Australia to recognise Palestinian state in September
Australia will recognise a Palestinian state during the United Nations General Assembly in September, Prime Minister Anthony Albanese announced on Mon...
Iran's cabinet has endorsed a plan to slash four zeros from the national currency, pending parliamentary and Constitutional Council approval.
Government spokeswoman Fatemeh Mohajerani said on Sunday that the decision, approved during a cabinet meeting in Tehran, follows last week's approval by the Iranian parliament’s economic commission. Speaking to reporters, Mohajerani clarified that the currency will remain the rial, subdivided into the gheran, and the transition will be gradual, with both the current and new denominations circulating for a period.
Shamseddin Hosseini, chairman of the parliament's economic commission, said the reform aims to simplify financial transactions, noting that one rial would be valued at 10,000 of its current unit and split into 100 gherans.
Currently, 1 U.S. dollar is equal to nearly 40,000 Iranian rials at the official rate, but trades for more than 90,000 rials on the free market.
The proposal still requires parliamentary endorsement and clearance from the Constitutional Council before implementation.
Iran’s currency has faced steep depreciation since the U.S. withdrawal from the 2015 nuclear deal in May 2018 and the subsequent reinstatement of sanctions, which have strained the country’s economy.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Israeli Prime Minister Benjamin Netanyahu said Sunday that the conflict in Gaza will end once Hamas is disarmed and hostages are freed, unveiling a five-point plan for the territory’s future while accusing international media of spreading “Hamas lies.”
On 10 August, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of the Republic of Azerbaijan Ilham Aliyev.
Armenia’s Deputy Foreign Minister Vahan Kostanyan has described the joint peace declaration signed with Azerbaijan in Washington as “historic” and an opportunity to advance normalisation with Türkiye.
More than 100,000 people filled the streets of Tel Aviv on Saturday night to oppose Prime Minister Benjamin Netanyahu’s plan to expand the nearly two-year Gaza war, demanding an immediate ceasefire and the release of hostages.
President Ilham Aliyev’s working visit to the United States featured high-level talks, landmark agreements, and a historic peace signing, marking a turning point in Azerbaijan’s relations with Washington and the wider South Caucasus.
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