Connect with us

Business

President says Iran will act decisively after biggest protests in years By Reuters

Published

on


© Reuters. FILE PHOTO: People light a fire during a protest against the death of Mahsa Amini, a woman who died after she was arrested by the “moral police” of the Islamic Republic, in Tehran, Iran on September 21, 2022. WANA (West Asia News Agency) via Reuters

DUBAI (Reuters) – Iranian President Ebrahim Raisi said on Saturday that Iran must deal firmly with the protests that have swept the country after the death of a woman detained by the morality police of the Islamic Republic.

On Saturday, state television said at least 41 people had been killed in the week-long unrest. She said the death toll was based on her own count and official figures had yet to be published. Protests broke out in most of the country’s 31 provinces.

State media quoted Raisi as saying on Saturday that Iran should “deal firmly with those who oppose the country’s security and safety.”

Advertisement

Raisi was speaking on the phone with the family of a volunteer Basij force member who was killed while participating in the crackdown on unrest in the northeastern city of Mashhad.

State media reported that the president “stressed the need to distinguish between protest and disruption of public order and security, describing the events as riots.”

Protests erupted in northwest Iran a week ago at the funeral of Mahsa Amini, a 22-year-old Kurdish woman who died after falling into a coma after being detained in Tehran by morality police who imposed hijab rules on women’s dress.

Her death sparked renewed anger over issues including restrictions on personal liberties in Iran, strict dress codes for women and an economy reeling from sanctions.

The woman played a prominent role in the protests, waving and burning her veil. Some cut their hair in public as angry crowds called for the downfall of Supreme Leader Ayatollah Ali Khamenei.

Advertisement

The protests are the largest to sweep the country since protests against fuel prices in 2019, when Reuters reported that 1,500 people were killed in the crackdown on protesters in the bloodiest confrontation in the history of the Islamic Republic.

On Friday, state-organized rallies were held in several Iranian cities to counter anti-government protests, and the army promised to confront “enemies” behind the unrest.

And in Iraq, dozens of Iraqi and Iranian Kurds rallied outside the United Nations compound in the northern city of Erbil on Saturday, holding banners bearing Amini’s picture and chanting “Death to the dictator,” a reference to Khamenei.

Iran’s state television, which has accused armed Iranian exiled Kurdish opponents of involvement in the unrest, said Iran’s Revolutionary Guards fired artillery shells at bases of Kurdish opposition groups in the Kurdish region of northern Iraq.

lethal response

Advertisement

The NetBlocks watchdog reports that mobile internet has been disrupted at least three times this week in Iran. Activists say the move is aimed at preventing video footage of the violence from reaching the world.

Microsoft’s (NASDAQ:) video calling app is now restricted, NetBlocks said Saturday, the latest such action after targeting platforms including Instagram, WhatsApp and LinkedIn.

In an effort to help maintain internet connectivity, the United States is exempting from its sanctions regime against Iran – a move Tehran said on Saturday was in line with Washington’s hostile stance.

Human rights defender Amnesty International said the protesters were facing an “escalating lethal response from the security forces” and called for an independent UN investigation.

It added that on the night of September 21, shootings by security forces killed at least 19 people, including three children.

Advertisement

Amnesty International said: “The high death toll is a worrying indication of the severity of the authorities’ attack on human life in the darkness of the Internet.”

State television showed footage that it said showed calm had returned to many parts of the capital, Tehran, late on Friday night.

“But in some western and northern areas of Tehran, rioters in some provinces have destroyed public property,” it added, uploading footage of protesters setting rubbish bins and a car on fire, walking and throwing stones.

The Twitter activist 1500tasvir (NYSE: NYSE) account posted videos of protests in the Satrakhan district, west of Tehran, showing protesters gathering in a square chanting “Don’t be afraid we’re all in this together” late Saturday with a motorbike apparently owned by riot police. in the background.

A video clip posted on social media showed a demonstration in the northern city of Babol with young men trying to take off pictures of Khamenei and Ayatollah Ruhollah Khomeini, founder of the Islamic Republic, at the gate of a university as passers-by chanted “Death to the dictator.”

Advertisement

Videos spread on social media showed that protests continued in Sanandaj, the capital of the Kurdistan region, late on Saturday evening, despite the heavy police presence. Reuters was unable to verify the authenticity of the videos.

Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Business

MicroStrategy is at its lowest level since 2020 after the sales were revealed

Published

on

By

(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

Most Read from Bloomberg

The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

Advertisement

In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

Advertisement

MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

Most Read by Bloomberg Businessweek

© Bloomberg LP 2022

Advertisement

Source link

Continue Reading

Business

Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

Published

on

By



Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.