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Iran’s currency collapse sparks mass protests as inflation spirals
Iran president engages protesters amid economic crisis as currency tumbles and inflation surges
Iran’s president engages protesters amid economic crisis as currency tumbles and inflation surges
– Iranian President Pezeshkian urged action to meet protesters’ demands amid economic crisis and currency devaluation.
– Protests intensified with shop closures in Tehran, following significant inflation and political unrest after Mahsa Amini’s death.
Iran is grappling with its most severe economic crisis in years. Mass protests erupted across Tehran following the dramatic collapse of the national currency. The rial plunged to 1.42 million against the U.S. dollar over the weekend, briefly recovering to 1.38 million. This marks a loss of more than two-thirds of its value since 2022.
Annual inflation soared to 42.2 percent in December, with food prices up 72 percent year-on-year. Many Iranians are struggling to make ends meet, fueling public anger and unrest.
In response, Iranian President Masoud Pezeshkian ordered his government to engage directly with protest representatives. Calling the demonstrations “legitimate,” he emphasized the need for reforms in the monetary and banking sectors. Officials announced a dialogue framework to hear the voices of demonstrators.
The unrest coincided with the resignation of Central Bank Governor Mohammad Reza Farzin. Former Economy Minister Abdolnaser Hemmati is set to replace him, signaling possible shifts in economic policy.
Tehran’s commercial districts were paralyzed as shopkeepers in the Grand Bazaar and major streets closed businesses in solidarity. Videos on social media showed crowds chanting slogans as security forces used tear gas to disperse them.
International pressure is also rising. U.S. officials warned they would support action against Iran if the country resumes nuclear or missile development, following recent airstrikes on Iranian facilities.
The World Bank forecasts Iran’s GDP will contract 1.7 percent in 2025 and 2.8 percent in 2026, deepening economic concerns. How the government responds to these protests and reforms its economy may shape the country’s stability in the months ahead.
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Greenland says “No” to U.S. takeover — Chooses Denmark in geopolitical showdown
Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.
Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.
Greenland’s Prime Minister Jens‑Frederik Nielsen has delivered a clear message amid renewed pressure from the U.S. — if forced to choose between the United States and Denmark, Greenland will pick Denmark, NATO, and the EU.
Nielsen made the declaration in Copenhagen alongside Danish Prime Minister Mette Frederiksen ahead of diplomatic talks with top U.S. officials.
The announcement comes as U.S. President Donald Trump has again stoked controversy by suggesting Washington could pursue ownership or control of Greenland, citing strategic interests in the Arctic. European leaders and Greenlandic officials have pushed back strongly against these ideas, emphasising sovereignty and respect for international law.
This standoff places Greenland’s future in the spotlight — as Copenhagen and Nuuk reaffirm their ties, local sentiment remains overwhelmingly opposed to U.S. annexation and supportive of Greenland’s own path forward.
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Trump promises aid amid Iran unrest
Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.
Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.
President Trump has called on Americans in Iran to evacuate as tensions escalate following the government’s violent crackdown on antigovernment protesters. He has ruled out negotiations and encouraged protesters to continue their efforts, hinting that aid could be on the way.
The unrest in Iran has reportedly resulted in over 2,000 deaths, including both protesters and security forces. U.S. officials are reportedly weighing various responses, from sanctions to potential military options, though no immediate action has been confirmed.
Trump delivered a direct message to the people of Iran, emphasising support for their push for freedom and safety amid the growing crisis.
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Trump escalates pressure on the Federal Reserve with Powell probe
Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.
Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.
The Trump administration has launched a criminal investigation into Federal Reserve Chair Jerome Powell, dramatically escalating tensions between the White House and the central bank.
The probe centres on Powell’s testimony over a controversial renovation of the Federal Reserve’s headquarters, raising alarm over whether political pressure is being applied to monetary policy decisions.
The move has sparked fierce debate in Washington, with critics warning it could undermine investor confidence and destabilise economic expectations.
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