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Iranian Bakers Stage Nationwide Protests Against Blackouts and Skyrocketing Prices
Bakery workers across Iran protested on Saturday in several cities, demanding government action amid rising operational costs and unpaid subsidies. Holding banners with messages like “We are bakers, not slaves,” they expressed frustration over economic pressures threatening their livelihoods. Grievances include ineffective government support, delayed financial assistance, soaring costs of fuel and materials, and frequent power outages ruining dough. Demonstrators have called for the resignation of “incompetent officials,” highlighting a broader economic discontent in Iran. With the price of bread at risk of becoming unaffordable, the protests underscore the urgent need for government intervention to support this essential industry.
Beijing Issues Stark Warning Against ‘Appeasing’ US Amid Ongoing Tariff War
In a significant escalation of trade tensions, China has issued a stern warning about potential retaliatory measures against countries forming trade agreements with the U.S. that undermine its interests. The Chinese Ministry of Commerce condemned U.S. tariffs as “unilateral bullying” and indicated readiness to respond with countermeasures. As the trade war intensifies, other nations face economic uncertainty, increased tariffs, and potential shifts in global supply chains. Experts suggest the conflict may lead to a restructuring of trade alliances. The situation underscores the importance of diplomacy and collaboration to prevent further escalation and ensure mutual economic benefits.
Iran’s Judiciary Chief Reveals Dismal Living Conditions Amid Ongoing Crisis
Iran is facing severe economic challenges and corruption, acknowledged by Chief Justice Gholamhossein Mohseni Ejei during a meeting with parliament’s National Security Committee. He stated, “The people’s livelihood is not good,” calling for collaboration among government branches to bolster the economy. Ejei highlighted the need to transform the culture of investment, emphasizing a positive view of wealth and the potential contributions of Iranians abroad. He also pointed out that corruption hinders progress and pledged to address judicial shortcomings. Ejei’s remarks underscore the urgency for reforms to enhance living standards and restore public trust in governance.
Iranian Trade Delegation Set to Strengthen Economic Ties with Moscow in Upcoming Visit
During the Fifth Iran-Russia Media Cooperation Meeting, Kazem Jalali emphasized the significance of media collaboration for strengthening bilateral relations and public support between Iran and Russia. He noted that effective media partnerships are crucial for enhancing understanding of international ties. Both nations aim to elevate their relationship to a strategic level through a comprehensive treaty, focusing on trade initiatives like a free trade agreement with the Eurasian Economic Union. Jalali highlighted the importance of elite support, cultural exchanges, and consistent media dialogue to foster positive perceptions and mutual understanding, paving the way for a promising future in Iran-Russia relations.
US and China Strike Historic Deal to Dramatically Reduce Tariffs!
The recent tariff reductions between the United States and China, effective May 14, mark a significant step in global trade relations. Following negotiations in Geneva, the US will cut tariffs on Chinese goods from 145% to 30%, while China will lower tariffs on American imports from 125% to 10%. This reciprocal action aims to foster a sustainable economic relationship. A new mechanism for ongoing discussions will be established, co-led by officials from both countries. The announcement has led to a surge in stock market futures, reflecting investor optimism for improved trade flows and economic stability. This development is expected to have wide-ranging effects on global markets.
Iran Dismisses Claims of Halting Oil Vessel Operations, Says Foreign Ministry Spokesperson
Esmaeil Baghaei, spokesperson for Iran’s Foreign Ministry, emphasized the importance of free trade and the legality of commercial vessels in international waters amid ongoing U.S.-Iran negotiations. He stated that coercive negotiation tactics are unacceptable and reaffirmed Iran’s openness to genuine discussions. Baghaei criticized Reuters for spreading misinformation about Iranian oil tankers, asserting that such claims violate journalistic integrity and serve a deceptive narrative. He highlighted that halting ships contravenes international law and underscored Iran’s commitment to legitimate maritime operations. Baghaei’s remarks reflect Iran’s resilience against external pressures and its determination to uphold its rights in global trade.