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Get latest articles and stories on World at LatestLY. Lebanon is facing a full economic meltdown and is virtually on a precipice economically, politically and socially. Although it cannot yet be described as a failed state, it is on the verge of becoming one. World News | Lebanon on Verge of Becoming Failed State Amid Economic, Political, Social Fiasco.
Get latest articles and stories on World at LatestLY. In an effort to show the world that Moscow can do business as usual and execute projects agreed upon with other countries, despite US and EU sanctions, the Russian nuclear company Rosatom decided to transfer USD15 billion to Turkey for the construction of the Akkuyu nuclear power plant. Bloomberg has reported that officials said that an initial USD 5 billion had already been received last week. World News | Russian Company Transfers Money to Complete Akkuyu Nuclear Power Plant in Turkey.
US President Joe Biden's first official visit to the Middle East this week clearly shows that, in the wake of the Russian invasion of Ukraine and the big energy crisis created for European countries, he has realized that he must reverse the US strategy of withdrawal from the Middle East and try to recalibrate his relations with Middle East leaders. Joe Biden Seeks to Recalibrate US Relations With Middle East Countries.
Turkey's Foreign Minister Mevlut Cavusoglu, acting on President Recep Tayyip Erdogan's orders, spoiled at least temporarily what would have been the biggest historic shift in European security in decades, by blocking last Wednesday the start of NATO membership talks with Finland and Sweden. Turkey Blackmails NATO, Being Only Country Benefiting From the Ukraine War.
Get latest articles and stories on World at LatestLY. Lebanon, a country plagued by state mismanagement and rampant corruption, the currency of which lost 90 per cent of its value and 80 per cent of its population live below the poverty line, on Sunday had its first elections since 2018. World News | Will Sunday's Elections Weaken Hezbollah's Grip on Lebanon?.