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Wednesday, 13 September 2023 3:01 AM [ Last Update: Wednesday, 13 September 2023 3:01 AM ]

Iran assets in South Korea

The process of transferring Iran’s recently unfrozen assets in South Korea is to be completed in the coming days. President Ebrahim Raeisi has reiterated the Islamic Republic has the authority over how to spend the funds. Raeisi says the money belongs to the Iranian people and government and will be spent wherever it is needed. He made the comments in an exclusive interview with NBC News. The US State Department has confirmed Secretary of State Antony Blinken signed off on a waiver to allow the transfer of the funds from South Korea to Qatar. The Iranian assets were blocked by Seoul in 2018 due to US sanctions. American media claim the waiver is part of a larger agreement between Iran and the US which also includes exchange of prisoners. Tehran denies any such connection. Further in his remarks, the Iranian president said the five American inmates expected to be swapped for five Iranians imprisoned in the US are in full health.

West Bank attack

At least two Israeli settlers have been injured following a Palestinian shooting operation in the occupied West Bank. The shooting was carried out in the town of Huwwara south of Nablus. A Palestinian man opened fire on Israeli settlers as they were driving in the area. Israeli media say one of those injured is in critical condition. The Al-Fajr Brigade has claimed responsibility for the operation. The Hamas resistance movement has hailed the operation, calling it part of the struggle to expel the occupying regime from the Palestinian land and defend sanctities. The West Bank has been experiencing almost deadly raids by Israeli regime troops into Palestinian neighborhoods for the past several months. Palestinians conduct shooting operations or stabbing attacks against Israelis in retaliation for the regime atrocities.

US economic woes

New data released by the United States Census Bureau shows inflation-adjusted incomes for American households fell for a third straight year in 2022. The data, which was published on Tuesday, also showed the poverty rate for the Black population remained the highest among the racial groups counted by the bureau. The report said real median household incomes in the US fell by two-point-three percent in 2022 from a year earlier, and any nominal gains were canceled out by record-high inflation. The bureau’s report said 2022 was the third straight year in which real median household incomes declined as a result of high inflation. It said although pre-tax income inequality fell by one-point-two percent between 2021 and 2022, it actually rose sharply once taxes were factored into the figures.

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