US Secretary of State Antony Blinken speaks at the State Department in Washington on Thursday, February 4, 2021. Bloomberg
US Secretary of State Antony Blinken speaks at the State Department in Washington on Thursday, February 4, 2021. Bloomberg
US Secretary of State Antony Blinken speaks at the State Department in Washington on Thursday, February 4, 2021. Bloomberg
US Secretary of State Antony Blinken speaks at the State Department in Washington on Thursday, February 4, 2021. Bloomberg

US accepts talks with Iran and backtracks on Trump sanctions claim


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The US on Thursday said it was ready to meet Iran and reversed former president Donald Trump's claims of new UN sanctions, providing an opening to restart nuclear diplomacy.

Hours after Secretary of State Antony Blinken spoke to his European counterparts, the US welcomed a proposal to convene talks between all nations that were part of the 2015 Iran nuclear deal.

The EU political director, Enrique Mora, afterwards proposed via Twitter an informal meeting of all participants, saying the nuclear accord was at a "critical moment" before a weekend deadline for Iran to restrict some UN nuclear inspections.

"The United States would accept an invitation from the European Union High Representative to attend a meeting of the P5+1 and Iran to discuss a diplomatic way forward on Iran's nuclear programme," State Department spokesman Ned Price said.

The group that sealed the 2015 deal includes the US and Iran as well as Britain, China, France, Germany and Russia.

Mr Trump withdrew from the nuclear accord and instead imposed sweeping sanctions aimed at bringing Iran to its knees.

But President Joe Biden supports a return to diplomacy, saying that the 2015 accord was effective in reducing Tehran's nuclear programme.

It remains to be seen if Iran will be willing to sit down with the US.

Iran insists that the US first lifts sanctions before it returns to full compliance with the 2015 accord, reversing steps it took in protest against Mr Trump's measures.

On Thursday, the Biden administration said it was no longer contending that the UN had imposed new sanctions on Iran.

In a letter, the acting US ambassador to the United Nations, Richard Mills, said that sanctions said to be reinstated in August "remain terminated".

Former secretary of state Mike Pompeo had argued that the US was still technically a participant in the 2015 accord and was triggering UN sanctions for breaches.

Even close US allies dismissed the argument and the UN said that no such additional sanctions had come into force.

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

One in nine do not have enough to eat

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.

One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.

It is currently estimated that one in nine people globally do not have enough to eat.

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.

 

MEYDAN CARD

6.30pm Maiden Dh165,000 (Dirt) 1,600m

7.05pm Conditions Dh240,000 (D) 1,600m

7.40pm Handicap Dh190,000 (D) 2,000m

8.15pm Handicap Dh170,000 (D) 2,200m

8.50pm The Entisar Listed Dh265,000 (D) 2,000m

9.25pm The Garhoud Sprint Listed Dh265,000 (D) 1,200m

10pm Handicap Dh185,000 (D) 1,400m

 

The National selections

6.30pm Majestic Thunder

7.05pm Commanding

7.40pm Mark Of Approval

8.15pm Mulfit

8.50pm Gronkowski

9.25pm Walking Thunder

10pm Midnight Sands

Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm