August 2nd, 2011
10:40 AM GMT
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Beirut was known as the Paris of the Middle East before 15 years of civil war ripped the city apart.

Then the country's late Prime Minister, Rafik Hariri, established building company Soildere to recreate the city centre from scratch. The company created a glamorous new area in downtown Beirut, packed with luxury brands.

But Solidere remains controversial due its wide legal mandate, which gave it almost total control over the future of Beirut’s downtown area.

As the city continues to recover from the war, proponents such as Lebanon’s Prime Minister Najib Mikati are trying to silence the critics.



August 2nd, 2011
10:32 AM GMT
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Cutting 30,000 jobs despite recording almost $12 billion in profit may sound irresponsible – but it’s not.

Banks are basically huge computers with relationship managers interfacing with customers. While most investment in retail banks has drawn to a halt, technology departments have actually grown, with the level of automation increasing.
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Filed under: Banking


August 2nd, 2011
09:57 AM GMT
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Tokyo (CNN) - Imagine your paycheck gets slashed by 99.4%.

That would make me, and pretty much everyone I know, weep with sadness.

Well, that’s essentially what Toyota says has happened to its net income for the period between April and June this year - the first full quarter after the catastrophic earthquake and tsunami in Japan on March 11.
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