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The UN nuclear watchdog's board of governors passed a resolution chiding Iran's poor cooperation with the agency after hours of heated exchanges, diplomats told AFP late on Thursday, a move Tehran called "politically motivated". The censure motion brought by Britain, France, Germany and the United States at the International Atomic Energy Agency's 35-nation board follows a similar one in June. But it comes as tensions run high over Iran's atomic programme, with critics fearing that Tehran is attempting to develop a nuclear weapon -- a claim the Islamic Republic has repeatedly denied. The resolution -- which China, Russia and Burkina Faso voted against -- was carried by 19 votes in favour, with 12 abstentions and Venezuela not participating, two diplomats told AFP. Ahead of the vote on Thursday night, the United States and its European allies sought to rally support for their resolution by denouncing Iran. In its national statement to the board, Washington said that Tehran's nuclear activities are "deeply troubling". London, Paris and Berlin in a joint statement drew attention to the "threat" Iran's nuclear programme posed "to international security", stressing that it now had enough highly enriched uranium for four nuclear weapons. In a first reaction after the vote, Iran's ambassador to the IAEA, Mohsen Naziri Asl, told AFP that the resolution was "politically motivated", citing its "low support" compared to previous censures. The confidential resolution seen by AFP says it is "essential and urgent" for Iran to "act to fulfil its legal obligations". The text also calls on Tehran to provide "technically credible explanations" for the presence of uranium particles found at two undeclared locations in Iran. Moreover, Western powers are asking for a "comprehensive report" to be issued by the IAEA on Iran's nuclear efforts "at the latest" by spring 2025. Since 2021, Tehran has significantly decreased its cooperation with the agency by deactivating surveillance devices to monitor the nuclear programme and barring UN inspectors. At the same time, Iran has rapidly ramped up its nuclear activities, including by increasing its stockpiles of enriched uranium. That has heightened fears that Tehran might be seeking to develop a nuclear weapon, which it denies. The resolution comes just as IAEA head Rafael Grossi returned from a trip to Tehran last week, where he appeared to have made headway. During the visit, Iran agreed to an IAEA demand to cap its sensitive stock of near weapons-grade uranium enriched up to 60 percent purity. "This is a concrete step in the right direction," Grossi told reporters Wednesday, saying it was "the first time" Iran had made such a commitment since it started breaking away from its obligations under the nuclear deal. The landmark 2015 deal -- which curbed Iran's nuclear programme in exchange for sanctions relief -- fell apart three years later after the unilateral withdrawal by the United States under then-president Donald Trump. In retaliation, Tehran began gradually rolling back some of its commitments by increasing its uranium stockpiles and enriching beyond the 3.67 percent purity -- enough for nuclear power stations -- permitted under the deal. Although symbolic in nature at this stage, the censure motion is designed to raise diplomatic pressure on Iran. Iran's Foreign Minister Abbas Araghchi said Thursday the censure "will disrupt" interactions with the agency, but stressed Tehran would remain keen to cooperate. Earlier, Araghchi had warned of a "proportionate" response by Iran if the board passes the resolution. According to Heloise Fayet, a researcher at the French Institute of International Relations, the resolution has the potential to "harm Rafael Grossi's efforts". "But Western powers are frustrated by the lack of effectiveness of his diplomatic manoeuvres and are looking for firmer solutions," she told AFP. On Wednesday, Grossi said he could "not exclude" that Iran's commitment to cap enrichment might falter "as a result of further developments". Foreign policy expert Rahman Ghahremanpour said Tehran might retaliate to the new censure by "increasing the enrichment levels". But he does not expect any drastic "strategic measures" as Iran does not want to "aggravate tensions" before Trump returns to the White House. pdm-anb-kym/givBuffalo Bills' biggest weakness will face an immense challenge on Sunday against the Detroit Lions

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NEW DELHI: The government has cancelled the auction of 11 critical mineral blocks in the fourth round due to poor response. While no bids were received for four blocks, the remaining seven mines got less than three technically qualified bidders, according to the annulment notice. The four blocks which include tungsten and glauconite, are located in the states of Chhattisgarh and Arunachal Pradesh. "Since there were nil bids received....the auction process for four mineral blocks stands annulled," the notice said. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play crucial roles in the production of clean energy technologies, ranging from wind turbines to electric vehicles. "Since there were less than three technically qualified bidders...the auction process of these seven mineral blocks stands annulled," the notice said. The government had earlier cancelled the auction of three critical mineral blocks in the third round, 14 blocks in the second round, and 14 in the first tranche of critical minerals as the response was lukewarm. The government had earlier said that 24 critical and strategic mineral blocks have been sold in four rounds of auction. "Out of 48 blocks put to e-auction, 24 have been successfully auctioned, including four mining lease (ML) and 20 composite licenses (CL) blocks," the mines ministry had said. India is all set to launch a Critical Mineral Mission in the upcoming year to secure vital resources for green energy and technology. The initiative involves government, industry, and research collaboration, focusing on acquiring overseas assets like lithium and cobalt, particularly in Australia, and boosting domestic mining through auctions and roadshows. With a series of high-profile roadshows abroad along with plans to acquire critical mineral assets in Australia, India is set to woo international investors and make its mark on the global mining map. The countries are now racing in a bid to secure these vital resources, which include lithium and cobalt, through a complex web of policies and alliances, realising that critical minerals are the new lifeblood of the 21st-century economy. According to an estimate by the World Bank, by 2050, the production of minerals, including lithium and cobalt, will need to increase by nearly 500 per cent in a bid to meet the growing demand for clean energy technologies. At the same time, the International Energy Agency foresees that the rise in electric vehicles and battery storage will speed up the demand for these minerals at least 30 times by 2040. Critical minerals are also the backbone of the semiconductor industry. As the country pushes to become a global hub for semiconductor manufacturing -- a sector that is likely to reach one trillion dollars globally by 2030 -- the need for a stable supply of critical minerals becomes even more urgent. Semiconductors, tiny chips that power everything from smartphones to electric vehicles, depend heavily on materials like silicon, cobalt, and rare earth elements, in addition to access to technology.

