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Iran is facing unprecedented nationwide protests, spreading to over 100 cities as citizens voice anger over soaring prices, shortages, and political restrictions. What began as economic unrest in Tehran’s Grand Bazaar has grown into a broader anti-government movement, with calls for regime change gaining momentum.
Reports indicate over 340 demonstrations so far, with at least 38 people killed and more than 2,200 arrested. Iran’s economy is in crisis, with the rial plunging beyond 1.4 million per U.S. dollar and inflation nearing 40%. UN sanctions, combined with Western pressure, have further strained the economy, while the government’s political and social authority faces mounting challenges.
The protests highlight deep political frustration, weakened regional influence, and ongoing concerns over Iran’s nuclear program. Watch to understand why Iran is protesting, the economic crisis, political tension, and the growing calls for change.
#IranProtests #IranUnrest #RegimeChange #MiddleEastNews #IranEconomy #GlobalPolitics #BreakingNews #TehranProtests #InflationCrisis #USForeignPolicy
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The new chair’s policy leanings, communication style and appetite for risk management will shape expectations for years to come.
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Post Modi-Trump meet, India and the US will work towards a more detailed bilateral agreement for nuclear reactors, after the Civil Liability for Nuclear Damage Act (CLNDA) is amended in the Parliament, senior government officials told Moneycontrol.
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On December 30, Ukraine and Russia conducted a significant prisoner swap, with Ukraine bringing home 189 former prisoners of war (POWs). President Volodymyr Zelensky confirmed the release, which included soldiers, sergeants, officers, and two civilians captured during the Russian occupation of Mariupol in 2022. Zelensky thanked the United Arab Emirates and other international partners for their role in facilitating the swap. The Russian Defence Ministry reported that 150 Russian soldiers were released, though there was a discrepancy in the numbers reported by both sides. Some of the Ukrainian POWs, including border guard Vasyl Neshcheret, were reunited with their families, with Neshcheret vowing to continue serving his country. Videos released by Ukraine showed POWs returning with some holding or wrapped in Ukraine’s blue and yellow flag. Meanwhile, Russia stated its prisoners were transferred to Belarus before heading back to Russia, though there was no immediate explanation for the differences in the numbers.
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Thousands of Imran Khan's supporters defied a lockdown in Islamabad on Monday to demand his release from prison. Khan, who has been incarcerated for over a year on charges that his party claims are politically motivated, remains popular among his followers. His wife, Bushra Bibi, urged the public to join the march, calling it crucial for the nation's future. Pakistani authorities had sealed off the capital, deploying shipping containers and blocking roads to prevent the rally. Clashes erupted as protesters threw stones and bricks while police responded with rubber bullets and teargas. The violence escalated, resulting in the death of at least one police officer and injuries to dozens of others. Khan's party accused the government of using excessive force and arrests. The government warned that "extreme" measures, including a curfew or military deployment, could be implemented if protesters tried to reach Parliament.
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Israel continued its airstrikes on Hezbollah-controlled areas in southern Beirut, with a focus on targeting Hezbollah facilities embedded in civilian buildings. The strikes, which have intensified over the past two weeks, coincide with ongoing U.S.-led efforts to broker a ceasefire. On Sunday evening, Israeli airstrikes demolished two apartment blocks in Beirut’s southern suburbs, a region already heavily bombarded in previous weeks. Israel's offensive against Hezbollah began in September following heightened hostilities linked to the Gaza conflict. The Lebanese Health Ministry reported a rise in casualties, with 29 people confirmed dead after Saturday’s airstrikes. The total death toll from all Israeli strikes since October 2023 has now reached 3,754. Israel's military did not comment on the specifics of Saturday's airstrike in central Beirut but confirmed that its strikes are targeting Hezbollah command centers. This escalation is part of broader Israeli efforts to combat Iran-backed Hezbollah forces operating in southern Lebanon and beyond.
