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What's next for Lebanon?

Some of the worst sectarian clashes since Lebanon's 15-year civil war (1975-1990) broke out in Beirut this week between supporters of Hezbollah and Amal, both Shiite political parties, and Christian, far-right Lebanese Forces. Shiite protesters were rallying against the state probe into the Beirut port blast, which occurred last year. They say authorities were singling out Shiite politicians for questioning and blame. Below is our original piece on the Beirut port explosions published on August 5, 2020.


The twin explosions at Beirut's port on Tuesday were so powerful that the aftershocks reverberated as far as the Eastern Mediterranean island of Cyprus, 150 miles away. The specter of fire and smoke was such that many suggested on social media that Beirut had experienced a nuclear blast.

In the days ahead, more details will come to light about why a deadly cache of materials was haphazardly stashed at a port warehouse, and why Lebanon's government failed to secure the site. So, what comes next for crisis-ridden Lebanon?

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Quick Take: Latest vaccine news may be a light at the end of the tunnel

Ian Bremmer's Quick Take:

Hey, everybody. Ian Bremmer here, happy Monday, Thanksgiving week. Things starting to look increasingly normal in terms of outlook, in terms of having all of these vaccines. I understand that the next few months in the United States are going to be incredibly challenging, but so much easier when you see that there's light at the end of the tunnel and you know where that's coming. Most recently, the AstraZeneca announcement, which for me, in some ways is a bigger deal globally, even than what we've seen from Moderna and Pfizer, because it doesn't require freezing, it's just refrigeration, which means that countries around the world that don't have the infrastructure to deal with this cold chain requirements of these vaccines will be able to use another set of vaccines with different technology. That's not just AstraZeneca, it will be Johnson and Johnson. It's the Russians. It's the Chinese.

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Episode 8: What to expect from Joe Biden’s Presidency

Listen: It was an election for the history books in many ways, with record voter turnout during an unprecedented global health crisis. And while President-elect Joe Biden emerged as the winner after securing close-margin victories in some key states, he will undoubtedly face a deeply divided nation when he takes the oath of office in January 2021.

In our latest episode of Living Beyond Borders, we're examining what the election results mean to the US, the world, and your wallet. From taxes to trade and climate change, our experts offer the facts and figures you need to know as America prepares for the Inauguration of the 46th President.

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Why big business should help small business - and how

Kevin Sneader, Global Managing Partner at McKinsey & Company, provides perspective on what corporate business leaders are thinking during the global coronavirus crisis

Should big business care about small business in these times?

The answer is yes and for many reasons. First, small business is the lifeblood of our economies. 45% of employment in emerging countries and 70% in the OECD comes from small and medium enterprises. Moreover, these enterprises have been badly hit by the crisis. Surveys indicate as many as 50% of European small to medium enterprises feel they may not survive over 12 months. While SMEs are relying on government support, larger companies do have a role to play. After all, this includes prioritizing small business and procurement by locking in demand for multiple years, thus facilitating access to good credit, paying receivables to small business in time and where possible, ahead of schedule. Cash flow matters most when you're small. Looking out for small businesses that have lower resilience. For example, financial institutions can lend more and in doing so, ensure deeper customer relationships in the future.

Episode 6: Big cities after COVID: boom or bust?

Listen: What will the cities of the future look like? Before the COVID-19 pandemic, the answer to that question was clearer: Urban areas around the world were on a trajectory of exponential growth, with 68% of the world's population expected to live in cities by 2050.

It's unlikely the pandemic can dramatically alter that unstoppable trend, particularly in developing nations. But it will no doubt be impacted by the economic and lifestyle changes this global crisis has brought, from New York to London to Tokyo and beyond.

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Quick Take: Pandemic and the presidential election

Ian Bremmer's Quick Take:

Hi, everybody. Ian Bremmer here. Yet another exciting week in the run-up to the US elections. Not the only thing going on, though, not at all. I mean, first of all, coronavirus continues to be by far the biggest story in the US, in Europe, as we have a major second wave, and indeed in many countries around the world. Also, we're seeing a lot more instability pop up. I mean, we've had every Sunday now for about three months massive unprecedented protests in Belarus. They're not slowing down at all. We see major demonstrations, including anti-royal demonstrations in Thailand, Pakistan. You've got significant instability right now, of course, we'd seen in Lebanon over the past months. Why is this all going on? Is this a GZERO phenomenon?

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What to expect for second-quarter earnings season; H2 2020 outlook

Betty Liu, Executive Vice Chairman for NYSE Group, provides her perspective:

What are analysts expecting, going to the second quarter earnings season?

So, this earnings season has just started this past week, you saw banks kick off their reports. And as you can well imagine, analyst estimates are pretty much all over the place. And part of that is because a good number of companies did not provide guidance. Now, according to some estimates, some analysts estimates, we could see an earnings season decline or earnings decline as much as 44% this time around. That would be one of the biggest declines since 2008, the prior crisis.

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The Graphic Truth: COVID-19's toll on public health vs economy

The coronavirus global death toll topped 500,000 this week. The pandemic has unleashed twin public health and economic crises in most parts of the world, and some countries have been hit particularly hard by both. Here we take a look at COVID-19 fatalities per 100,000 people and Q1 2020 economic performance rates in the 10 countries with most deaths worldwide.

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