Iran’s oil minister resigns as country’s economic crisis worsensIran’s oil minister resigns as country’s economic crisis worsens

Departure comes amid large drop in oil receipts, rampant inflation and shrinking economy Iran’s oil minister has resigned days after allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars’ worth of export receipts to the state. Mohsen Paknejad’s departure comes as Iran grapples with a dire ...

US President Donald Trump pledges cash to retirees ahead of midtermsUS President Donald Trump pledges cash to retirees ahead of midterms

US President Donald Trump promised payments to retirees ahead of the midterm elections, which critics warn would worsen the deficit, stoke inflation and amount to bribery. The spending proposal — which comes after he pledged to pay all adult Americans $5,000 if the Republicans triumph — comes alongside Trump’s use ...

Spain’s PM calls snap election as housing price protests growSpain’s PM calls snap election as housing price protests grow

Spanish Prime Minister Pedro Sánchez called a snap election next month after parliament rejected his proposed plan to tame public anger about the country’s housing crisis. A temporary eviction of an 87-year-old pensioner from her Madrid home has galvanized demonstrations that have spread across Spain. Soaring property prices have upended ...