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U.S. is planning weekly Iran sanctions against banks, Bessent tells G20●Morgan Stanley rattles investors with bombshell HP stock verdict●BT on track for estimated £2bn windfall from selling old copper amid AI boom●Nvidia is investing $3.5 billion in Taiwan's MediaTek to deepen AI chip partnership●South Korea Will Give Every Citizen Free AI Access With Unlimited Tokens●Shein prices Hong Kong IPO at midpoint of range, raises $1.74 billion●Oil Companies and Banks Face UK Windfall Tax Threat●Fed Chair Warsh's Jackson Hole Debut: What He Said, and Didn't Say, About Rate Hikes●U.S. is planning weekly Iran sanctions against banks, Bessent tells G20●Morgan Stanley rattles investors with bombshell HP stock verdict●BT on track for estimated £2bn windfall from selling old copper amid AI boom●Nvidia is investing $3.5 billion in Taiwan's MediaTek to deepen AI chip partnership●South Korea Will Give Every Citizen Free AI Access With Unlimited Tokens●Shein prices Hong Kong IPO at midpoint of range, raises $1.74 billion●Oil Companies and Banks Face UK Windfall Tax Threat●Fed Chair Warsh's Jackson Hole Debut: What He Said, and Didn't Say, About Rate Hikes●

Economy

Iran’s economy in crisis as US launches new sanctions campaign

Economics | The Guardian · 1h ago · 🇺🇸 United States

Iran’s economy in crisis as US launches new sanctions campaign

Trump’s Operation Economic Outcast is expected to push many Iranians into deeper poverty as food inflation soars For many Iranians, the new US sanctions campaign, called Operation Economic Outcast, seems superfluous given the grim economic situation in their country. Iranians are facing runaway food inflation, closed petrol stations and a seemingly never-ending depreciation of the nation’s currency caused by a lack of foreign exchange reserves. Continue reading...

Read the full story at Economics | The Guardian →

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