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Real-time News
On August 25th, Iranian Foreign Ministry Spokesperson Baghae held a press conference on August 24th, addressing regional issues and Iran-US relations. Baghae emphasized that Iran has the right to strike at all sources of aggression, and that the US threat to impose a new round of sanctions on Iran is a serious violation of international law. Regarding the US threat to impose so-called "toughest sanctions" on Iran, Baghae stated that the Iranian government understands the current economic pressures and business difficulties it faces domestically, which are part of the pressure the US has exerted on the Iranian people over the past decades. The Iranian government had previously assessed the situation and is taking all necessary measures to counter the economic sanctions. He condemned the US for calling its sanctions against Iran "economic warfare," stating that this demonstrates the USs disregard for the free trade system between nations and national sovereignty.According to the Korean labor union: Hyundai Motor and the Korean labor union have reached a preliminary wage agreement.Sources say air raid sirens have been sounded in Kyiv, Ukraine.On August 25th, according to the New York Times, the U.S. Securities and Exchange Commission (SEC) is investigating the near collapse of the AI hedge fund Situational Awareness and has subpoenaed major Wall Street banks involved in the funds transactions and provided leveraged funds. Sources familiar with the matter revealed that the SEC is requesting banks to provide details of the funds transactions, its communications with lenders regarding borrowed funds, and to retain all documents related to the fund. Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, previously profited handsomely from the AI boom. At its peak, the fund managed over $30 billion in assets and borrowed tens of billions of dollars to amplify its investments. However, at the end of last month, as the stock prices of popular AI companies fell and the traditional tech stocks it shorted rose, the funds losses rapidly increased, ultimately forcing it to conduct a "sell-off" and sell most of its stock portfolio to Citadel at a discount. The SEC stated that the investigation is still in its early stages and does not necessarily mean that penalties will be imposed. Situational Awareness has not been accused of any wrongdoing. The fund stated that it will "fully cooperate with any regulatory requirements."August 25 – According to the Associated Press, the Trump administration is preparing to revoke the business and tourist visas of up to 200,000 foreigners who have applied for or are seeking asylum in the United States. If implemented, this would be the largest single visa revocation in U.S. history and is likely to face legal challenges. According to documents from the U.S. State Department obtained by the Associated Press and two U.S. officials, the State Department is expected to announce in the coming weeks the revocation of so-called B1 and B2 visas issued between 2016 and 2026 that the holders of which have applied for or are seeking asylum. This move will be coordinated with the Department of Homeland Security. A State Department spokesperson stated, “We are working with the Department of Homeland Security to identify and revoke nonimmigrant visas of foreigners who claimed to be short-term visitors but subsequently applied for asylum to remain permanently in the United States.” He declined to comment on the number of visas that might be revoked, saying, “Because this process will continue, the number of visas revoked will change and will be processed on a rolling basis.” U.S. officials stated that visa revocation does not necessarily mean immediate deportation; most of those currently awaiting asylum applications will be reclassified but will lose their business or tourist status.
