Netflix misses Q3 earnings targets amid Brazil tax dispute
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it...
Iranian President Masoud Pezeshkian has issued a stark warning over unsustainable water usage, cautioning that the capital Tehran could face severe shortages as early as September if consumption is not brought under control, the semi-official Tasnim news agency reported on Thursday.
Iran has long struggled with resource mismanagement and excessive consumption, leading to repeated electricity, gas, and water shortages during periods of high demand.
“If we fail to manage the situation and people do not cooperate in reducing consumption, there will be no water left in Tehran’s dams by September or October,” Pezeshkian warned.
According to Sheena Ansari, head of the Environmental Protection Organisation, Iran has endured drought conditions for the past five years. The Meteorological Organisation has recorded a 40% decline in rainfall over the past four months compared to long-term averages.
“Our lack of focus on sustainable development has left us grappling with serious environmental challenges, including water stress,” Ansari told state media.
One of the key concerns is high domestic water consumption. Mohsen Ardakani, head of Tehran province’s water and wastewater company, told Mehr news agency that 70% of residents use more than the recommended 130 litres per day.
Iran’s water crisis is compounded by the agricultural sector, which consumes around 80% of the country’s water resources. Addressing the issue will require comprehensive reforms in natural resource management, something successive governments have struggled to implement.
On Wednesday, President Pezeshkian dismissed a government proposal to declare Wednesdays a day off or introduce a week-long summer holiday to curb demand, saying such measures merely "cover up" the crisis rather than solve it.
Iran has previously faced public unrest over water shortages, most notably during the summer of 2021 in the country’s southwest.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
President Donald Trump rejected a request from leading Democratic lawmakers to meet until the three-week-old U.S. government shutdown is brought to an end on Tuesday.
A Colombian court has overturned former President Álvaro Uribe’s convictions for fraud and bribery, halting a years-long legal saga that had made him the country’s first ex-leader to face criminal sentencing.
A Jan. 6 rioter who was pardoned by President Donald Trump has been charged with making terroristic threats after allegedly sending text messages that threatened to kill House Democratic Leader Hakeem Jeffries, according to a felony complaint filed in New York state court.
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it offered a slightly stronger-than-expected forecast for the rest of the year.
Uzbekistan and Saudi Arabia have strengthened their strategic economic partnership with new projects in the capital’s development plan, including the construction of the ‘Riyadh Quarter’ in New Tashkent and the launch of a new international airport.
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