Widespread arrests roil Iran weeks after security forces crushed protests

Widespread arrests roil Iran weeks after security forces crushed protests


The Iranian security agents came at 2 am, pulling up in a half-dozen cars outside the home of the Nakhii family. They woke up the sleeping sisters, Nyusha and Mona, and forced them to give the passwords for their phones. Then they took the two away.

The women were accused of participating in the nationwide protests that shook Iran a week earlier, a friend of the pair told The Associated Press, speaking on condition of anonymity for her security as she described the Jan. 16 arrests.

Such arrests have been happening for weeks following the government crackdown last month that crushed the protests calling for the end of the country’s theocratic rule.

Reports of raids on homes and workplaces have come from major cities and rural towns alike, revealing a dragnet that has touched large swaths of Iranian society.

University students, doctors, lawyers, teachers, actors, business owners, athletes and filmmakers have been swept up, as well as reformist figures close to President Masoud Pezeshkian.

They are often held incommunicado for days or weeks and prevented from contacting family members or lawyers, according to activists monitoring the arrests. That has left desperate relatives searching for their loved ones.

The US-based Human Rights Activists News Agency has put the number of arrests at more than 50,000. The AP has been unable to verify the figure. Tracking the detainees has been difficult since Iranian authorities imposed an internet blackout, and reports leak out only with difficulty.

Other activist groups outside Iran have also been working to document the sweeps.

“Authorities continue to identify people and detain them,” said Shiva Nazarahari, an organiser with one of those groups, the Committee for Monitoring the Status of Detained Protesters.

So far, the committee has verified the names of more than 2,200 people who were arrested, using direct reports from families and a network of contacts on the ground. The arrestees include 107 university students, 82 children as young as 13, as well as 19 lawyers and 106 doctors.

Nazarahari said authorities have been reviewing municipal street cameras, store surveillance cameras and drone footage to track people who participated in the protests to their homes or places of work, where they are arrested.

Held for weeks with no contact

The protests began in late December, triggered by anger over spiralling prices, and quickly spread across the country. They peaked on Jan. 8 and 9, when hundreds of thousands of people in more than 190 cities and towns across the country took to the streets.

Security forces responded by unleashing unprecedented violence. The Human Rights Activists News Agency has so far counted more than 7,000 dead and says the true number is far higher. Iran’s government offered its only death toll on Jan. 21, saying 3,117 people were killed. The theocracy has undercounted or not reported fatalities from past unrest.

Gholamhossein Mohseni Ejehi, a hard-line cleric who heads Iran’s judiciary, became the face of the crackdown, labelling protesters “terrorists” and calling for fast-tracked punishments.

Since then, “detentions have been very widespread because it’s like a whole suffocation of society,” said one protester, reached by the AP in Gohardasht, a middle-class area outside the Iranian capital. He said two of his relatives and three of his brother’s friends were killed in the first days of the crackdown, as well as several neighbours. The protester spoke on condition of anonymity for fear of being targeted by authorities.

The Nakhii sisters, 37-year-old Nyusha and 25-year-old Mona, were first taken to Tehran’s notorious Evin prison, where they were allowed to contact their parents, their friend said. Later, she said, they were moved to Qarchak, a women’s prison on the outskirts of Tehran, where rights groups reported conditions that included overcrowding and lack of hygiene even before the crackdown.

Other people whose arrests were documented by the detainees committee have disappeared into the prisons. The family of Abolfazl Jazbi has not heard from him since his Jan. 15 arrest at a factory in the southern city of Isfahan. Jazbi suffers from a severe blood disorder that requires medication, according to the committee.

Atila Sultanpour, 45, has not been heard from since he was taken from his home in Tehran on Jan. 29 by security agents who beat him severely, according to Dadban, a group of Iranian lawyers based abroad who are also documenting detentions.

Authorities have also moved to suspend bank accounts, block SIM cards and confiscate the property of protesters’ relatives or people who publicly express support for them, said Musa Barzin, an attorney with Dadban, citing reports from families.

In past crackdowns on protests, authorities sometimes adhered to a veneer of due process and rule of law, but not this time, Barzin said. Authorities are increasingly denying detainees access to legal counsel and often holding them for days or weeks before allowing any phone calls to family. Lawyers representing arrested protesters also have faced court summons and detention, according to Dadban.

