Iran blames US 'hegemony' for financial crisis
Iran blamed the United States on Thursday for triggering global financial meltdown, saying the "hegemonic" nature of the US economy affected other economies. Speaking on the sidelines of a conference in Kazakhstan, Iranian Foreign Minister Manouchehr Mottaki said it was time to set up a "fair international financial system" to curb the impact of the U.S. economy on world finances.
"The economic crisis in America had an immediate impact on the economies of other countries," said Mottaki.
"We believe that this (crisis) was caused by moves to impose one hegemonic economy on all the other economies."
Iran is at loggerheads with the United States and other Western nations over its nuclear programme which Tehran says is for peaceful purposes but which the West fears is aimed at developing atomic weapons.
OPEC-member Iran says it would survive the global crisis better than others because its economy had grown more independent since the 1979 Islamic revolution.
But economists disagree, saying Iran cannot stay immune from a possible world economic downturn because of its reliance on oil revenues to fund its budget.
"Unfortunately only one economy in the world continues to receive revenue even when other parts of the world are suffering from the crisis," Mottaki said, referring to the United States.
"We believe the only way out of this is to set up a fair international financial system."
Health officials in South Korea on Wednesday approved the country's first domestically developed COVID-19 vaccine for people 18 years or older, adding another public health tool in the fight against a prolonged pandemic.
Sri Lankan doctors and other medical staff as well as teachers will take to the streets on Wednesday to demand that the government solve a severe fuel shortage at the heart of the South Asian country's worst economic crisis in decades. The government, left with only enough fuel to last about a week, on Tuesday restricted supplies to essential services, like trains, buses and the health sector, for two weeks.
The chief of the outlawed Tehreek-e-Taliban Pakistan has said there won't be a dissolution of or surrender by the group even if the peace talks with the Pakistan government succeeds. In a video released by TTP, its chief, Mufti Noor Wali Mehsud, who has been leading the peace talks for the group, revealed that former Director-General of ISI and Core Commander Peshawar (Gen) Faiz Hameed has been representing the Pakistan government.
As international officials and journalists waited for the world leaders at the NATO summit venue on Tuesday, what baffled them was to find 'Russian Salad' on the in-house restaurant menu -- especially as at the summit, Russia was expected to be labelled as a 'security threat' due to its invasion of Ukraine. The dish was also sold out within hours.
Two days after at least 18 people were killed after Russian missiles struck a shopping mall containing more than 1,000 people in the central city of Kremenchuk in Ukraine, president Volodymyr Zelensky accused the Russian president of becoming a “terrorist”. The war between Russia and Ukraine has been going on for over four months now. He further urged Russia's expulsion from the United Nations.