Latest news with #UN-affiliated
Yahoo
08-07-2025
- Business
- Yahoo
TMC (TMC) Gives up Gains as Countries Resume Deep-Sea Mining Talks
TMC the metals company Inc. (NASDAQ:TMC) is one of the . TMC the metals company snapped two straight days of gains on Monday, declining by 6.47 percent to end at $6.65 apiece as investors turned cautious about the International Seabed Authority's (ISA) resumption of talks on controversies surrounding deep-sea mining. This followed President Donald Trump's order in April this year to fast-track permits for deep-sea mining even beyond US waters, taking advantage of its non-membership to the organization. Even with Canada's membership in the organization, TMC the metals company Inc. (NASDAQ:TMC), a Canadian firm, immediately submitted its first offshore license application, bypassing the ISA. A tunneling machine underground, deep in the mine to extract the polymetallic nodules. In recent news, TMC the metals company Inc. (NASDAQ:TMC) earned an 'outperform' rating from Wedbush and an $11 price target, a significant upgrade from its 'neutral' stance and $6 price target previously. According to Wedbush, the upgrade was based on a stronger US government from President Donald Trump's executive order in April, 'Unleashing America's Offshore Critical Minerals and Resources,' which could allow TMC the metals company Inc. (NASDAQ:TMC) to bypass the UN-affiliated International Seabed Authority and ramp up production in the Clarion Clipperton Zone. While we acknowledge the potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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Business Standard
08-07-2025
- Business
- Business Standard
WFP raises alarm as 10 million Afghans face hunger due to aid cuts
The World Food Programme (WFP) has once again raised alarm over the worsening humanitarian crisis in Afghanistan, stating that ten million people are in urgent need of food assistance this summer, but only one million can be supported due to funding shortages, Tolo News reported. The UN-affiliated agency's warning comes amid a sharp decline in international aid, leaving millions of Afghan families grappling with poverty, malnutrition, and economic instability. Experts believe the solution lies in improving international relations and effectively utilizing Afghanistan's natural and human resources. "To curb poverty, we must consider two key strategies: first, maintaining constructive and effective international relations; and second, utilizing both renewable and non-renewable natural and human resources efficiently. Therefore, with proper management, these resources must be used wisely and effectively," said Abdul Zahoor Modabber, an economic affairs analyst. Afghanistan continues to top the list of countries drawing global humanitarian concern following recent political changes. According to Tolo News, despite the increase in urgent needs, many Afghans remain without access to aid. Mohammad Javid, a resident of Kabul, said: "If there were aid, we could manage. Even without work, we somehow got by. But when there is work, we don't need aid. There are plenty of street carts, and they distribute cards to people but we don't have any connections to get one." The Ministry of Economy claims to have initiated programs aimed at reducing poverty and unemployment, which it says could alleviate some of the nation's pressing challenges. "Simply distributing food aid cannot fully address the needs of our people. Instead, lifting economic sanctions and international support for programs that strengthen families, create jobs, and enhance purchasing power can lead to real economic improvement," said Abdul Rahman Habib, spokesperson for the Ministry of Economy. According to Tolo News, the key drivers of poverty and hunger in Afghanistan include soaring unemployment, reduced foreign assistance, natural disasters, and lack of access to essential health and education services. These factors have led to widespread displacement and forced many children into labor. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Rudaw Net
02-07-2025
- Politics
- Rudaw Net
Iranian president announces order to end cooperation with IAEA
Also in Iran Iran's nuclear program damaged, not 'obliterated': Former IAEA inspector Pezeshkian, Macron discuss IAEA oversight, Tehran's return to nuclear talks Families of prisoners left in the dark after Israeli strike kills 71 at Iran's Evin prison Khamenei adviser rumored killed by Israel makes first public appearance at funeral A+ A- ERBIL, Kurdistan Region - Iranian President Masoud Pezeshkian on Wednesday announced his country's decision to suspend cooperation with the International Atomic Energy Agency (IAEA). The move comes days after a deadly war between Iran and Israel ended with a US-brokered ceasefire. Last Wednesday, Iran's parliament approved a bill suspending cooperation with the IAEA. Under the new legislation, the UN-affiliated agency's inspectors will be barred from entering the country unless Tehran receives guarantees for the safety and integrity of its nuclear infrastructure and activities. The law was ratified by Iran's Guardian Council on Thursday. Iranian state media reported on Wednesday that Pezeshkian has announced the decision. During a phone call with his French counterpart Emmanuel Macron on Monday condemned the IAEA for issuing 'inaccurate reports' and for failing to explicitly condemn recent US and Israeli strikes on Iranian nuclear facilities, according to Iran's state-owned IRNA news agency. He claimed the attacks violated international law and resulted in 'the martyrdom of a number of our compatriots, scientists, and military commanders.' On June 13, Israel launched airstrikes on Iranian territory, targeting nuclear facilities and killing senior military officials and nuclear scientists. Iran responded with missile and drone attacks on Israeli targets. Tensions escalated further when, on June 16, the United States carried out airstrikes on three key Iranian nuclear sites - Fordow, Isfahan, and Natanz. In retaliation, Iran launched ballistic missiles at al-Udeid Air Base in Qatar, the largest US military installation in the region. A US-brokered ceasefire took effect on June 18.
The Hindu
28-06-2025
- Politics
- The Hindu
What is the legality of U.S. strikes on Iran?
