currency devaluation
Iran's Currency Crisis: Rial Hits Record Low of 1.2 Million to Dollar Amid Tightening Sanctions
Dec 04, 2025 12:04 am CST
Iran's rial has plummeted to an unprecedented 1.2 million to the US dollar as renewed nuclear sanctions devastate the economy. With Trump's "maximum pressure" campaign and UN sanctions reimposed, Iranians face soaring food prices and infrastructure concerns while the currency has lost over 97% of its value since the 2015 nuclear deal.
Warren Buffett to Donate $149 Billion in Berkshire Stock as He Steps Down as CEO
Nov 11, 2025 05:39 pm CST
Billionaire Warren Buffett announces retirement as Berkshire Hathaway CEO while pledging to donate his remaining $149 billion in company stock to charitable foundations. The 94-year-old investment legend will be succeeded by Gregory Abel after year-end, maintaining optimism about the company's future while expressing concerns about currency devaluation and trade policies.
UN Sanctions Return Against Iran After Nuclear Negotiations Fail: Global Economic Implications
Sep 28, 2025 10:00 am CST
Comprehensive UN sanctions against Iran have been reinstated after a decade following failed nuclear negotiations with Western powers, triggering significant economic concerns as the Iranian currency hits record lows. While US Secretary of State Marco Rubio urges immediate implementation, European leaders maintain openness to diplomacy despite Russia's refusal to recognize the sanctions' validity. The measures target Iran's nuclear and missile programs amid ongoing regional tensions.