Lebanon Mountain Club Dodges Economic Crisis

People shop in a commercial area in the upmarket Faqra Club in the Lebanese mountains north of Beirut on July 25, 2020. (Photo by JOSEPH EID / AFP)
People shop in a commercial area in the upmarket Faqra Club in the Lebanese mountains north of Beirut on July 25, 2020. (Photo by JOSEPH EID / AFP)
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Lebanon Mountain Club Dodges Economic Crisis

People shop in a commercial area in the upmarket Faqra Club in the Lebanese mountains north of Beirut on July 25, 2020. (Photo by JOSEPH EID / AFP)
People shop in a commercial area in the upmarket Faqra Club in the Lebanese mountains north of Beirut on July 25, 2020. (Photo by JOSEPH EID / AFP)

Panama hats and designer sunglasses, champagne buckets and luxury cars: in the mountain resort town of Faqra, Lebanon's economic crisis is not immediately obvious.

Digging into a crunchy salad at an exclusive country club in the Lebanese mountains, Zeina el-Khalil said she was glad to have escaped here for the summer.

"The atmosphere in Beirut has become heavy and depressing. Reality is everywhere. But here we feel like we're in another country," she said.

Lebanon is mired in its worst economic crisis in decades, with the downturn sparking soaring inflation and plunging almost half the country's population into poverty.

For the better-off, any plans of holidays abroad have been dashed this year after banks prevented dollar withdrawals or transfers and the coronavirus pandemic further complicated international travel.

But around 200 of the country's most wealthy families have found an escape in Faqra Club, a private club perched 1,600 meters (5,250 feet) above the Mediterranean.

"Usually we spend our holidays abroad, but this year we can't travel for financial reasons and COVID-19," said the woman in her fifties with a golden tan.

Nestled in a mountain resort town famous for its ski slopes, the Faqra Club is an oasis of luxury in an otherwise collapsing country.

It's motto, according to the official website, is: "Life at the top."

Expensive cars packed the parking lot outside, while club members shuffled between its many facilities, which include a horse stable, a tennis court and a 9D movie theater.

Around a long swimming pool, bronzed bodies sprawled on sofas and sun loungers, as music blasted in the background.

"Life must go on," said Sara, a 26-year-old lawyer, a smile on her face.

"We won't stay trapped in the house," she told AFP from in the pool.

Sealed off from the many woes plaguing the rest of the country, the Faqra Club has become a magnet for those looking to make brisk business.

Many restaurants and stores have opened Faqra chains, with the hopes of softening the blow of an economic crisis that has seen the value of the Lebanese pound plummet against the dollar on the black market.

Along a bustling alley, around 40 kiosks dotted the side of the street, some displaying luxury swimsuits and silk Abayas.

The Auberge de Faqra, the main hotel in Faqra Club, is fully booked every weekend, while landmark hotels across the country have shut down because of bankruptcy.

Its rate stands at 795,000 Lebanese pounds per night, equivalent to $530 at the official rate of 1,500 Lebanese pounds to the dollar.

But at the black market exchange rate, the stay costs only around $100.

For those who have access to the greenback, the price is a bargain, even though the club has almost doubled its rate since last summer.

"Many of our customers have dollars. For them, the stay has actually become cheaper," said a hotel employee, who asked not to be named.

The relative prosperity on display in Faqra has not gone unnoticed.

In early July, a video showing a teenager flaunting a dollar banknote to a TV reporter caused a storm of social media criticism against an out of touch elite sheltered from the country's crisis.

But for Khalil, the criticism is unfounded.

"Getting the economy moving and making life better is not a bad thing," said the woman, who is a director of a Lebanese NGO that teaches underprivileged children.

"All the people here are trying to help the poor. If they are trying to live (at the same time)... that should not be seen in a negative light."



Portugal Storm Alert Closes Schools

View of a flooded area after storm Leo passed by Alcacer do Sal, Portugal, February 5, 2026. (Reuters)
View of a flooded area after storm Leo passed by Alcacer do Sal, Portugal, February 5, 2026. (Reuters)
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Portugal Storm Alert Closes Schools

View of a flooded area after storm Leo passed by Alcacer do Sal, Portugal, February 5, 2026. (Reuters)
View of a flooded area after storm Leo passed by Alcacer do Sal, Portugal, February 5, 2026. (Reuters)

Portugal will shut schools and non-essential public services on Wednesday, with the government urging people to shelter from winds potentially reaching 140 kilometers (85 miles) per hour.

"All those who can should stay at home," Interior Minister Luis Neves told a press conference on Tuesday at the civil protection service's headquarters.

Eight of the country's districts, including the capital Lisbon, are on the highest red alert for extreme weather, with Storm Charles expected to reach mainland Portugal on Wednesday morning after passing the island of Madeira late Tuesday.

Forecasts of downpours have raised fears of floods, especially in cities, like those which devastated the Iberian nation in early 2026.

Between January 22 and February 16, Portugal was battered by six successive storms which authorities said left at least seven dead. Some Portuguese media put the toll higher at nearly 20 direct and indirect victims.

The Iberian peninsula is especially exposed to extreme weather patterns, such as heatwaves and periods of heavy rains, supercharged by man-made climate change.


