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France 24
France 24
Business

Economic challenges loom over Iran as it holds presidential election

BUSINESS DAILY © FRANCE 24

With Iranian voters heading to the polls for a presidential election, we take a closer look at the economic situation in the country. As Iran grapples with tough US sanctions, the economy suffers from hefty inflation and double-digit unemployment. Also, HSBC is finally set to announce a deal to sell its French retail operations to American private equity firm Cerberus. And more and more businesses in the US are offering Juneteenth as a paid holiday to commemorate the end of slavery.

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