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DUBAI, United Arab Emirates (AP) — Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an “economic D-Day” and would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade. The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets. Iran’s official Central Bank rate stood at around […]

DUBAI, United Arab Emirates (AP) — Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an “economic D-Day” and would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade. The rial dropped to 2.02 million to the U.S. dollar as trading opened on informal currency markets. Iran’s official Central Bank rate stood at around […]

By Sheila Dang MIDLAND, Texas, Aug 24 (Reuters) – In rural west Texas where oil rigs and pump jacks dot the sparse flat landscape, an ExxonMobil contractor sits in a small office on a drilling rig, using controls on a screen to operate robotic machinery and move tall steel pipes weighing roughly 2,000 pounds. This work would usually require human overseers standing on the rig floor, the most common location […]

By Nathan Layne and Steve Holland Aug 24 (Reuters) – President Donald Trump’s Republican Party is increasingly viewing its first-of-a-kind midterm convention in Dallas next month as crucial to regaining momentum at a time when opinion polls show voter frustration over the economy and the Iran war, according to party officials, donors and convention planners. When Republicans announced the convention earlier this year, some strategists dismissed it as a distraction […]

By Howard Schneider WASHINGTON, Aug 24 (Reuters) – U.S. Federal Reserve Chairman Kevin Warsh’s debut speech at the annual Jackson Hole conference this week, self-advertised as a choice between discussing near-term policy or broader principles, has taken on added weight as traders and analysts look for guidance about the recent jump in bond yields and for reassurance of his independence from the Trump administration. Warsh has said he wants to […]

By Yasmeen Abutaleb and Bo Erickson WASHINGTON, Aug 24 (Reuters) – President Donald Trump’s frustration that his administration was not doing enough to address what he considers a likely contributor to autism drove a U.S. executive order this month that cut back the number of childhood vaccinations, administration officials told Reuters. These five current and former officials privately say the order alone does not substantially change U.S. vaccine policy and […]

BEIJING, Aug 24 (Reuters) – China’s Foreign Minister Wang Yi said on Monday the situation in the Middle East and Gulf region had again reached a critical juncture and urged parties involved to return to dialogue and negotiations as soon as possible. Wang made the remarks in a meeting with Foreign Minister of Kuwait Sheikh Jarrah Jaber Al-Ahmad Al-Sabah in Beijing, according to a Chinese foreign ministry statement. • Wang […]

JAKARTA, Aug 24 (Reuters) – The death toll from an earthquake that hit eastern Indonesia reached 100 on Monday, the disaster agency chief said, as relief operations continued for a 10th day.  The 7.7-magnitude quake shook the province of East Nusa Tenggara on August 15, followed by thousands of aftershocks, damaging more than 73,000 homes and forcing the evacuation of about 180,000 people. • The death toll reached 100 as […]

KYIV, Aug 24 (Reuters) – Ukrainian President Volodymyr Zelenskiy said Russia was “not ready” for a ceasefire on attacks on ships in the Black Sea carrying agricultural produce, as Moscow wants to extend any deal to cover attacks on Russian refineries and pipelines. Moscow and Kyiv, major ​players in global agriculture markets, have accused each other of intensified attacks on vessels used for food ⁠exports during Russia’s war in Ukraine. […]