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Iran's currency sees a new record low amid biting sanctions

Iran’s currency dropped Thursday to its lowest value ever at 300,000 rial for each dollar amid severe US sanctions against the country. The rial has tumbled from a rate of around 262,000 in mid-September, a 12 percent drop. Iran’s currency was at 32,000 rials to the dollar at the...

Sudan to strike peace with rebels after decades of war

Sudan's government and rebels are to sign a landmark peace deal Saturday in a bid to end decades of war in which hundreds of thousands died -- a historic achievement, if it holds. Ending Sudan's internal conflicts has been a top priority of the transition government in power since last...

Dubai builder of world's tallest building to be liquidated

The Dubai-based construction company that helped build the world's tallest building and other engineering marvels in the United Arab Emirates announced Thursday it would enter liquidation, the final step in a long collapse from the country's economic crisis a decade ago hastened by the...

Europe's worst infection hotspot Madrid heads for lockdown

Madrid is to go into lockdown in the coming days after the region's leader reluctantly agreed Thursday to obey a central government order to ban non-essential travel in the Spanish capital that is Europe's worst COVID-19 hotspot. The Madrid region has 859 cases per 100,000 people, according...