US Administration Weighs Up New Sanctions on Iran

FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott
FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott
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US Administration Weighs Up New Sanctions on Iran

FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott
FILE PHOTO: Police officers wearing face masks guard the US Capitol Building in Washington, US, May 14, 2020. REUTERS/Erin Scott

US reports revealed that the US administration was considering imposing new sanctions on entities linked to Iran, for encouraging attacks on writer Salman Rushdie, who was stabbed last month during an event in New York.

Rushdie spent years under police protection after the first Iranian leader, Khomeini, issued a fatwa in 1989 calling for his execution because of his 1988 book, “The Satanic Verses.”

The author was stabbed severally by Hadi Matar, an American citizen of Lebanese origin, prior to a lecture at the Institute Chautauqua, New York, on Aug. 12. The suspected attacker had expressed “respect” to Khomeini, but denied reports of sympathy for Iran’s Revolutionary Guards.
According to an article published by The Wall Street Journal (WSJ), the sanctions under consideration include restricting the access of these Iran-affiliated entities to the global financial system.

The report added that US officials considered elements of the Iranian regime liable because of their support for the fatwa, or Islamic edict, issued by Khomeini in 1989, demanding Rushdie’s death over “The Satanic Verses.”

No decision has been made on whether the sanctions would target the 15th Khordad Foundation in Iran, a charitable organization operating under the supervision of the Office of the Supreme Leader.

The Foundation put a bounty of about $2.5 million on Rushdie’s head in 1997, raising it to $2.8 million in late 1998 and then again to $3.3 million in 2012. The organization has been silent since the author was attacked this summer, the WSJ reported.

Iranian media organizations, including the semi official Fars news agency, have also publicly pledged to contribute to the bounty. In 2016, 40 Iranian state-run news outlets added $600,000 to the bounty for the killing of Rushdie. That amount included the equivalent of $30,000 from Fars, which published a list of the news outlets.

According to the newspaper, US sanctions would complicate the international dealings of the relevant organizations, from receiving donations to sending funds and investing abroad.

Meanwhile, bipartisan US lawmakers announced that they would introduce legislation Thursday that would solidify US sanctions against Iran in order to apply pressure to the regime as it attempts to obtain nuclear weapons, Fox News reported.

The lawmakers said that the legislation, titled the Solidify Iran Sanctions Act (SISA), would create a necessary deterrent by targeting the country’s energy sector and making it more difficult to finance terrorist operations or develop ballistic missiles.

Fox News quoted Rep. Michelle Steel, who is leading the bill, as saying: “From brutal abuses committed against its own people, to its never-ending threats towards free and democratic societies, the Iranian regime has proven time and again that they are a rogue state with no interest in preserving regional or global peace.”

She added: “It is more important than ever that we prevent the unacceptable threat of a nuclear Iran from becoming a reality. Existing sanctions have proven successful in preventing such a catastrophe, and we must ensure that we can continue to place economic and strategic pressures on Iran to prevent them from developing nuclear weapons or supporting terrorists.”



ECB President Lagarde Reportedly Plans to Quit Before Macron's Term Ends

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
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ECB President Lagarde Reportedly Plans to Quit Before Macron's Term Ends

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo

European Central Bank President Christine Lagarde plans to leave her job before next year's French presidential election to allow Emmanuel Macron to have an input into picking her successor, the Financial Times reported on Wednesday.

Lagarde's term is due to end in October 2027 but some fear that the far right may win the French presidential race ‌in the spring of ‌2027, complicating the selection for the ‌new ⁠leader of Europe's most ⁠important financial institution.

Citing a person familiar with the matter, the FT said Lagarde has not yet decided on the exact timing of her departure but was keen on Macron and German Chancellor Friedrich Merz to be the key deciders in who succeeds her. Macron cannot run again for a third term.

"President Lagarde is ⁠totally focused on her mission and has not ‌taken any decision regarding the end ‌of her term," Reuters quoted an ECB spokesperson as saying.

The FT report comes only ‌a week after Bank of France Governor Francois Villeroy de Galhau ‌said he would step down in June this year, more than a year before the end of his term, allowing Macron to name his replacement before the presidential election that the far-right could win.

While it ‌will be up to all leaders from the 21-nation euro zone to pick Lagarde's successor, ⁠past practice ⁠suggests that any successful candidate must have both German and French support to clinch the role.

There are no formal candidates for the job yet but several names have been floating among ECB circles as potential ECB presidents. The most prominent among these are former Dutch central bank chief Klaas Knot and Bank for International Settlements General Manager Pablo Hernandez de Cos.

Lagarde's non-renewable term at the ECB runs until October 31, 2027. Prior to heading the ECB, she was managing director of the International Monetary Fund from 2011 to 2019 and before that, the French finance minister.


PSG’s Mental Strength Hailed as they Come from Behind to Win at Monaco

Soccer Football - UEFA Champions League - Play Off - First Leg - AS Monaco v Paris St Germain - Stade Louis II, Monaco - February 17, 2026 Paris St Germain coach Luis Enrique reacts REUTERS/Manon Cruz
Soccer Football - UEFA Champions League - Play Off - First Leg - AS Monaco v Paris St Germain - Stade Louis II, Monaco - February 17, 2026 Paris St Germain coach Luis Enrique reacts REUTERS/Manon Cruz
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PSG’s Mental Strength Hailed as they Come from Behind to Win at Monaco

Soccer Football - UEFA Champions League - Play Off - First Leg - AS Monaco v Paris St Germain - Stade Louis II, Monaco - February 17, 2026 Paris St Germain coach Luis Enrique reacts REUTERS/Manon Cruz
Soccer Football - UEFA Champions League - Play Off - First Leg - AS Monaco v Paris St Germain - Stade Louis II, Monaco - February 17, 2026 Paris St Germain coach Luis Enrique reacts REUTERS/Manon Cruz

Paris Saint-Germain coach Luis ‌Enrique hailed the mental strength of his side in coming from two goals down to win 3-2 away at Monaco in the Champions League on Tuesday, but warned the knockout round tie was far from finished.

The first leg clash between the two Ligue 1 clubs saw Folarin Balogun score twice for the hosts in the opening 18 minutes before Vitinha had his penalty saved to compound matters.

But after Desire Doue came on for injured Ousmane Dembele, the ‌match turned ‌and defending champions PSG went on to ‌secure ⁠a one-goal advantage ⁠for the return leg.

"Normally, when a team starts a match like that, the most likely outcome is a loss,” Reuters quoted Luis Enrique as saying.

“It was catastrophic. It's impossible to start a match like that. The first two times they overcame our pressure and entered our half, they scored. They ⁠made some very good plays.

“After that, it's difficult ‌to have confidence, but we ‌showed our mental strength. Plus, we missed a penalty, so ‌it was a chance to regain confidence. In the ‌last six times we've played here, this is only the second time we've won, which shows how difficult it is.”

The 20-year-old Doue scored twice and provided a third for Achraf Hakimi, just ‌days after he had turned in a poor performance against Stade Rennais last Friday ⁠and was ⁠dropped for the Monaco clash.

“I'm happy for him because this past week, everyone criticized and tore Doue apart, but he was sensational, he showed his character. He helped the team at the best possible time.”

Dembele’s injury would be assessed, the coach added. “He took a knock in the first 15 minutes, then he couldn't run.”

The return leg at the Parc des Princes will be next Wednesday. “Considering how the match started, I'm happy with the result. But the match in Paris will be difficult, it will be a different story,” Luis Enrique warned.


UK Inflation Falls to 3.0% in January

Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
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UK Inflation Falls to 3.0% in January

Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)

Britain's annual ‌rate of consumer price inflation fell to 3.0% in January from 3.4% in December, official figures showed on Wednesday.

A Reuters poll of economists had shown a median forecast of 3.0% in January and the Bank of England projected earlier this month that the headline measure of inflation would slow to ‌2.9%.

British inflation ‌has run higher than in ‌the ⁠United States and in ⁠the euro zone where it stood at 2.4% and 1.7% respectively in January.

But the BoE expects the pace of price rises to slow sharply to almost its 2% target in ⁠April as last year's rises ‌in utility costs and ‌other government-controlled tariffs fall out of ‌the annual comparison.

Investors expect the central bank ‌to cut its benchmark interest rate to 3.5% at its next meeting in March after a tight vote to keep borrowing costs ‌on hold in February although some policymakers remain worried about underlying ⁠inflation ⁠pressure.

Financial markets on Tuesday also priced a second quarter-point interest rate cut by the BoE by the end of in 2026.

ONS data last week painted a downbeat picture of Britain's economy at the end of 2025 with output barely growing. Figures released on Tuesday showed the labor market was still losing jobs although there were some signs of a stabilization.