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Iran officials strike defiant note to new US sanctions

10 Oct 2020; MEMO: Downplaying the impact of new US sanctions on Iranian banks, Iran’s President Hassan Rouhani on Friday said the move is a “political propaganda” to appease domestic audience in the US, Anadolu reports.

Speaking to the head of Iran’s Central Bank, Rouhani struck a defiant tone, saying the new US sanctions targeting Iranian financial institutions “cannot break the resistance of Iranians”.

China has deployed 60K soldiers on India's northern border: Pompeo

Washington, Oct 10 (PTI) China has amassed 60,000 troops on India's northern border, US Secretary of State Mike Pompeo has said as he hit out at Beijing for its "bad behaviour" and the threats it poses to the Quad countries.

The foreign ministers from the Indo-Pacific nations known as the Quad group - the US, Japan, India and Australia - met in Tokyo on Tuesday in what was their first in-person talks since the coronavirus pandemic began.

Israel's parliament to ratify UAE deal on Monday: Netanyahu

09 Oct 2020; MEMO: Israeli Prime Minister Benjamin Netanyahu said on Thursday that he will bring diplomatic accords with the United Arab Emirates before the Israeli parliament on Oct. 12, Reuters reports.

Israel and the UAE signed agreements in Washington in September to normalize diplomatic ties and to forge a broad new relationship.

Netanyahu said he intends to get cabinet and parliamentary ratification for the deal, which marks a strategic realignment of Middle East countries against Iran.

US hits Iran's financial sector with fresh round of sanctions

09 Oct 2020; MEMO: The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 Iranian banks in an effort to further shut Iran out of the global banking system as Washington ramps up pressure on Tehran weeks ahead of the US election, Reuters reports.

Turkey, Greece foreign ministers meet for first time since east Med tensions

09 Oct 2020; MEMO: Turkish official media reported that the foreign ministers of Turkey and Greece met on Thursday for the first time since tensions erupted between the two member states of the North Atlantic Treaty Organisation (NATO), over the eastern Mediterranean’s energy rights and maritime borders demarcation.

Turkey’s Central Bank raises lira swap rate

09 Oct 2020; MEMO: Turkey’s Central Bank increased the Turkish lira interest rate for swap transactions by 150 basis points on Friday, Anadolu Agency reports.

The rate, the bank uses in weekly currency swaps, rose to 11.75 per cent from 10.25 per cent, according to information obtained by an Anadolu Agency reporter.

Indonesia: Protests against new labour law turn violent across

Jakarta, Oct 9 (AP/PTI) Protests in many Indonesian cities turned violent Thursday as thousands of enraged students and workers criticized a new law they say will cripple labour rights and harm the environment.

Clashes between rock-throwing demonstrators and riot police broke out near Jakarta's presidential palace as police tried to disperse the protesters, including workers and high school and university students.

President Joko Widodo is visiting Central Kalimantan province and was not in the palace.

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