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Lebanon to take legal action against UK newspaper for weapon-related report: minister

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Lebanon to take legal action against UK newspaper for weapon-related report: minister

2024-06-25 22:25 Last Updated At:06-26 02:37

Lebanon will take legal action against British newspaper The Telegraph for its report claiming that Hezbollah is using a civilian airport in Beirut to store ammunition and missiles, a senior Lebanese official said on Monday.

The report, published on Sunday in The Telegraph, claims that "whistleblowers" had allegedly reported the arrival of unusually large boxes on direct flights from Iran to Beirut via the Rafic Hariri International Airport.

In response to The Telegraph's claims, the Lebanese government organized a tour for some ambassadors and journalists to the Air Cargo Center at the airport.

The Lebanese government accused the British newspaper of tarnishing its reputation.

"We invited all the ambassadors and the invitation was a general invitation for a field visit on the ground and to all the airport's facilities, the most important of which are the export and import centers at the airport, which account for 20 percent of the export and import traffic at the airport, concerned with providing services to the Iranian plane referred to in the Telegraph's report. The Telegraph tried to tarnish the reputation of the Rafic Hariri International Airport. Therefore, we are conducting a legal study with the Presidency of the Lebanese government about the necessary legal measures to be taken," said Ali Hamieh, Lebanon's caretaker Minister of Public Works and Transportation.

The Egyptian ambassador to Lebanon said that the presence of the ambassadors on the tour sent a message of support to Lebanon.

"We were pleased to visit Rafic Hariri Airport at the invitation of Minister Ali Hamia, and it was an opportunity to see how the airport works, and we inspected some of its facilities, and heard from the officials here how things are managed here in terms of security and technical matters, especially concerning import and export. The other ambassadors and I are not responsible for inspecting Beirut Airport and looking for prohibited items, but the purpose of our presence is to send a message of support to Lebanon," said Alaa Moussa, the Egyptian Ambassador.

Lebanon to take legal action against UK newspaper for weapon-related report: minister

Lebanon to take legal action against UK newspaper for weapon-related report: minister

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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