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Afghanistan’s financial system on brink of collapse

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The UN has warned that Afghanistan’s financial system could collapse within months

The United Nations says bank deposits are evaporating, and new lending with Afghanistan has dried up.

They note there has been a spike in people unable to repay current loans – and together with lower deposits and a cash liquidity crunch, it could cause the financial system to collapse within months.

Most foreign development support came to an abrupt end when the Taliban seized power in August.

This sent the nation’s economy into a free-fall, which is putting a severe strain on the banking system.

It recently put weekly withdrawal limits on Afghan citizens to stop a run on deposits.

The UN’s Development Program warns that if the nation’s banking system fails, it could take decades to rebuild.

The regime’s Acting Information Minister says it is trying to get access to assets that are frozen by the United States.

Finding a way to avert a collapse is complicated by international and unilateral sanctions on Taliban leaders.

The United States is working with the United Nations, UNDP and other international institutions and countries “to find ways to offer liquidity, to infuse, to see to it that the people of Afghanistan can take advantage of international support in ways that don’t flow into the coffers of the Taliban,” said State Department spokesman Ned Price.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Pope sparks concern as he blesses block of ice

Pope Leo XIV blesses ice to challenge climate change deniers, urging leaders to act boldly on environmental issues.

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Pope Leo XIV blesses ice to challenge climate change deniers, urging leaders to act boldly on environmental issues.


Pope Leo XIV has captured global attention by blessing a block of ice in a symbolic stand against climate change deniers.

He urged leaders to show courage rather than delay, marking one of his strongest interventions yet on the environment.

#climatechange #pope #DonaldTrump #TickerNews


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Diddy sentenced to over four years for prostitution charges

Sean ‘Diddy’ Combs sentenced to over four years in prison for prostitution-related charges stemming from drug-fueled sex performances

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Sean ‘Diddy’ Combs sentenced to over four years in prison for prostitution-related charges stemming from drug-fueled sex performances

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In Short:
– Sean Combs sentenced to 50 months in prison for prostitution-related charges involving male escorts.
– Combs expressed remorse and plans to appeal the sentence, citing parental plea for leniency.
Sean “Diddy” Combs has been sentenced to over four years in prison following his conviction for prostitution-related charges.
The sentence of 50 months was handed down by U.S. District Judge Arun Subramanian in Manhattan federal court. Combs, aged 55, was found guilty after a jury determined he arranged for male escorts to travel across state lines for drug-fueled sexual performances with his girlfriends.Banner

Combs faced a maximum of 20 years but was acquitted of more severe charges, including racketeering, that could have led to a life sentence.

The allegations included claims that he coerced his girlfriends into participating in these encounters through threats and violence. Combs, who has been incarcerated since his 2024 arrest, is expected to appeal.

Emotional Statements

During the sentencing, Combs expressed remorse and stated he had learned his lesson. He acknowledged past abuses but maintained that the performances were consensual. His legal team argued for a reduced sentence of 14 months, citing his prior time served, while prosecutors advocated for a more extended sentence, highlighting the seriousness of the abuse.

Combs’ children also spoke during the proceedings, requesting leniency from the judge, stating that he had improved since his arrest. They pleaded for their father’s presence in their lives, with his daughter emotionally addressing the court.

The case has drawn significant media attention, marking Combs as a prominent figure facing serious charges in the entertainment industry.


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Hamas agrees to hostages release under peace conditions

Hamas agrees to release Gaza hostages contingent on peace agreement, as Trump urges Israel to halt bombings during negotiations

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Hamas agrees to release Gaza hostages contingent on peace agreement, as Trump urges Israel to halt bombings during negotiations

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In Short:
– Hamas is willing to release hostages but needs clarity on Trump’s peace plan.
– Negotiations continue, with Hamas requesting changes to disarmament and Israeli withdrawal terms.

Hamas has indicated a willingness to release the remaining hostages in Gaza, contingent on conditions linked to a broader peace agreement. The group’s response to mediators did not provide clarity on many aspects of President Trump’s 20-point peace plan.Hamas expressed gratitude for Trump’s peace efforts but sought specifics on issues like the timeline for Israeli withdrawal from Gaza and assurances regarding the cessation of hostilities.

Trump welcomed the dialogue, urging Israel to pause its military actions while negotiations progress, which may exceed the Sunday deadline he set for a deal.

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The group has agreed to release all prisoners associated with the occupation as part of Trump’s exchange proposal. However, Hamas maintains that discussions on Gaza’s future and the rights of the Palestinian populations require an inclusive Palestinian framework.

Reports suggest that 20 of the 48 hostages are still alive. Senior Hamas official Mousa Abu Marzouk stated that the group needs further negotiations before committing fully to Trump’s plan and indicated that releasing the hostages in 72 hours is unrealistic.

Ongoing Negotiations

Trump’s peace initiative aims for the release of all hostages and proposes a transitional governance board for Gaza. While Hamas has shown some willingness to support the plan, it insists on modifications, particularly around disarmament and the withdrawal of Israeli forces.

Complexities within Hamas’s leadership further complicate consensus on the deal, as previous U.S. attempts to persuade the group have faltered.


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