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Rising Costs and Poverty Hit Iranians Hard

Many Iranians are struggling to make ends meet as inflation and economic pressures continue to erode living standards across the country. Marjan, a crafts seller from Isfahan, says she and her husband can no longer afford small luxuries like eating out twice a month. For six years, she earned a living selling wooden crafts on Instagram, but an internet blackout during the nationwide protests in early January wiped out her income. Even after the internet returned, her monthly sales plummeted from 300 million rials ($185) to less than 30 million rials. The couple is considering selling their car just to keep up with rent and loan payments. Many families face similar hardships. Mina, a 44-year-old mother in Tehran, says food prices have more than doubled in recent months. Beef, which cost 7 million rials per kilo two months ago, recently […]

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Ousted Iran shah’s son urges protesters to seize and hold city centres

Reza Pahlavi, the US based son of Iran’s ousted shah, has called on Iranians to step up their demonstrations by seizing and holding city centres during protests. In a video message on social media, he said the goal was no longer just to appear on the streets but to prepare to capture and control key urban areas.​ Pahlavi urged protesters to turn out in large numbers over the weekend and to gather from 6 pm carrying national flags and symbols. He framed the latest demonstrations as part of a broader “revolution” against the Islamic Republic and said he was preparing to return to Iran when conditions allow.​ He also appealed to workers in strategic sectors such as transport, oil, gas and energy to begin nationwide strikes. According to him, industrial action combined with mass protests would increase pressure on the […]

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Cubans fear deeper crisis as Venezuela oil lifeline is choked off

Cubans are bracing for even tougher times after the United States seized two more Venezuela linked oil tankers, threatening to cut a key source of fuel to the island.​The seizures come just days after US forces captured Venezuelan President Nicolas Maduro, raising the risk that Venezuelan crude supplies to Cuba could shrink further or stop.​ In the port city of Matanzas, shuttered filling stations and long queues for petrol already reflect worsening shortages.​Residents fear longer and more frequent power cuts, saying the loss of Venezuelan oil will deepen an economic crisis marked by high inflation, blackouts and shortages of basic goods.​ Venezuela had recently supplied about 27000 barrels of oil per day to Cuba, covering roughly half of the country’s fuel deficit.​Mexico and Russia have become important secondary suppliers, but Mexico’s president says her country has not increased shipments, limiting […]

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Khamenei vows not to yield as Iran protests simmer and Trump issues threats

Iran’s Supreme Leader Ayatollah Ali Khamenei says the Islamic Republic “will not yield to the enemy” as anti government protests over economic hardship continue and U.S. President Donald Trump warns he is ready to intervene if demonstrators are killed.​In a televised address, Khamenei said authorities would listen to citizens with legitimate complaints but insisted that “rioters should be put in their place,” drawing a sharp line between protesters and those he accused of seeking chaos.​ Rights groups say more than 10 people have been killed and scores arrested since demonstrations flared across several provinces on Sunday, fuelled by the collapsing rial, high inflation and years of sanctions.​Reports of violence have focused on smaller western cities, where both protesters and members of the security forces have been killed or injured in clashes.​ Khamenei acknowledged that market traders and ordinary Iranians are […]

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Trump warns Iran over protest deaths as unrest spreads

U.S. President Donald Trump has warned that the United States is “locked and loaded” and ready to intervene if Iranian security forces violently kill protesters during the latest wave of anti government demonstrations.​In a statement and social media posts, he said Washington would “come to the rescue” of peaceful protesters if Iran follows what he called its “custom” of shooting people to crush dissent.​ The warning comes as nationwide protests in Iran entered their fifth day, with at least several people reported killed and dozens injured in clashes with security forces over deepening economic hardship and political grievances.​Demonstrations, initially sparked by soaring inflation, the collapse of the rial and rising living costs, have spread to new cities including the religious centre of Qom, where crowds have openly called for an end to the ruling theocracy.​ Trump’s comments raise the pressure […]

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 Bolivia Elects New President to Tackle Worst Economic Crisis

Bolivians have elected center-right economist Rodrigo Paz as their new president to lead the country through its worst economic crisis in 40 years. Paz, who will take office on November 8, faces major challenges, including 23% inflation, a severe shortage of US dollars, and chronic fuel shortages. His plan involves slashing public spending and moving away from two decades of socialist policies. However, economists warn that these tough measures could risk triggering social unrest in a country that remains deeply divided. The new president will also have to navigate a fragmented parliament, where his party lacks an outright majority, forcing him to build consensus to govern effectively. Despite being barred from the election, former socialist president Evo Morales remains a influential and potentially destabilizing figure. His supporters have warned they will mobilize against the new government if it fails to […]

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SERAP Sues NNPC Over Missing ₦500bn Oil Money: “Account for 2024 Shortfall Now!

Transparency watchdog SERAP has filed a high-stakes lawsuit against NNPC Limited, demanding accountability for ₦500 billion in missing oil revenues from late 2024. The move follows explosive World Bank reports showing NNPC remitted only ₦600bn of ₦1.1tn earned October-December 2024. ⚖️ Lawsuit Breakdown In *Suit No: FHC/L/MSC/553/2025* (Lagos Federal High Court), SERAP seeks: Court Order: Force NNPC to disclose whereabouts of unremitted ₦500bn Corruption Probe: Invite anti-graft agencies to investigate/recover funds Prosecutions: Identify and punish responsible officials Immediate Remittance: Return funds to Federation Account NNPC’s Controversial Defense: "FOI Act doesn’t apply to us" – Afe Babalola & Co (NNPC’s lawyers) SERAP’s Counterargument: "Supreme Court already ruled FOI Act covers ALL public records – including NNPC’s." 💰 Why This Matters SERAP argues this missing money: 📉 Worsens Nigeria’s debt crisis and deficit spending 🚫 Denies states/local governments critical allocations 🏥 Deprives citizens of essential services amid cost-of-living crisis ⚖️ Violates Constitution (Sections 13 & 15) and UN Anti-Corruption […]

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Ghana Lost $1.2 Billion in Gold Smuggling During Economic Crisis – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has revealed that Ghana lost an estimated 60 tonnes of gold, worth $1.2 billion, to smuggling during the peak of its economic crisis in 2022. This illicit trade in gold has had a significant negative impact on Ghana’s economy, depriving the country of much-needed revenue.In response, the government has introduced measures to combat illegal gold trade and ensure the country fully benefits from its natural resources. One key initiative is the creation of the Ghana Gold Board (GoldBod), a regulatory body tasked with overseeing the gold sector, curbing smuggling, and promoting responsible gold trade. Additionally, the government is collaborating with the UK-Ghana Gold Programme, which seeks to sever the connection between illegal mining and organized crime.As part of the effort to stabilize the sector, the government will fund GoldBod to purchase three tonnes of […]

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