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UK annual inflation drops under eight percent
UK annual inflation drops under eight percent
by  AFP

Britain's annual inflation rate slowed more than expected in June as it dropped below eight percent, official data showed Wednesday, easing the country's cost-of-living crisis. The move has sparked mortgage turmoil as commercial lenders lift their own rates on home loans, worsening the cost-of-living crisis.

Hoping to attract tourists, Iran looks to neighbours
Hoping to attract tourists, Iran looks to neighbours
by  AFP

Iran, largely shunned by western tourists, is making a push to attract visitors from wealthy Gulf Arab states and other nearby countries to boost its sanctions-hit economy. - Renewed push - Iran has also sought to attract more visitors from neighbouring Armenia and Azerbaijan, despite recent tensions between Baku and Tehran.

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