Skip to content
Search

Latest Stories

Hard Numbers

Hard Numbers: Iran’s struggle is rial, China lures tourists, South Africa shutters mom and pop shops, Russia arrests scooter-killer suspect

Hard Numbers: Iran’s struggle is rial, China lures tourists, South Africa shutters mom and pop shops, Russia arrests scooter-killer suspect

A money changer poses for the camera with a U.S hundred dollar bill (R) and the amount being given when converting it into Iranian rials (L), at a currency exchange shop in Tehran's business district, Iran, January 20, 2016.

REUTERS/Raheb Homavandi/TIMA ATTENTION EDITORS
Make us preferred on Google

777,000: When it rains, it pours – and Iran is getting absolutely soaked right now. After watching its main proxy Hezbollah get destroyed by Israel, then losing its most important regional ally in Syria, and now suffering an energy crisis that has forced the closure of schools and government offices, the Iranian rial has plunged to 777,000 against the dollar. That’s the lowest level ever.

10: In an ongoing bid to boost tourism, the Chinese Communist Party has extended the period of visa-free travel to 10 full days for citizens of 50 countries, including the US. Passport holders of nearly 40 other countries are able to stay for a full month. Since the end of Covid restrictions, foreign visitors have flocked to the country: In the first 11 months of this year, arrivals grew 86%, to nearly 30 million people.


1,041: The South African government has shuttered 1,041 informal mom and pop grocery spots across the country. The move comes after dozens of children have died from consuming pesticide-laden foods purchased at the so-called “spaza shops.” Evidently the pesticides that shop owners are using to control vermin have found ways into the food, leading to illness and injuries.

100,000: Russia has arrested a suspect in the assassination of a high-ranking Russian general in Moscow earlier this week. Russia’s Federal Security Service said the man is an Uzbek national, who was paid $100,000 by Ukraine to kill Lieutenant General Igor Kirillov with a bomb hidden in a scooter. Kyiv earlier alleged that Kirillov, who oversaw Russia’s use of chemical weapons, had used banned weapons thousands of times in Ukraine since Moscow’s 2022 invasion.

More For You

Betting on Trump
Farida Dowidar
Gabriel Perez, who has worked for the president since 2016, is under fire for his prediction market wagers, allegedly using his access to the speeches to make his bets. At times, Perez reportedly backed out of bets mid-speech when Trump skipped over portions of addresses that he’d bet would be mentioned. Kalshi, the platform used, detected unusual [...]
Hunger strike in India intensifies
Farida Dowidar
Sonam Wangchuk has long campaigned for the reform of India’s corrupt and inefficient system of entrance exams for higher education. That issue is also central to the recently formed Cockroach Janata Party protest movement, led by people decades younger than Wangchuk, who is 59-years-old. In India, millions of students compete vigorously for a [...]
China’s economic engine cools
Will Fitzpatrick
China’s economy posted one of its slowest quarterly growth rates on record. The slowdown was hardly a surprise: earlier this year, Chinese officials set the country’s lowest growth target since 1991. The weak growth is not coming from a decrease in manufacturing. In fact, exports rose 27% year over year in June. Instead, it’s coming from sluggish [...]
No more father-son time for the Bolsonaros
Will Fitzpatrick
The ban comes after a court ruled that Flavio helped his father sidestep his court-ordered social media ban by publishing a letter on his behalf. The message, which highlighted Jair Bolsonaro’s support for Flávio’s presidential bid, was also viewed as premature campaigning, as Brazil’s election season cannot officially begin until Aug. 16. The ban [...]