adplus-dvertising
Connect with us

Economy

Iran’s economy a factor in coronavirus response, President Rouhani says – Global News

Published

 on


Iran‘s president on Sunday lashed out at criticism of its lagging response to the worst coronavirus outbreak in the Middle East, saying the government has to weigh economic concerns as it takes measures to contain the pandemic.

Hassan Rouhani said authorities had to consider the effect of mass quarantine efforts on Iran’s beleaguered economy, which is under heavy U.S. sanctions. It’s a dilemma playing out across the globe, as leaders struggle to strike a balance between restricting human contact and keeping their economies from crashing.


READ MORE:
Pope Francis backs UN chief’s call for global ceasefire amid coronavirus pandemic

“Health is a principle for us, but the production and security of society is also a principle for us,” Rouhani said at a Cabinet meeting. “We must put these principles together to reach a final decision.”

“This is not the time to gather followers,” he added. “This is not a time for political war.”

Story continues below advertisement






1:25
WHO says world ‘squandered’ its first opportunity to stop the coronavirus outbreak


WHO says world ‘squandered’ its first opportunity to stop the coronavirus outbreak

Even before the pandemic, Rouhani was under fire for the unraveling of the 2015 nuclear deal he concluded with the United States and other world powers. President Donald Trump withdrew the U.S. from the agreement and has imposed crippling sanctions on Iran that prevent it from selling oil on international markets. Iran has rejected U.S. offers of humanitarian aid.

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]

State TV on Sunday reported another 123 deaths, pushing Iran’s overall toll to 2,640 amid 38,309 confirmed cases.

Most people suffer only minor symptoms, such as fever and coughing, and recover within a few weeks. But the virus can cause severe illness and death, especially in elderly patients or those with underlying health problems. It is highly contagious, and can be spread by those showing no symptoms.


READ MORE:
Coronavirus: China sends medical supplies, personnel to Pakistan

In recent days, Iran has ordered the closure of nonessential businesses and banned travel between cities. But those measures came long after other countries in the region imposed more sweeping lockdowns. Many Iranians are still flouting orders to stay home in what could reflect widespread distrust of authorities.

Iran has urged the international community to lift sanctions and is seeking a $5 billion loan from the International Monetary Fund.

Elsewhere in the region, Qatar reported its first death from the new coronavirus late Saturday, saying the total number of reported cases there was at least 590.

Story continues below advertisement






3:29
Coronavirus outbreak: WHO director announces 1st patients will be enrolled in ‘solidarity’ drug trial


Coronavirus outbreak: WHO director announces 1st patients will be enrolled in ‘solidarity’ drug trial

The tiny, energy-rich nation said it flew 31 Bahrainis stranded in Iran into Doha on a state-run Qatar Airways flight. But since Bahrain is one of four Arab countries that have been boycotting Qatar in a political dispute since 2017, Doha said it could not fly the 31 onward to the island kingdom.

“Bahraini officials have said they will send a flight for them at some undefined point in the future,” the Qatari government said in a statement.

Bahrain said it planned a flight Sunday to pick up the stranded passengers. The kingdom said it had its own repatriation flights scheduled for those still stuck in Iran and warned Qatar that it “should stop interfering with these flights.”

In Egypt, at least 1,200 Sudanese are stranded at the border after Sudan closed all its crossings, according to Egyptian officials at one of the crossings. They spoke on condition of anonymity because they were not authorized to brief media.

Sudan, which is still reeling from the uprising that toppled President Omar al-Bashir last year, has five confirmed cases, including one fatality. It’s one of several countries in the region where the health care system has been degraded by years of war and sanctions. Authorities closed the borders to prevent any further spread.

READ MORE: Coroanvirus — Spain, Italy demand help from European Union as crisis deepens

Sudan’s Information Minister Faisal Saleh said Sudanese authorities are looking for lodging in Egypt for the stranded passengers. He said authorities have quarantined at least 160 undocumented migrants who were sent into Sudan from war-torn Libya earlier this month.

Story continues below advertisement

Residents in Egypt’s southern city of Luxor say they are providing shelter to the stranded Sudanese.

“We have provided food and medicine to the Sudanese brothers,” said Mahmoud Abdel-Rahim, a local farmer. “People hosted women, children and elders in their homes.”

© 2020 The Canadian Press

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

Published

 on

 

TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

Statistics Canada reports wholesale sales higher in July

Published

 on

 

OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

Published

 on

 

TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending