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Iran threatens revenge for Soleimani killing if former US President Trump not tried

Iran’s President Ebrahim Raisi vowed revenge on Monday for the US assassination of Iranian General Qassem Soleimani two years ago unless former US President Donald Trump was put on trial.

“If Trump and [former secretary of state Mike] Pompeo are not tried in a fair court of law for the criminal act of assassinating General Soleimani, Muslims will take their martyr’s revenge,” Raisi said, according to state news agency IRNA.

Iran and allied groups in Iraq have been holding vigils to honor Soleimani, the former commander of the Quds Force, the overseas arm of the IRGC, who was killed in a drone strike in Iraq on January 3, 2020, along with Iraqi militia commander Abu Mahdi al-Muhandis.

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Iran’s permanent representative to the United Nations also called on the UN Security Council to hold the US and Israel responsible for assassinating Soleimani.

“Given the dire implications of this terrorist act on international peace and security, the Security Council must live up to its Charter-based responsibilities and hold the US and the Israeli regime to account for planning, supporting and committing that terrorist act,” Takht Ravanchi said in his letter to the UNSC.

At the time of the drone strike that killed Soleimani, the US justified its actions to the UN as “self-defense” and said it was prepared to take any additional actions “as necessary” in the Middle East to protest US personnel and interests.

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Vatican chastises bishops who stoke division on social media


The Vatican urged bishops and high-profile lay Catholic leaders on Monday to tone down their comments on social media, saying some were causing division and stoking polemics that harmed the entire Church.

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The appeal was part of a 20-page document by the Vatican’s communications department titled, “Towards Full Presence. A Pastoral Reflection on Engagement with Social Media.”

The document, addressed to all Catholics, warned of the dangers of fake news on social media and other forms of abuse that had turned people into commodities whose data is sold, often without their knowledge or consent.

It condemned polarization and extremism that had led to “digital tribalism” on social media, saying individuals were often locking themselves in silos of opinion that hindered dialog and often led to violence, abuse and misinformation.

“The Christian style should be reflective, not reactive, on social media. Therefore, we should all be careful not to fall into the digital traps hidden in content that is intentionally designed to sow conflict among users by causing outrage or emotional reactions,” the document said.

“The problem of polemical and superficial, and thus divisive, communication is particularly worrying when it comes from Church leadership: bishops, pastors, and prominent lay leaders,” it said.

A number of conservative Catholic bishops and high-profile commentators, particularly in the US, have criticized Pope Francis on Twitter, with some having endorsed fierce, far-right video attacks on the pontiff.

“Unfortunately, broken relationships, conflicts, and divisions are not foreign to the Church. For example, when groups that present themselves as ‘Catholic’ use their social media presence to foster division, they are not behaving like a Christian community should,” the document said.

It said particular attention would have to be paid to advances in artificial intelligence (AI) in coming years, urging Catholics to beware machines “that make our decisions for us.”

In 2020, the Vatican joined forces with tech giants Microsoft and IBM to promote the ethical development of AI and call for regulation of intrusive technologies such as facial recognition.

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Goldman cuts Israeli shekel forecasts on politics, intervention


Strategists at Goldman Sachs Group Inc. have revised their forecasts to reflect a weaker shekel on renewed concerns that Prime Minister Benjamin Netanyahu’s judicial plan will increase pressure on the currency and the central bank won’t intervene to support it.

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Comments by central bank Deputy Governor Andrew Abir last week that interest rates need to be the main tightening tool have downplayed the “potential for FX interventions, the strategists said in a report on Friday. The shekel slumped 2.3 percent last week after parliament passed a new national budget, which granted more funding to the nation’s ultra-Orthodox in order to secure the bloc’s loyalty to his right-wing coalition.

Goldman revised its forecasts of the shekel to 3.70 and 3.60 against the dollar in the next three and 12 months, respectively, compared with 3.50 and 3.40 previously. While that’s still stronger than the current level, the strategists said they expect volatility around their estimates to “remain elevated. The shekel rose 0.3 percent to 3.7178 as of 2:50 p.m. in Jerusalem on Monday.

“With limited policy support, we think domestic political developments will remain in the driver’s seat for the shekel, Goldman’s strategists, including Kamakshya Trivedi, said in the report.

The shekel’s correlation with the performance of global technology stocks began to break down in January amid massive protests against Netanyahu’s plans to give politicians more control over the judiciary and its appointments. His decision in late March to delay the plan had provided some reprieve for the currency, until last week.

The shekel trades at a more than 10 percent discount to Goldman’s estimated fair value of around 3.3 per dollar, the strategists said.

In April, Moody’s Investors Service lowered the outlook on the nation’s A1 rating to stable from positive, citing a “deterioration of Israel’s governance.

“If market participants and tech investors continue to grow more concerned about domestic political developments and their impact on institutional quality, then risk premium may build further in the currency, the strategists at Goldman said.

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Elon Musk to visit China this week: Sources


Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years.
Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the sources said.
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It was not immediately clear who Musk would meet and what they would discuss. The people with knowledge of the trip declined to be named as the matter is private.
Tesla and China’s State Council Information Office did not immediately respond to requests for comment.
Reuters reported in March that Musk was planning a trip to China and seeking a meeting with Chinese Premier Li Qiang as early as April, with the exact timing subject to Li’s availability.
China is Tesla’s second-largest market after the United States, and its Shanghai plant is the electric carmaker’s largest production hub.
Musk also owns social media platform Twitter, which is banned in China, although some people access it via virtual private networks (VPNs).
The trip would mark Musk’s first in China since he set the internet abuzz by dancing on stage during an event at Tesla’s Shanghai factory in early 2020.
It would also come at a time when Tesla is grappling with multiple issues, including intensifying competition with Chinese automakers that are exporting their China-made electric vehicles as demand in the world’s largest auto market weakens.
Tesla has not yet given any update on its plans to increase output by 450,000 vehicles a year at its Shanghai plant, although it said in April it would build a factory in Shanghai to produce Megapack energy storage products.
The company has submitted plans to local authorities to expand capacity for producing powertrains at the Shanghai plant to 1.75 million units annually.
China’s state planner has been struggling with a capacity glut in its auto industry with more than 100 players and has been cautious about approving new production capacity.
Musk told CNBC earlier this month that “there are some constraints on our ability to expand in China.” He added: “It’s not a demand issue.”
In the same interview, Musk said tensions between the United States and China “should be a concern for everyone.”
Tesla is building a plant in Mexico expected to produce a lower-cost electric car built on its next-generation platform.
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