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A 5.7 magnitude earthquake struck 50 km north-northwest of Derbent, Russia, at 00:33 local time Wednesday morning, according to the European-Mediterranean Seismological Centre (EMSC) . The quake’s epicentre was at a depth of 11 km.
The Republican Seismological Service Centre under the Azerbaijan National Academy of Sciences (ANAS) reported that the earthquake in Dagestan had an epicentre depth of 66 km. The tremor was felt at a level of 3-4 on the local intensity scale.
The natural event was also felt across several regions and cities in Azerbaijan, including Quba, Qusar, Khinalig, Baku, Sumqayit, Khankendi, Aghdam, Fuzuli, Shabran, Ganja, Nabran, Oguz, and Khachmaz.
No casualties or damage have been reported so far.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Kazakhstan is discussing support for the Trans-Caspian green energy corridor with the European Commission, as work continues on a project to transmit electricity from Central Asia towards European markets, Kazakhstan's Energy Ministry said.
Uzbekistan's region of Karakalpakstan is developing three cryptocurrency mining facilities and three data centers with a combined investment of $5.1 billion, as the region seeks to attract larger and higher-quality investments.
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
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