Lebanon’s rising power cuts add to gloom of economic crisis


Lebanon’s rising power cuts add to gloom of economic crisis

BEIRUT (AP) — Lebanese are buying candles in bulk, turning to traditional kerosene lamps and throwing away rotten food because of prolonged power cuts that plunged the country into darkness this week, adding to the gloom of a deepening economic crisis. The country’s electricity company and the powerful operators of generators had been rationing power since late June as fuel supplies dwindle amid uncertainty over the next shipment. Lebanon has been shaken by a severe economic and financial crisis, made worse in recent months by the coronavirus and lockdown restrictions. The financial crisis features a collapse of the local currency, which lost more than 80% of its value, and severe shortage of dollars. 

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Source: Binghamton NY Latest News
Lebanon’s rising power cuts add to gloom of economic crisis

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