British Writer John Harrison Wins 2026 Booker Prize for ‘The End of Everything’

British author John Harrison poses after winning the 2026 Booker Prize for his novel "The End of Everything" at the awards ceremony in London, Britain, 09 November 2026. (EPA)
British author John Harrison poses after winning the 2026 Booker Prize for his novel "The End of Everything" at the awards ceremony in London, Britain, 09 November 2026. (EPA)
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British Writer John Harrison Wins 2026 Booker Prize for ‘The End of Everything’

British author John Harrison poses after winning the 2026 Booker Prize for his novel "The End of Everything" at the awards ceremony in London, Britain, 09 November 2026. (EPA)
British author John Harrison poses after winning the 2026 Booker Prize for his novel "The End of Everything" at the awards ceremony in London, Britain, 09 November 2026. (EPA)

British author ‌John Harrison has won the 2026 Booker Prize for his novel, "The End of Everything," a dystopian satire that the prize says probes the limits of human understanding, becoming the oldest winner in the literary award's history at age 81.

Harrison's 13th novel follows Phillip Tennent and his elderly aunt Marnie on England's south coast years after social order has broken down ‌and mysterious entities ‌known as the iGhetti have arrived.

The ‌Booker ⁠judges unanimously selected ⁠the 198-page book, saying it "turns you upside down, raises a wry smile and, surprisingly, given the subject matter, leaves you with a twinge of optimism."

The victory was the first Booker Prize for Harrison, whose career as a ⁠novelist and critic spans six ‌decades and includes acclaimed science ‌fiction and fantasy works.

His win also marks ‌a rare triumph for speculative fiction.

Mary Beard, ‌chair of the judging panel, described the book as "the politics of now seen through the lens of the future", saying it depicts a society grappling ‌with a catastrophe its inhabitants do not fully understand.

Accepting the £50,000 ($67,235) prize at ⁠a ⁠ceremony in London, Harrison said literary awards remained important in a "landscape of industrialized fiction."

Speaking to the Booker Prize in August, Harrison said his novel was inspired by the 2008 financial crisis and asks what happens when "all of our expectations and explanations of the world become an ongoing disaster, but we still have to make a life."

Harrison beat a shortlist that included former Booker winners Douglas Stuart and Marlon James.


Fossil Fuel Emissions Fall Due to Iran War, Renewables, Research Finds

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 9, 2026. (Reuters)
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 9, 2026. (Reuters)
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Fossil Fuel Emissions Fall Due to Iran War, Renewables, Research Finds

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 9, 2026. (Reuters)
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 9, 2026. (Reuters)

Global fossil fuel emissions are projected to fall slightly in 2026 due to the expansion of renewable energy and the oil price shock sparked by the Iran war, researchers said Tuesday.

Emissions from the burning of oil, gas and coal -- the main drivers of climate change -- rose by 0.9 percent per year on average in the past decade, hitting a record high in 2025, according to the Global Carbon Budget report.

But they are expected to drop by 0.4 percent in 2026, according to the research, published as nations meet at the UN's COP31 climate summit in Antalya, Türkiye.

It would be the first annual drop since 2020, when the Covid pandemic paralyzed the global economy, trade and transport.

This year, the US-led war in Iran and closure of the Strait of Hormuz played a role in driving emissions down as it caused a drop in oil consumption amid soaring crude prices, the researchers found.

The deployment of solar panels, wind farms and electric vehicles also contributed to the drop. Two thirds of the increase in global energy demand is being met by solar and wind power and electric vehicles, the report found.

"A decline in fossil CO2 emissions is encouraging, but a reduction driven partly by geopolitical shocks is not a sustainable climate solution," said Pierre Friedlingstein, director of the Global Carbon Budget Office at the University of Exeter in Britain.

"The long-term answer remains the rapid deployment of clean energy technologies," said Friedlingstein, who led the study published in the journal Earth System Science Data.

- Rebound looms -

Corinne Le Quere, a climate change science professor at the University of East Anglia, noted that emissions rebounded when economies recovered following shocks such as Covid or the global financial crisis.

A rebound is likely "when the oil tensions go away", she said in a media briefing.

Oil-related emissions are projected to drop 1.9 percent last year but it was "likely a short-term response to the energy shock triggered by the Iran conflict", the researchers said.

Gas emissions are set to fall 0.3 percent while those from coal use will rise 0.6 percent.

Overall, fossil carbon dioxide emissions are expected to reach 38.2 billion tons in 2026.

Including emissions from land-use change such as deforestation, total CO2 emissions are projected to rise to 43.3 billion tons, from 42.8 billion tonnes last year.

The researchers said land-use emissions are projected to rise partly due to peat fires and forest degradation in southeast Asia, associated with drier conditions linked to this year's exceptionally strong El Nino climate pattern.

The report found that the world's carbon budget -- the amount of CO2 that can be emitted before global warming exceeds 1.5C above pre-industrial levels -- stands at 150 billion tons.

The researchers calculated that at the current, the carbon budget would be exhausted in less than four years.

Nations agreed at the 2015 UN climate talks in Paris to keep global warming "well below" 2C above pre-industrial levels, while pursuing efforts to limit it to 1.5C.

But the United Nations declared in September that the long-term 1.5C target would be missed in a matter of years.

Scientists say it is crucial to reduce greenhouse gas emissions from fossil fuels to limit the period of "overshoot" above 1.5C and bring temperatures back down as quickly as possible.