US Named the World's Most Competitive Economy

The United States was named the world's most competitive economy by the World Economic Forum (WEF) on Wednesday. In its Global Competitiveness Index, WEF — known for its annual economic forum in Davos, Switzerland — ranked the U.S. as the most competitive of 140 economies, the first time the nation has reached the top spot in a decade.

Tawile: Lebanon Facing Real Economic Crisis

Head of the Kataeb's Economic and Social Council Jean Tawile Sunday affirmed that the monetary situation in Lebanon is under control, warning, however, that the country is facing a real economic crisis. "This is not a secret, but rather a concrete reality. If this crisis continues, then it will have a negative impact on the monetary situation," Tawile said in an interview on Voice of Lebanon radio station.