Russia's ruble is the strongest currency in the world this year
CBSN
Even as Russia marks a historic default on its debt, the nation's currency is gaining strength. The ruble hit a new high against the dollar this week, continuing its streak as the best-performing currency in the world this year.
Three months after the ruble's value fell to less than a U.S. penny amid the toughest economic sanctions imposed on a country in modern history, Russia's currency has mounted a stunning turnaround. The ruble has jumped 45% against the dollar since January.
"It's an unusual situation," said Jeffrey Frankel, professor of capital formation and growth at the Harvard Kennedy School.
The police chief in a small town in central Mexico took his own life Friday as troops closed in to arrest him as part of anticorruption raids that also detained several other top police commanders and the mayor of another town.
Meet Daisy – an AI-generated grandma created by British phone company Virgin Media O2 as the ultimate scam buster. Daisy's sole purpose is to talk to scammers all day so real people don't have to.
Belgian authorities said on Friday they had seized almost five tons of cocaine stashed in shipping containers at Antwerp port, as part of a cross-border investigation into a drug-trafficking ring.
Brazil's federal police said Thursday they indicted former President Jair Bolsonaro and 36 other people for allegedly attempting a coup to keep him in office after his defeat in the 2022 elections.
Archaeologists in Turkey say they have discovered an ancient amulet depicting a Biblical figure in a battle against the devil.
Russia launched a barrage of missiles at Ukraine Thursday in its first major retaliation for Ukraine's attack earlier in the week on a military facility in the Russian region of Bryansk. That strike saw the Ukrainians use American-made and supplied long-range missiles known as ATACMS, which President Biden had given the Ukrainian forces permission to fire deeper into Russian territory only two days earlier.
A U.S. citizen has died in a tourist town in the Southeast Asian nation of Laos following reports that multiple travelers suffered suspected cases of alcohol poisoning in the same town after possibly consuming tainted drinks.
Three state police officers and four drug cartel suspects were killed in a running series of shootouts in the northern Mexico border state of Tamaulipas, across the border from Texas, officials said Wednesday.
Japanese officials said Wednesday they are closely watching to see if China keeps its promise to prevent further violations of Japan's airspace after explaining that an incursion by a Chinese military aircraft nearly three months ago was unintentional and caused by turbulence.
Amersham, England — Family and friends of One Direction star Liam Payne, who died last month after falling from a Buenos Aires hotel room, gathered for his funeral in Britain on Wednesday. Payne's former bandmates Harry Styles, Niall Horan, Zayn Malik and Louis Tomlinson were among mourners at the private service at St Mary's Church in Amersham, Buckinghamshire, just outside London.
A Thai woman believed to be among the worst serial killers in the kingdom's history was convicted and sentenced to death Wednesday for poisoning a friend with cyanide, in the first of her 14 murder trials.