“The following of the law is in the worst situation it has ever been,” Barzin said.

Signs of defiance continue

Despite the crackdown, many civic groups continue to issue defiant statements.

The Writers’ Association of Iran, an independent group with a long tradition of dissent, issued a statement describing the protests as an uprising against “47 years of systemic corruption and discrimination.” It also announced that two of its members had been detained, including a member of its secretariat.

A national council representing schoolteachers urged families to speak out about detained children and students. “Do not fear the threats of security forces. Refer to independent counsel. Make your children’s names public,” it said in a statement.

A spokesman for the council said Sunday that it has documented the deaths of at least 200 minors who were killed in the crackdown. That figure is up several dozen from the count just days before.

“Every day we tell ourselves this is the last list,” Mohammad Habibi wrote on X. “But the next morning, new names arrive again.” Bar associations and medical groups have also spoken out, including Iran’s state-sanctioned doctors’ council, which called on authorities to stop harassing medical staff.

Anger over the bloodshed now adds to the bitterness over the economy, which has been hollowed out by decades of sanctions, corruption and mismanagement. The value of the currency has plunged, and inflation has climbed to record levels.

The Iranian government has announced gestures such as launching a new coupon program for essential goods. Labour and trade groups, including a national retirees’ syndicate, have issued statements condemning the economic and political crisis.

Meanwhile, US President Donald Trump has moved an aircraft carrier and other military assets to the Persian Gulf and suggested the US could attack Iran over the killing of peaceful demonstrators or if Tehran launches mass executions over the protests. A second American aircraft carrier is on its way to the Mideast.

Iran’s theocracy has faced down protests and US threats in the past, and the crackdown showed the iron grip it holds over the country. This week, authorities organised pro-government rallies with hundreds of thousands of people to mark the anniversary of the 1979 Islamic Revolution.

Still, Barzin said, he sees the ferocity of the crackdown as a sign that Iran’s leadership “for the first time is afraid of being overthrown.”

Published on February 14, 2026



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Gore Verbinski’s new film mixes comedy and sci-fi to warn about AI apocalypse

Gore Verbinski’s new film mixes comedy and sci-fi to warn about AI apocalypse


Director Gore Verbinski and cast members Sam Rockwell, Haley Lu Richardson, Michael Pena and Zazie Beetz, screenwriter Asim Chaudhry pose during a photocall to promote the movie ‘Good Luck, Have Fun, Don’t Die’ at the 76th Berlinale International Film Festival in Berlin, Germany February 13, 2026.
| Photo Credit:
REUTERS/Axel Schmidt

Gore Verbinski hopes his film “Good
Luck, Have Fun, Don’t Die” will be therapeutic, ​while also
cautioning against the deteriorating effect of technology and
artificial ‌intelligence on society, the Oscar-winning director
said ​at the Berlin Film Festival on ⁠Friday.

The film, screened as part of the festival’s non-competition
Special section, stars Sam Rockwell as a raggedy, unnamed ‌time
traveller from the future who bursts into a diner one night with
a costume ‌of tubes and wires and one goal: ‌choosing ⁠who among
the confused patrons will join ⁠him on a mission to stop a future
AI apocalypse.

The result is an action-packed sci-fi comedy-drama, which
aims to entertain ​while also making people ‌reflect on the risks
of an over-digitalized society.

“Comedy is really, in many ways, the harshest critic,”
Verbinski said. “And I think if you are getting ‌the laugh,
there’s a little medicine in ​the cake, right?”

While some people are picking up on the social commentary in
the ⁠film in a dramatic way, others “are just eating cake,” he
added.

Verbinski, famous for directing films including ‌Pirates of
the Caribbean: Curse of the Black Pearl and 2002’s horror The
Ring, said he also sees humour as a way of illustrating how
society has “normalized some of this insanity.”

The film alternates action and comedy with some of the
characters’ ‌more dramatic back-stories, which dab at other
current themes in ​a manner reminiscent of dystopian sci-fi
series “Black Mirror”.

“As far as the political aspects to ⁠the film, obviously one
school shooting is too many,” ⁠57-year-old Rockwell said, nodding
to the story of Juno Temple’s character Susan.

However, “the first priority ‌of the film is to entertain,”
said Academy Award winner Rockwell. “And then if you come ​away
with a message, that’s great.”

