Faced with public outcry over chronic power cuts and rising pollution, Iranian officials have targeted energy-intensive cryptocurrency mining farms. But are they just a scapegoat?
Despite its volatility, many investment funds continue to buy bitcoin, while banking giants have compared it to haven investment gold.
Iranian parliamentary officials announced 35 percent of the country’s population live under the poverty line and most of them face the risk of malnutrition.
Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.
The cryptocurrency is now close to its all-time high of just under $20,000, which it touched at the peak of its retail investor-fueled 2017 bubble.
UN food agency has appealed for an additional $250 million to provide relief to millions of Zimbabweans.
A redenomination of the currency won’t make Tehran’s economic woes go away.
People are buying up gold as an investment, and trying to stave off inflation as the pandemic wreaks havoc on economies.
Mirroring the emptying of supermarket shelves around the world, indebted corporates have rushed into money markets to hoard dollars, with a global shortage of greenback funding threatening to cripple firms from airlines to retailers.
Yemen’s warring sides opened a new front in their five-year conflict on Saturday - a battle over old and new banknotes that threatens to create two economies in the same state.
The fallout from the 2008 global financial crisis refuses to go away and now leading economists may be looking to upend traditional neoliberal economic policy.
After going into recession last year, Turkey's economy has been showing signs of recovery as inflation fell to single digits in October, largely due to a so-called base effect.
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