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FTX founder Sam Bankman-Fried is set to be sentenced; Home Depot is buying SRS Distribution for $18.25 billion; Fisker cuts some electric vehicle prices; RH’s new products are well received; and China lifts tariffs on Australian wine. Here’s what investors need to know today. ....
Soaring Food Prices Make Ramadan Meals a Luxury in Lebanon Lin Noueihed, Bloomberg News Residents receive boxes of food from an aid distribution point in Beirut, Lebanon on April 14. Photographer: Francesca Volpi/Bloomberg , Bloomberg (Bloomberg) This Ramadan, the pleas reaching the Lebanese Food Bank have taken on a new resonance. Among the emails and calls it receives each day, an increasing number are coming from âeducated people, people who used to be in the middle class,â according to executive director Soha Zaiter. The changing demographic of those seeking help during the Islamic holy month is a study in how Lebanonâs free-falling economy is shifting the landscape for the countryâs 6.8 million population. Where Muslims across the nation would once celebrate the breaking of the fast with an âiftarâ meal with friends and relatives, preserving that tradition has ....