TEHRAN, Iran (AFP) — Hundreds took to the streets of Iran’s second city Mashhad and other towns on Thursday to protest high prices and unemployment, a reformist media group reported. The protests were mostly directed at President Hassan Rouhani’s government, the Nazar media network reported. “The demonstration was illegal yet the police confronted them with a lot of tolerance,” Mashhad governor Mohammad Rahim Norouzian said, according to the semi-official ISNA news agency. Videos on Nazar’s […]
Tag: economy collapses in first quarter
U.S. economy collapses in first quarter, but growing again
(Reuters) – The U.S. economy contracted at a much steeper pace in the first quarter than previously estimated, turning in one of its worst-ever non-recession performances, but growth already appears to have rebounded strongly. The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the sharpest decline in five years, instead of the 1.0 percent pace it had reported last month. “It’s a scary report. It sounds worrisome, but […]
