As traders opened on Saturday, the exchange rate fell to 1,043,000 rials to the dollar. Iran’s rial currency has hit a record low against the US dollar amid growing tensions between Tehran and Washington over Iran’s nuclear programme. The exchange rate had plunged to more than 1 million rials during festivities for Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the...

Demonstrators have returned to the streets in anger over high housing costs with no relief in sight. Hundreds of thousands of people have marched in cities across Spain to protest against soaring rents and a lack of affordable homes in a country that enjoys Europe’s fastest economic growth and yet suffers from a housing shortage exacerbated by a tourism boom. The housing crisis across Europe has hit particularly...