1 day ago
DUBAI, Aug 13 (Reuters) - Iran will soon join the New Development Bank, the development lender established by the BRICS group of nations, central bank governor Abdolnaser Hemmati said in a state media report published on Wednesday ahead of a BRICS finance meeting in India.
Iran remains under sweeping U.S. and international sanctions, and it has yet to reach a peace deal to end the current conflict with the U.S. and Israel, giving Tehran added incentive to seek alternative financial channels outside the dollar system.
The NDB's corporate communications division told Reuters it could not confirm information regarding Iran's membership.
Iran joined BRICS in 2024 as the group expanded, in a move aimed at deepening economic ties among emerging economies, and it has since made clear its desire to become a member and shareholder of the NDB.
The bank was set up by Brazil, Russia, India, China and South Africa in 2015 to finance infrastructure and sustainable development projects. It has since expanded its membership to include the United Arab Emirates, Egypt and other emerging economies.
#bank #reuters #India #finance
Iran remains under sweeping U.S. and international sanctions, and it has yet to reach a peace deal to end the current conflict with the U.S. and Israel, giving Tehran added incentive to seek alternative financial channels outside the dollar system.
The NDB's corporate communications division told Reuters it could not confirm information regarding Iran's membership.
Iran joined BRICS in 2024 as the group expanded, in a move aimed at deepening economic ties among emerging economies, and it has since made clear its desire to become a member and shareholder of the NDB.
The bank was set up by Brazil, Russia, India, China and South Africa in 2015 to finance infrastructure and sustainable development projects. It has since expanded its membership to include the United Arab Emirates, Egypt and other emerging economies.
#bank #reuters #India #finance
18 days ago
Democratic Wisconsin gubernatorial candidate Francesca Hong's campaign told Fox News Digital Tuesday that she does not recall posting on social media in favor of abolishing the Senate in 2021 and said that was not her current position.
Democratic Socialists of America (DSA) co-chair Megan Romer went viral Sunday for confirming that the DSA supported abolishing the Senate, eliminating national borders and prisons, replacing the presidency and the Supreme Court, and more during an interview with Shannon Bream on "Fox News Sunday."
Republican candidate for Wisconsin governor Tom Tiffany said in a post to X that Hong believed in all the ideas mentioned in the viral video.
"This sounds a lot like DSA-backed FrancescaHongWI. Does she want to abolish the police? Yep. Does she want to abolish prisons? Absolutely. Did she call for abolishing the U.S. Senate? Yes. Socialism is knocking on Wisconsin's door. This November, we slam it shut," Tiffany wrote.
Dem Socialist Running For Wisconsin Governor Pushed 'Abolishing The Police'
#abolishing #senate #tiffany
Democratic Socialists of America (DSA) co-chair Megan Romer went viral Sunday for confirming that the DSA supported abolishing the Senate, eliminating national borders and prisons, replacing the presidency and the Supreme Court, and more during an interview with Shannon Bream on "Fox News Sunday."
Republican candidate for Wisconsin governor Tom Tiffany said in a post to X that Hong believed in all the ideas mentioned in the viral video.
"This sounds a lot like DSA-backed FrancescaHongWI. Does she want to abolish the police? Yep. Does she want to abolish prisons? Absolutely. Did she call for abolishing the U.S. Senate? Yes. Socialism is knocking on Wisconsin's door. This November, we slam it shut," Tiffany wrote.
Dem Socialist Running For Wisconsin Governor Pushed 'Abolishing The Police'
#abolishing #senate #tiffany
1 month ago
"CBS Evening News" anchor Tony Dokoupil offered what appeared to be tough words for the Democratic Party on Thursday over its longtime support for former Maine Democratic Senate candidate Graham Platner.
Dokoupil reported on Maine Democrats' attempt to replace Platner on the ballot after he suspended his campaign over a recent rape allegation from a former girlfriend. During his report, Dokoupil pointed out that many Democrats continued to endorse Platner after several scandals before that.
"The big question tonight is why did so many in the Democratic Party, the party of Black Lives Matter and Believe Women, continue to see Graham Platner as a future star?" Dokoupil said. "Despite scandal after scandal that seemed to undermine those principles and more? Despite his old Reddit comments about, among other things, why Platner thinks Black people don't tip? Despite his chest tattoo with a **** history? And despite the accusations of abuse against women? Through all of that and more, Platner downplayed or denied the claims and was defended by the party in some of its biggest voices."
Bernie-backed Maine Democratic Senate Hopeful Squirms Over Past Graham Platner Support
He asked, "So what's behind all that support for him until now? Could it simply be that he was winning? That he had blown out the sitting governor in the Democratic primary? It sure seemed like the Democrats' best chance to beat Maine's Republican Sen. Susan Collins. In political circles, the answer, it appears, was yes."
Dokoupil reported on Maine Democrats' attempt to replace Platner on the ballot after he suspended his campaign over a recent rape allegation from a former girlfriend. During his report, Dokoupil pointed out that many Democrats continued to endorse Platner after several scandals before that.
"The big question tonight is why did so many in the Democratic Party, the party of Black Lives Matter and Believe Women, continue to see Graham Platner as a future star?" Dokoupil said. "Despite scandal after scandal that seemed to undermine those principles and more? Despite his old Reddit comments about, among other things, why Platner thinks Black people don't tip? Despite his chest tattoo with a **** history? And despite the accusations of abuse against women? Through all of that and more, Platner downplayed or denied the claims and was defended by the party in some of its biggest voices."
Bernie-backed Maine Democratic Senate Hopeful Squirms Over Past Graham Platner Support
He asked, "So what's behind all that support for him until now? Could it simply be that he was winning? That he had blown out the sitting governor in the Democratic primary? It sure seemed like the Democrats' best chance to beat Maine's Republican Sen. Susan Collins. In political circles, the answer, it appears, was yes."
2 months ago
The Nasdaq is headed for its worst weekly loss in more than a year, and the S&P 500 is on track for a fifth consecutive drop.
Similarly, after making history with the largest IPO ever, ******* eX stock has tumbled, and bonds it sold days ago are already sinking.
It wasn't supposed to be like this. With the U.S. and Iran finally ending hostilities, the path looked clear for the AI boom to reach even greater heights as oil prices and bond yields fell.
In fact, South Korea's high-flying Kospi stock index, which is dominated by AI darlings SK Hynix, and Samsung, set a new record just last week.
Since then, it's crashed 10% and saw its fifth worst daily plunge on Tuesday, sparked by SK Hynix's comments that it planned to slow down its AI memory business. Global stock indexes followed.
Similarly, after making history with the largest IPO ever, ******* eX stock has tumbled, and bonds it sold days ago are already sinking.
It wasn't supposed to be like this. With the U.S. and Iran finally ending hostilities, the path looked clear for the AI boom to reach even greater heights as oil prices and bond yields fell.
In fact, South Korea's high-flying Kospi stock index, which is dominated by AI darlings SK Hynix, and Samsung, set a new record just last week.
Since then, it's crashed 10% and saw its fifth worst daily plunge on Tuesday, sparked by SK Hynix's comments that it planned to slow down its AI memory business. Global stock indexes followed.