Lippes Mathias, a law firm headquartered in Fountain Plaza, has formed a strategic alliance with Masiello, Martucci & Associates, a lobbying firm headquartered in the Main Court Building on Main Street. Former Erie County District Attorney John J. Flynn, who joined Lippes Mathias as partner in April, will maintain his legal practice while heading up the alliance for Lippes Mathias and working with Masiello, Martucci & Associates. Former Mayor Anthony Masiello's lobbying firm has formed a strategic alliance with the Lippes Matthias law firm.(News file photo) Lippes Mathias called it a big move for its New York state lobbying practice, which was formed in 2015. It will help both firms increase their reach across the state, and into new industries and disciplines, including health care. Former Kaleida Health Senior Vice President and Chief Administrative Office Michael P. Hughes recently joined Masiello, Martucci & Associates as a partner, effective Jan. 1. "Both firms are committed to delivering high-quality, results-oriented solutions for clients,” said Kevin J. Cross, Lippes Mathias chairman and managing partner. "We are excited to work with MMA, as their deep knowledge of Western New York and their skill in executing strategic political initiatives make them an ideal ally in our new and existing legal and lobbying efforts." - Samantha Christmann The business news you need Get the latest local business news delivered FREE to your inbox weekly. News Business Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.

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Stockhead Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. MoneyMe secures $125m funding from iPartners New funding set to significantly boost the non-bank lender’s growth MoneyMe aims to expand its loan book and operations Special Report: MoneyMe has secured a major new funding partnership with iPartners, positioning the non-bank lender for funding efficiencies and loan book expansion as it sets its sights on further growth. Non-bank lender MoneyMe (ASX:MME) has just announced a strategic funding partnership with iPartners, one of Australia’s leading alternative asset investment platforms. The partnership involves securing a new $125 million corporate funding facility, which will be used to replace MoneyMe’s existing facility, driving funding efficiencies through substantially better terms. In addition, MoneyMe said the new, larger facility will allow the company to significantly grow its loan book and provide working capital to support its ongoing operations. The initial drawdown on the facility will be $65 million, with an additional $60 million available on an uncommitted basis. Settlement of the new facility with iPartners is expected to take place on Friday, December 20, subject to the satisfaction of customary conditions precedent. Neu Capital acted as the structuring advisor on this transaction, while Gilbert + Tobin and Hamilton Locke provided legal advice for MoneyMe and iPartners. Clayton Howes, CEO of MoneyMe, said the funding partnership with iPartners is significant for MoneyMe, and supports the company’s strategic objectives. “This 2.5x larger facility, at a greatly reduced funding cost, and importantly without dilution to shareholders, will unlock significant incremental growth opportunities for the Group and support our continuing growth strategy in 2025 and beyond,” Howes said. “We are pleased to have executed this part of our strategy ahead of time, and we are excited to begin the new year with this in place. “We have been extremely impressed with the iPartners team and are looking forward to a long and successful partnership.” Travis Miller, co-founder and CEO of iPartners, also shared Howes’ excitement about the partnership. “We have watched MoneyMe’s impressive growth across various securitisations, funding programs and product suite and wanted to get involved. “We are excited now to have a seat at the table and to have done our part in helping achieve their next phase of growth.” Facility sets MoneyMe up for future growth The new funding is a big part of MoneyMe’s growth objectives, especially as it looks ahead to a strong FY25. With additional funding in place, the company is positioned to further expand its operations, accelerate loan book growth, and keep shaking up the traditional lending market. The non-bank lender focuses on offering fast, flexible, and well-priced personal lending. The company says its proprietary technology, enabling near-instant credit decisions and quick loan approvals, sets it apart from traditional banks. This approach meets the growing demand from Australian consumers who want fast, tech-driven solutions. As MoneyMe continues to grow, it's also looking at new ways to expand its product range and capture more market share. The $125 million funding is expected to support these efforts and help the company expand in 2025 and beyond. This article was developed in collaboration with MoneyMe, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as MoneyMe secures strategic $125m funding facility with iPartners More related stories Stockhead Road to 2025: KRM Kingsrose Mining this year secured a strategic exploration alliance with global miner BHP and made big progress at its Penikat Platinum Group Elements project in Finland. Read more Stockhead Positive interim results for Trytamine IBS trial Tryptamine reports positive interim analysis for its phase 2a clinical study of oral psilocybin formula TRP-8802 in patients with IBS. Read more

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