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Bitcoin surged to a record high of $97,902 on November 21, 2024, driven by optimism surrounding a more crypto-friendly regulatory environment under President-elect Donald Trump. Investors speculated that Trump's promises of supporting digital assets would lead to less restrictive regulations, fueling a resurgence in the cryptocurrency market. This rally was also supported by news that Trump’s social media company, Truth Social, was in talks to acquire crypto trading firm Bakkt, which is backed by the NYSE's Intercontinental Exchange. As a result, Bitcoin’s value has more than doubled in 2024 and is approaching the $100,000 mark. The global cryptocurrency market surpassed a $3 trillion valuation, and some UK market vendors reported increased sales from Bitcoin payments. While Bitcoin’s volatility has limited its use as a mainstream payment method, its recent gains suggest it may be on the verge of broader adoption. Pro-crypto lawmakers in the U.S. Congress further support this trend.
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Tim Walz, Kamala Harris's running mate and Democratic vice-presidential nominee, reportedly had a tumultuous love affair with Jenna Wang, the daughter of a Chinese Communist Party official, during his teaching stint in China in 1989. Wang described the relationship as passionate but ultimately devastating, leading her to feelings of anger and suicidal thoughts. The report emerges just before the November 5 US presidential election, amid backlash against Walz for misleading claims about his whereabouts during the Tiananmen Square massacre. Wang criticized Walz’s character, expressing doubts about his integrity as he now seeks a prominent political position.
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The Polish leaders expressed excitement ahead of PM Modi’s two-day visit to Poland.The leaders highlighted how Modi’s visit will boost several sectors and accelerate the development in both the nations. Members of the Indian community in Poland expressed excitement for PM Modi’s upcoming visit. PM Modi will be making official visits to Poland and Ukraine from August 21-23. Watch here for more details -
#pmmodi #Primeminister #poland #indiancommunity
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Domestic travel in the United States has been pressured since the start of the year as more Americans have grown cautious about travel spending on worries about the health of the economy.
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The decrease of 3.4 percent "mainly reflects the impact of lower crude oil volumes sold and weakening refining margins", the company said in a statement posted to the Saudi stock exchange.
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The company had posted a net income of USD 1,860 million in the corresponding period of the previous fiscal. The net income is attributable to equity holders of the parent company.
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The e-commerce giant's third-quarter revenue forecast, however, fell short of analysts' estimates, signaling effects of a tough economy.
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The Facebook and Instagram parent said it anticipates third-quarter revenue in the range of $38.5 billion to $41 billion, the midpoint of which is higher than analysts' estimates of $39.1 billion, according to LSEG data.
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Operating income for the key segment, which makes batteries for Tesla and other automakers, posted a 27% year-on-year decline to 21.6 billion yen ($141.97 million).
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Narasimhan said consumers in many markets have gotten more cautious with their spending and are staying home. Starbucks' comments mirrored those at McDonald’s, which said earlier this week that its same-store sales fell 1% in the April-June period.
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The AI chips designed by AMD are largely bought by cloud computing giants. Industry insiders and Wall Street view AMD's line of AI chips as one of the few potentially viable competitors to Nvidia, which dominates the market. Shares of Nvidia rose 4.7% following the AMD report.
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The company, whose shares shed about $3 billion in value, competes with the likes of TikTok and Meta Platforms-owned Facebook and Instagram - the preferred platforms for advertisers because of their larger user base and higher engagement for targeted ads.
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"In the second half of 2024, AI servers are expected to take up a larger portion of the (memory) market as major cloud service providers and enterprises expand their AI investments," Samsung said in a statement.
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German automakers have been struggling with lacklustre demand for EVs, coupled with tough local competition in China, supply bottlenecks and persistently high interest rates.
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Operating profit for the three months ended June was 4.3 trillion won ($3 billion), compared with the 4.2 trillion won median estimate compiled by Bloomberg.
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The Anglo-Dutch consumer group’s underlying operating margin was almost 20% in the first half, compared with around 18% expected by analysts. Volume growth also ramped up as some shoppers started buying more branded goods again as inflationary pressures eased.
