President Rouhani says Iran in 'economic fight' with US

Agencies
June 26, 2018

Tehran, Jun 26: Iranian President Hassan Rouhani today said his country is in a "fight" with the US, a day after protesters angered by Iran's tanking economy confronted police in front of parliament.

In a televised speech, Rouhani blamed the US for Iran's woes and said the US is trying to damage the country by creating "an economic war." 

"The US cannot defeat our nation, our enemies are not able to get us to their knees," he said.

Rouhani's comments came after protesters angered by Iran's tanking economy confronted police in front of parliament yesterday. It was the first such confrontation since similar demonstrations rocked the country at the start of the year.

The demonstration signalled widespread unease in the wake of President Donald Trump's decision to withdraw the US from Tehran's nuclear deal with world powers and restore sanctions on the country.

It wasn't immediately clear who led yesterday's protests. Iran's semi-official news agencies, Fars, ISNA and Tasnim, described the protests at the Grand Bazaar as erupting after the Iranian rial dropped to 90,000 to the dollar on the country's black market, despite government attempts to control the currency rate.

Videos posted to social media showed protesters at the bazaar heckling shopkeepers who refused to close.

A short time later, about 2 kilometres from the Grand Bazaar, videos shared by Iranians on social media appeared to show a crowd confronting police at parliament.

Iran's semi-official ISNA news agency reported today that authorities detained many of the rioters.

Prosecutor Abbas Jafari Dolatabadi said the "main provocateurs" who planned the protest and threatened shopkeepers to close their stores were arrested. He did not elaborate on the number of people detained.

Still, semi-official ISNA news agency reported the country's parliament speaker, Ali Larijani, said today that the Rouhani administration hasn't done enough to confront the economic problems.

At the end of last year, similar economic protests roiled Iran and spread to some 75 cities and towns, becoming the largest demonstrations in the country since its 2009 disputed presidential election. The protests in late December and early January saw at least 25 people killed and nearly 5,000 arrested.

Iran has announced a list of 15 demands for improving relations with the United States, including a US return to the 2015 nuclear accord, in response to a similar list of demands made by Washington last month.

In May, US Secretary of State Mike Pompeo called for a wholesale change in Iran's military and regional policies, threatening the "strongest sanctions in history" if it refused. The US withdrew from the landmark nuclear agreement with world powers earlier that month.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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Agencies
July 24,2020

The total number of global coronavirus cases has topped 15.4 million, while the deaths have increased to over 631,000, according to the Johns Hopkins University.

As of Friday morning, the total number of cases stood at 15,439,456, while the fatalities rose to 631,926, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US accounted for the world's highest number of infections and fatalities at 4,034,831 and 144,242, respectively, according to the CSSE.

Brazil came in the second place with 2,287,475 infections and 84,082 deaths.

In terms of cases, India ranks third (1,238,798), and is followed by Russia (793,720), South Africa (408,052), Peru (371,096), Mexico (370,712), Chile (334,683), the UK (298,721), Iran (284,034), Spain (270,166), Pakistan (269,191), Saudi Arabia (260,394), Italy (245,338), Turkey (223,315), Colombia (218,428), France (216,667), Bangladesh (216,110), Germany (204,881), Argentina (148,027), Canada (114,398), Qatar (108,244) and Iraq (102,226), the CSSE figures showed.

The other countries with over 10,000 deaths are the UK (45,639), Mexico (41,908), Italy (35,092), France (30,185), India (29,861), Spain (28,429), Iran (15,074), Peru (17,654) and Russia (12,873).

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Agencies
April 2,2020
Thailand's controversial king has created a category of his own with his idea of self-isolation.
 
According to reports, King Maha Vajiralongkorn, also known as Rama X, has hired out an entire luxury hotel in Germany, where he has been 'self-isolating' with 20 women.
 
The luxury hotel, the Grand Hotel Sonnenbichl, is in the Alpine resort town of Garmisch-Partenkirchen.
 
The 67-year-old king is self-isolating with his entourage that includes a 'harem' of 20 concubines and several servants, reported Bild.
 
However, it is unclear if his four wives are currently living in the same hotel.

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