UN imposes ‘snapback’ sanctions on Iran
The United Nations reimposed sanctions on Iran early Sunday over its nuclear program, further squeezing the Islamic Republic as its people increasingly find themselves priced out of the food they need to survive and worried about their futures.
The sanctions will again freeze Iranian assets abroad, halt arms deals with Tehran, and penalize any development of Iran’s ballistic missile program, among other measures. It came via a mechanism known as “snapback,” included in Iran’s 2015 nuclear deal with world powers, and comes as Iran’s economy already is reeling.
Iran’s rial currency sits at a record low, increasing pressure on food prices and making daily life that much more challenging. That includes meat, rice and other staples of the Iranian dinner table.
Meanwhile, people worry about a new round of fighting between Iran and Israel—as well as potentially the United States—as missile sites struck during the 12-day war in June now appear to be being rebuilt.
Activists fear a rising wave of repression within the Islamic Republic, which already has reportedly executed more people this year than over the past three decades.
Sina, the father of a 12-year-old boy who spoke on condition that only his first name be used for fear of repercussions, said the country has never faced such a challenging time, even during the deprivations of the 1980s Iran-Iraq war and the decades of sanctions that came later.
“For as long as I can remember, we’ve been struggling with economic hardship, and every year it’s worse than the last,” Sina told The Associated Press. “For my generation, it’s always either too late or too early — our dreams are slipping away.”
AP
A 100% tariff on some imported drugs is coming October 1, Trump says
President Donald Trump announced Thursday that brand-name or patented pharmaceutical products will be subject to a 100% tariff starting October 1 – unless the drugmaker is building a manufacturing plant in the US, CNN reported.
Trump has been promising for months to levy tariffs on pharmaceutical imports, which avoided tariffs during his first term. The president sees tariffs as a way to pressure drug manufacturers to ramp up production in the US and to strengthen the supply chain for essential medicines.
Also, Trump has pointed to tariffs as a way to fulfill his vow to lower drug costs, though experts say that is unlikely to happen, according to CNN.
Trump signs order declaring TikTok sale ready and values it at $14 billion
President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok's U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law, Reuters reported.
The new U.S. company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.
Trump on Thursday delayed until January 20 enforcement of the law that bans the app unless its Chinese owners sell it amid efforts to extract TikTok's U.S. assets from the global platform, line up American and other investors, and win approval from the Chinese government, according to Reuters.
Greece extradites oligarch to Moldova in $1bn fraud case
A Moldovan oligarch and former senior politician has been extradited from Greece accused of involvement in the theft of $1bn (£748m), BBC reported.
Vladimir Plahotniuc, 59, was flown from Athens to Chisinau on Thursday morning and then taken to a detention centre in Moldova's capital, local officials said.
The tycoon, who faces several long-running criminal cases in Moldova, has repeatedly denied any wrongdoing and has vowed to prove his innocence.
His extradition comes days before Sunday's parliamentary elections, with President Maia Sandu warning that Moldova's independence and European future are in danger because of attempts by Russia to foment violence and spread disinformation, according to BBC.


