Amid US-Iran tensions and sanctions limiting traditional payment methods, Iranian businesses increasingly rely on cryptocurrency for domestic and international trade. Bitcoin and other digital assets help move money across borders despite restrictions on Visa, Mastercard, and SWIFT access. While crypto facilitates payments, it cannot fully replace legal and trust frameworks needed for formal trade, especially with countries like Russia. The surge in crypto use is also linked to Iran's cheap electricity fueling Bitcoin mining, though this has caused power shortages. Recent military tensions near the Strait of Hormuz have pushed oil prices higher, underscoring the complex economic challenges Iran faces.
Emerson Electric announced a collaboration with Saudi Aramco to co-develop next-generation corrosion management solutions using ultrasonic online monitoring and wireless technology. This partnership aims to improve operational safety and performance ...
Natural Grocers, a leading organic grocery retailer, is opening its first store in Wisconsin on June 10, 2026, in Lake Geneva. The grand opening will feature giveaways, discounts, a prize wheel, and a $2,500 donation to the Lake Geneva Food Pantry, h...
Current inflation trends in the U.S. are often compared to the 1970s stagflation, but experts highlight key differences. Unlike the 1970s, today's inflation is driven mainly by supply-side pressures such as rising commodity prices and geopolitical te...
Dycom Industries reported a record first quarter with contract revenues up 56.1% to $1.965 billion and adjusted net income nearly doubling to $134.3 million. The company raised its full-year fiscal 2027 revenue outlook to $7.38-$7.65 billion, driven ...
Autolus Therapeutics, a biopharmaceutical company specializing in next-generation T cell therapies, announced it will present at two upcoming investor conferences: William Blair’s Growth Stock Conference on June 2 and Jefferies Global Healthcare Conf...
