economic

The US unemployment rate dropped to its lowest level for more than 49 years in April, according to official figures.

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said the CBI has six plans to control the country’s foreign exchange market and offset the new phase of US sanctions against the Islamic Republic.

A technical failure in an oil tanker belonging to the National Iranian Tanker Co (NITC) forced the ship to berth at the Saudi port of Jeddah, the company said, noting that all crew on board the vessel are safe.

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) said it is impossible to eliminate Iran from the international oil market.

US President Donald Trump’s unexpected decision to ban all Iranian oil purchases after May 1 - ending exemptions for eight nations - came after hawkish economic and security advisers allayed the president’s fears of an oil price hike, according to three sources.

Indian External Affairs Minister Sushma Swaraj spoke to her US counterpart Mike Pompeo about flexibility in US sanctions on Iranian oil imports but America’s top diplomat was non-committal, people familiar with developments said.

China and India could work together “to form a buyers' bloc” following the US decision to halt exemptions of sanctions on countries importing oil from Iran, according to Chinese and Indian analysts.

The air we breathe is killing us.

The US has warned that its intelligence sharing with other countries would have to be re-evaluated if those countries use Huawei to build their 5G networks.

Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission.