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Lebanon Adopts Market Rates to Deal with Debt

Lebanon’s finance ministry and central bank have come up with a new plan to finance the debt-burdened country. But their method is set to increase its cost of financing even further, as the government starts issuing local currency debt at market rates — higher than the rates treasury bills are currently issued at — in order to attract local banks.

Pompeo, at UN, Urges Tougher Action on Iran Missiles

US Secretary of State Mike Pompeo on Wednesday urged the United Nations to tighten restrictions on Iran's missiles, saying the Islamic republic had hundreds of projectiles that could strike US allies. Pompeo headed to New York for a Security Council meeting on Iran, which recently confirmed a medium-range ballistic test, arguing it is legal and necessary for its defense.

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