5.9 C
Beijing
Wednesday, February 25, 2026

Fed’s Goolsbee Urges Patience on Rate Cuts, Citing Persistent Inflation

Chicago Fed President Austan Goolsbee emphasizes caution on interest rate cuts, stating that inflation must show a clear path to the 2% target before further reductions are considered. He highlights concerns about services inflation and the risks of premature easing.

China Holds Steady: Benchmark Lending Rates Unchanged Amid Economic Balancing Act

China's central bank keeps benchmark lending rates unchanged for the ninth consecutive month, navigating economic slowdowns, currency strength, and domestic demand challenges.

TopFan Opens Its Fan-Community Platform to Individual Creators, Targeting the “Owned Audience” Boom

TopFan is expanding its fan-community platform to individual creators, offering a direct-to-fan hub for paid communities, merch, livestreams, and audience data—highlighting the 2026 shift toward owned audiences and creator-controlled monetization.

Davos Forum Rescinds Invitation to Iranian Diplomat Amidst Protest Crackdown

WorldEuropeDavos Forum Rescinds Invitation to Iranian Diplomat Amidst Protest Crackdown

The World Economic Forum (WEF) has withdrawn its invitation to Iran’s Foreign Minister Abbas Araghchi for the annual gathering in Davos. The decision comes in response to the Iranian government’s severe crackdown on recent anti-government protests, which have resulted in significant loss of civilian life.

The WEF stated that given the tragic events, it is inappropriate for the Iranian government to be represented at the forum this year, which is being held under the theme “A Spirit of Dialogue.”

Anti-government demonstrations erupted in Iran late last month, initially fueled by economic hardship and the depreciation of the national currency. These protests reportedly spread to various cities across the country. The situation escalated on January 8th, with reports of violent clashes between protesters and security forces, particularly in western provinces, leading to numerous casualties.

Iranian authorities have described the protests as being “hijacked by rioters” and have alleged support from US and Israeli intelligence agencies. However, activists report that over 3,900 people have been killed amid the crackdown.

The decision by the WEF followed a report by the US-based NGO United Against Nuclear Iran, which had learned that Araghchi was scheduled to have a speaking slot at the event. The move also came after US Republican Senator Lindsey Graham strongly criticized the initial invitation, comparing it to inviting Hitler after Kristallnacht and questioning the organizers’ judgment.

Separately, the Munich Security Conference also recently disinvited Iranian representatives, including Araghchi, from their event.

The annual WEF meeting is scheduled to take place from January 19-23 in Davos, Switzerland.

Check out our other content

Check out other tags:

Most Popular Articles