city of Byblos, where once-busy streets have emptied of customers scared by border tensions during the Israel-Hamas war. Since then, Lebanon's southern border has seen deadly escalating skirmishes, mainly between Israel and Hamas ally Hezbollah.

EU agrees data-sharing scheme for Airbnb-style rentals
EU agrees data-sharing scheme for Airbnb-style rentals
Business and Economy
by  AFP

An EU-wide data-sharing scheme for Airbnb and similar rentals to help crack down on illegal short-term lets is a step closer after negotiators struck agreement Thursday. Airbnb welcomed the EU agreement, saying setting "clear rules" across the European Union to replace the current patchwork of national laws on the sector was "a watershed moment for Airbnb and our industry".

Rich nations 'likely' met $100 bn climate finance goal: OECD
Rich nations 'likely' met $100 bn climate finance goal: OECD
Business and Economy
by  AFP

Wealthy nations likely met their goal of providing $100 billion in annual climate finance to poorer nations last year -- two years later than promised and only a fraction of the "extensive needs", the OECD said Thursday. Adaptation is a key priority for developing countries and wealthy governments have promised to double adaptation finance by 2025, to $40 billion a year.

Oil, gas giants could pay climate damage and still profit: research
Oil, gas giants could pay climate damage and still profit: research
Business and Economy
by  AFP

Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday. The estimated damage caused by carbon emissions from the 25 companies cost $20 trillion from 1985 to 2018 -- but during that time they earned $30 trillion, the report said.

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