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Nestle now expects sales to grow at least 3%, lower than the roughly 4% it had previously targeted.
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The Apple supplier posted an operating loss of 94 billion won ($67.8 million) for the April-June quarter.
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The company sold 1,154,700 vehicles globally, compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe.
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The stakes are high for automakers and suppliers who have for years been betting on rising demand for electric vehicles, as the industry faces slowing sales while investment in capacity and technology development outpace demand.
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Its comparable operating profit fell to 423 million euros ($462.38 million), from 619 million euros in the same quarter a year earlier.
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Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple and Nvidia supplier, saw April-June net profit rise to T$247.8 billion from T$181.8 billion a year earlier.
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An LSEG SmartEstimate, drawn from 21 analysts, predicted second quarter revenue of T$654.27 billion.
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The world's largest memory chip, smartphone and TV maker estimated its operating profit rose to 10.4 trillion won ($7.54 billion) in the quarter ended June 30, from 670 billion won a year earlier.
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International Criminal Court Prosecutor Karim Khan's request for an arrest warrant against Israeli Prime Minister Benjamin Netanyahu has created a diplomatic quandary for some key member states. Khan's move was the first attempt to go after a sitting, Western-backed head of state. While Israel is not a member of the ICC and rejects its jurisdiction, the court admitted the Palestinian territories in 2015
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Hundreds of students walked out of Yale University's graduation ceremony as part of a pro-Palestine protest at the university's commencement ceremony. Protests over Israel's war in Gaza have broken out at more than 60 colleges and universities this year. President Joe Biden has been cautious on the issue of protests over Gaza
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Donald Trump's lawyer accused star witness Michael Cohen of lying at the former U.S. president's trial about a phone conversation he claimed to have had with Trump about a hush money payment to a porn star shortly before the 2016 presidential election. Cohen said the phone call about a $130,000 hush money payment to a porn star. Cohen's testimony has been corroborated by other evidence, including handwritten notes.Cohen is set to return to the witness stand next week.
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Data on Wednesday showed cooling consumer price inflation, although that was offset on Thursday by news that U.S. jobless claims fell in the latest week and by figures showing U.S. import prices increased 0.9% last month.
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Slovak Prime Minister Robert Fico suffered life-threatening injuries on Wednesday when he was shot and wounded in an attempted assassination that stunned his small Central European nation and drew a chorus of international condemnation.
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A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year.
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Sony is a major supplier of image sensors for smartphones and that business is expected to book a 40% rise in operating profit on higher sales and lower costs.
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Emirates, owned by Dubai's government, announced revenues of USD 33 billion, compared to USD 29.3 billion the year before. Profit the year prior had been USD 2.9 billion.
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The result mark the second straight quarter of profit for SoftBank, which has been long known for both volatile earnings and outsized bets on technology companies.
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Both firms, which combined account for about 69% of China's e-commerce market revenue, according to DBS estimates, have faced increasing competition in recent years from low-cost platforms, such as PDD Holding's Pinduoduo and ByteDance-owned Douyin.
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Last month, the company said first-quarter revenue slid 10% from a year earlier but it has been bullish about 2024.
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The Luxembourg-based company said core profit (EBITDA) was $1.96 billion, higher than the average forecast in a company poll of $1.81 billion.
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CEO Andy Jassy told analysts that for Amazon "there is a big opportunity in front of us" in servicing AI customers.
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Snap shares jumped 29% in early trading on the German market. They rose as much as 25% in after-hours trading in New York on Thursday.
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Shares in Google-parent Alphabet were up over 11% in Frankfurt on Friday, while Microsoft shares rose nearly 5%.
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Businesses have prioritized spending on advanced and speedy artificial intelligence server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades.
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Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets.
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The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
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It expects its 2024 net sales to grow by a high-single to low double-digit percentage with adjusted operating income growing by a low double-digit to mid-teens percentage, Novartis said in a statement.
