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The US dollar broke above 2.1 million Iranian rials on Tehran’s free market on Wednesday, setting a new record as the rial lost around 60% of its value against the dollar since the start of the Iranian calendar year in March — when the dollar traded at approximately 1.35 million rials.

Rescue teams waded through mud on Thursday searching for more than 1,400 people missing after flash floods and landslides struck the Nepal-Tibet border, as the death toll rose again to 392, with entire villages swept away.

Nvidia posted quarterly revenue of $96.2 billion (€82.4bn) on Wednesday, comfortably beating the $92.2 billion (€79bn) Wall Street had expected, as chief executive Jensen Huang declared that artificial intelligence had reached a turning point and guided next quarter revenue to $108 billion (€92.5bn) — again, above forecasts.

A 5.1-magnitude earthquake struck Colombia on Wednesday, causing shaking in several areas in the centre and northeast of the country, including in the capital, Bogotá.

Canada has unveiled a series of counter tariffs on US goods as a growing trade war between Ottawa and Washington ramps up.