Connect with us

Business

Students tell Iran’s president to ‘get lost’ as unrest rages By Reuters

Avatar

Published

on


© Reuters. West Asia News Agency via Reuters.

DUBAI (Reuters) – Female students in Tehran chanted “Fah” as Iranian President Ebrahim Raisi visited their university campus on Saturday and condemned angry protesters over the death of a young woman in custody, activists said.

As the patriotic demonstrations that rocked Iran entered their fourth week, my two chiefs addressed professors and students at Al-Zahra University in Tehran, reciting a poem that equated “rioters” with flies.

“They imagine that they can achieve their evil aims in universities,” state television reported. “Unbeknownst to them, our students and professors are vigilant and will not allow the enemy to achieve their evil aims.”

A video posted on Twitter by activist website 1500tasvir showed what it said were female students chanting “My president is lost” and “Mullahs have gone astray” while the president was visiting their campus.

Advertisement

On Friday, official media said that a report by an Iranian forensic doctor denied the death of Mahsa Amini due to blows to the head and limbs while she was being held by the morality police, and linked her death to pre-existing medical conditions.

The death of 22-year-old Amini, an Iranian Kurd, sparked nationwide demonstrations, presenting the biggest challenge to Iran’s religious leaders in years.

Women have removed their headscarves in defiance of the clerical establishment as angry crowds called for the downfall of Supreme Leader Ayatollah Ali Khamenei.

After a call for mass demonstrations on Saturday, security forces shot protesters and used tear gas in the Kurdish cities of Sanandaj and Saqez, according to the Iranian human rights organization Hengao.

And in Sanandaj, the capital of Iran’s northwestern Kurdistan region, a man was killed in his car while a “rude” woman screamed, according to Hengao.

Advertisement

She reported that a school in the city square of Saqqaz was filled with schoolgirls, chanting “Woman, life, freedom.”

Amini was arrested in Tehran on September 13 for “improper dress” and died three days later.

Rights groups say more than 150 people have been killed, hundreds wounded, and security forces arrested in the face of the protests.

On Saturday, Hengao said Iranian security forces had launched crackdowns in two Kurdish cities.

“Security forces are shooting at protesters in Sanandaj and Saqqaz,” the group said. She added that riot police used tear gas.

Advertisement

The widely followed Tavsir1500 account also reported the shooting of protesters in the two Kurdish cities in the northwest of the country.

A university student who was on his way to join the protests in Tehran said he did not fear arrest or even death.

“They can kill and arrest us, but we will not remain silent anymore. Our classmates are in prison. How can we remain silent,” the student, who asked not to be identified, told Reuters.

Hengao said large-scale strikes were taking place in the cities of Saqqaz, Diwandarh, Mahabad and Sanandaj.

The government described the protests as a plot by Iran’s enemies, including the United States, and accused armed opponents – among others – of perpetrating violence that killed at least 20 members of the security forces.

Advertisement

Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Business

Tesla offers discounts. Are drivers bothering her cars?

Avatar

Published

on

headwind for

Tesla

– And his stock – seems to be growing. The latest might be among the company’s biggest concerns.

Bernstein analyst Tony Sacconaghi Tuesday wrote that

Advertisement

Tesla

(Stock ticker: TSLA) “There appears to be a growing demand problem.”

Source link

Advertisement
Continue Reading

Business

US Banks Warn of Recession as Inflation Hurts Consumers Stocks Fall By Reuters

Avatar

Published

on


© Reuters. FILE PHOTO: Workers are seen in the windows of the JP Morgan offices in Canary Wharf, London on September 19, 2013. REUTERS/Neil Hall/File Photo

By Saeed Azhar and Noor Zainab Hussain

NEW YORK (Reuters) – The largest U.S. banks are bracing for a downturn in the economy next year as inflation threatens consumer demand, executives said on Tuesday.

Consumers and businesses are doing well, Jamie Dimon, CEO of JPMorgan Chase & Co (NYSE: NYSE), told CNBC, but noted that may not last for much longer as the economy slows and inflation erodes consumer spending power.

“Those things could derail the economy and cause this moderate to severe recession that people are concerned about,” he said.

Advertisement

He told CNBC that consumers have $1.5 trillion in excess savings from pandemic stimulus programs, but they could run out some time in the middle of 2023. Dimon also said the Fed could pause for three to six months after raising benchmark interest rates to 5%, But this may “not be enough” to rein in high inflation.

The US central bank last month raised interest rates by 75 basis points during its fourth consecutive meeting to 3.75%-4%, but also signaled hopes of switching to smaller increases as soon as at its next meeting.

Major bank stocks fell sharply the next day after a group of senior bankers outlined risks to the economy. Bank of America (NYSE:) stock fell more than 4%. Goldman Sachs Group Inc (NYSE:) and Morgan Stanley (NYSE::) both fell by more than 2% and Citigroup Inc (NYSE:) fell more than 1%.

Bank of America CEO Brian Moynihan told investors at a Goldman Sachs financial conference that the bank’s research shows “negative growth” in the first part of 2023, but that the contraction will be “moderate.”

Moynihan said the lender’s investment banking fees will likely fall 55% to 60% in the fourth quarter from a year earlier, while trading revenue will likely rise 10% to 15%.

Advertisement

“Economic growth is slowing,” Goldman Sachs CEO David Solomon said at the same conference. “When I talk to our customers, they sound very careful.”

He said the job market in the banking sector remains “surprisingly tight” and competition for talent “as tough as ever”.

However, some banks are cutting staff. A source familiar with the company’s plans said Tuesday that Morgan Stanley has cut about 2% of its workforce. The job cuts, first reported by CNBC, affected about 1,600 jobs and track workforce cuts at Goldman and Citigroup.

Elsewhere on Wall Street, BlackRock Inc., the world’s largest asset manager (NYSE:) froze hiring except for critical roles, CFO Gary Shedlin said.

“We’re trying to be more prudent,” he said.

Advertisement

Source link

Continue Reading

Business

Stocks fluctuate as investors ponder the course of prices

Avatar

Published

on

Next week’s Federal Reserve decision and inflation figures may provide more clarity on interest rates

Source link

Continue Reading
Advertisement

Trending