The story so far: On June 22, U.S. President Donald Trump launched military strikes on Iran, joining its ally Israel in efforts to derail Iran's nuclear programme, which both countries claim is approaching weapons production. Iran retaliated the following day with missile attacks on Al-Udeid Air Base in Qatar, the forward headquarters of U.S. Central Command. After nearly two weeks of escalating hostilities, Iran and Israel agreed to a ceasefire on June 24. What is a lawful exercise of self-defence? The UN Charter, under Article 2(4), prohibits the use of force against the territorial integrity or political independence of any state, except in narrowly defined circumstances — a claim of self-defence under Article 51 or with the UN Security Council's (UNSC) authorisation. The restrictive interpretation, grounded in the text of Article 51, permits self-defence only in response to an armed attack that is already under way. A more permissive interpretation allows for self-defence in response to an armed attack that is imminent. This broader interpretation, often referred to as anticipatory self-defence, has been endorsed in several UN-affiliated reports. Notably, the 2004 report of the Secretary-General's High-Level Panel on Threats, Challenges and Change affirmed that 'a threatened State, according to long-established international law, can take military action as long as the threatened attack is imminent, no other means would deflect it, and the action is proportionate'. These criteria are derived from the famous Caroline case, which established that the use of force is lawful only when the need for self-defence is 'instant, overwhelming, leaving no choice of means, and no moment for deliberation'. Over time, many states have argued that the Caroline standard is too rigid to address contemporary security threats. This has led to attempts to reinterpret and expand the notion of imminence, giving rise to the controversial doctrine of pre-emptive self-defence. Under this doctrine, a state may use force not only in response to an attack that is imminent but also during what is perceived as the 'last window of opportunity' to neutralise a threat posed by an adversary with both the intent and capability to strike. The U.S. has been a leading proponent of this doctrine, invoking it to justify the 2003 invasion of Iraq. 'Pre-emptive self-defence lacks the requisite state practice and opinio juris to qualify as customary international law. States are generally reluctant to endorse its legality, as the absence of an imminent threat renders the doctrine highly susceptible to misuse,' Prabhash Ranjan, Professor at Jindal Global Law School, told The Hindu. Did Iran pose an 'imminent' threat? The U.S. has not submitted an Article 51 notification to the UNSC declaring its strikes on Iran as self-defence. However, U.S. Defense Secretary Pete Hegseth described them as a precision operation to neutralise 'threats to national interest' and an act of 'collective self-defence' of U.S. forces and its ally, Israel. Tehran has maintained that its nuclear programme is for civilian purposes and remains under the supervision of the International Atomic Energy Agency. However, on June 12, the UN nuclear watchdog passed a resolution accusing Iran of violating its non-proliferation obligations, while noting that inspectors have been unable to confirm whether the programme is 'exclusively peaceful'. In March, Director of National Intelligence Tulsi Gabbard initially told Congress that while Iran had stockpiled materials, it was not actively building a nuclear weapon. However, she later warned that Iran could do so 'within weeks,' after President Trump claimed Iran could develop one 'within months.' Dr. Ranjan noted that the criteria for determining an 'imminent threat' remain highly contested, as the International Court of Justice (ICJ) has never ruled on the legality of anticipatory self-defence or pre-emptive strikes. 'For the U.S. to credibly invoke pre-emptive self-defence, it must present clear evidence of both Iran's intent and capability to strike in the near future. This is a difficult threshold to meet, given that Iran does not yet possess a nuclear weapon,' he said. He added that ongoing U.S.-Iran negotiations indicate that diplomatic means were still available. What about collective self-defence? Under Article 51 of the Charter, Israel can call on the assistance of its allies to exercise collective self-defence against an attack. 'Israel's strikes on Iran, framed as pre-emptive action against perceived nuclear threats, are legally suspect. This, in turn, casts doubt on the legitimacy of any claim to collective self-defence,' Dr. Ranjan said. Israel has also sought to justify its military offensive as part of an 'ongoing armed conflict,' citing a history of attacks by groups like Hamas and the Houthis, which it claims act as Iranian proxies. However, to legally sustain this argument, Israel must meet the 'effective control' test set by the ICJ in Nicaragua versus U.S. (1986). This is a high threshold to meet since it requires proof that Iran exercises 'overall control' over these groups beyond merely funding or arming them. What are the implications? Allowing states to invoke pre-emptive self-defence would effectively grant powerful nations the licence to unilaterally use force based on mere conjecture. This would further weaken the already fragile rules-based international order. It is, therefore, crucial to resist expanding legal definitions of what constitutes an imminent threat, particularly when punitive action by the UNSC against permanent members like the U.S. remains unlikely due to their veto power.
Yahoo
26-06-2025
- Business
- Yahoo
TMC (TMC) Jumps 13.3% as Investment Firm Turns Bullish
We recently published . TMC the metals company Inc. (NASDAQ:TMC) is one of the Wednesday's top performers. TMC jumped by 13.31 percent on Wednesday to end at $7.49 apiece after earning a bullish rating from an investment firm. In its market note, Wedbush upgraded TMC the metals company Inc. (NASDAQ:TMC) to 'outperform' from 'neutral' and raised its price target to $11 from $6 previously. The new price target represented a 49 percent upside from its latest closing price. According to Wedbush, the upgrade was based on a stronger US government from President Donald Trump's executive order in April, 'Unleashing America's Offshore Critical Minerals and Resources,' which could allow TMC the metals company Inc. (NASDAQ:TMC) to bypass the UN-affiliated International Seabed Authority and ramp up production in the Clarion Clipperton Zone. A tunneling machine underground, deep in the mine to extract the polymetallic nodules. 'TMC is well-positioned to emerge as a critical enabler of US supply chain independence through increased urgency from intensifying trade tensions with China, particularly around rare earths and critical minerals,' it said. While we acknowledge the potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
