Sources: Iran's central bank has quietly relaxed foreign currency controls and encouraged traders to repatriate funds via cryptocurrencies to bypass sanctions (Najmeh Bozorgmehr/Financial Times)

Apple introduced the iPhone Duo, its first foldable phone, featuring a 5.4-inch outer display and a 7.6-inch inner screen powered by the A20 Pro chipset and a new display engine, with Touch ID for authentication. The device launches in star white and night sky colors, priced at $1,999 for 256 GB and $3,199 for 2 TB, with pre-orders beginning October 16 and shipments starting October 23.