More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion in economic losses, with actual structural damage amounting to billions more, the World Bank said on Thursday.

Plumes of smoke rose over Beirut as the strikes continued, while raids also reached southern Lebanon’s Bint Jbeil, where overnight airstrikes and artillery shelling inflicted heavy damage on buildings and residential complexes, according to Lebanon’s ...

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the conflict continues.