Published on February 14, 2026



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PFRDA plans pension schemes with health cover under Swasthya initiative

PFRDA plans pension schemes with health cover under Swasthya initiative


Pension Fund Regulatory And Development Authority Chairman S Ramann
| Photo Credit:
EOS5D4

Pension Fund Regulatory And Development Authority (PFRDA) Chairman S Ramann on Friday said three pensions funds are working on introducing plans bundled with health covers for the benefit of investors.

The health covers may come either through tie-ups with health insurance companies or also with healthcare providers, Ramann told reporters here.

Explaining the new pensions scheme Swasthya idea, under which the offerings are being planned, Ramann said, “Our aim is to try and get people to understand that they have to protect themselves. We want them to save money in a medical pension scheme. And it is dedicated for payment to medical purposes only.” It can be noted that the PFRDA had launched the Swasthya platform in January this year with this intent. As per the scheme, up to 30 per cent of an investor’s money can be set aside for covering medical expenses during the period of a pension plan.

Ramann said aggregation of investors is among the biggest of the advantages that NPS offers, which allows pensions funds to negotiate better deals while making some health covers available for investors.

This may also include cheaper top-ups from health insurance companies, which will be over and above the 30 per cent amount that is set aside, he said, adding that hospitals will also be able to give better deals for treatments because of the high volumes.

Healthcare facilities will also get their money immediately after treating a patient, which is unlike a central government health scheme which take months to release payments.

Ramann named pension funds sponsored by ICICI, Axis, and Tatas as ones conducting “experiments” on launching such a coverage right now, and added that he expects ICICI to come up with a final product for customers soon.

The PFRDA chief also said efforts are underway to study how double-digit returns can be sustained over longer periods of time, and added that investments in asset classes like project finance and real estate will also be undertaken.

He expects the maiden pension fund investment into an alternative investment fund to happen before the end of March, and added that this is part of the mandate to invest up to 5 per cent in alternative avenues.

Investments in gold and silver exchange-traded funds will be part of that and not exceed over 1 per cent levels, he said.

At least four banks, or consortium of banks, have evinced interest to get into pension fund business after the PFRDA allowed such a move, he said, adding that this includes Axis Bank and a consortium of Union Bank of India, Indian Bank, and Star Daichi.

Admitting that the NPS coverage is dismally low at just 1 crore people, Ramann said the PFRDA is in talks with the National Payments Corporation of India for help in investor acquisition.

The NPCI-run unified payments interface is used by over 800 million people who have done KYC with a bank, and having acquisition possibilities through the third party application providers, he said, stressing that this can help ensure digital onboarding.

Published on February 14, 2026



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From software to real estate, US sectors gripped by AI scare trade

From software to real estate, US sectors gripped by AI scare trade


Wall Street is grappling with mounting fears that rapid advances in artificial intelligence could disrupt multiple industries, triggering a sweeping stock selloff. The downturn began in software stocks but quickly spread to financial brokerages, data analytics firms, insurers, real estate services and logistics companies.
| Photo Credit:
Brendan McDermid/Reuters

Wall Street is in the grip of
disruption worries from AI. It first started with ​investors
dumping shares of software companies but soon spread to sectors
seen as vulnerable to automation, driving sharp losses in U.S.
stocks this week.

The AI scare ‌trade did not spare even sectors such as
private credit, real estate brokers, data analytics, legal
services and ​insurers.

Global tech stocks took the hit after Anthropic unveiled a
legal AI plug-in. But soon the investor unease ⁠deepened
following a flurry of AI model upgrades and fresh releases.

“With fear driving market sentiment, investors remain in
‘sell first think later’ mode, asking ‘who is next’ and showing
no mercy for anything remotely seen as an AI loser,” Barclays
equity strategist Emmanual Cau said.

Here’s a look at how various sectors were ‌impacted by the
selloff:

SOFTWARE AND SOFTWARE-EXPOSED LOANS

The S&P 500 Software & Services index has lost
about $2 trillion in value since its peak in October. Half of
the losses came in the past two weeks, on concerns that
fast-advancing AI tools ‌could upend traditional subscription and
enterprise tools.

So far this year, the worst-performing Nasdaq 100 stocks
include Atlassian down 47%, Intuit down ‌40%
and ⁠Workday, which has lost a third of its value.

Salesforce tumbled about 30% in 2026, while Adobe
is down 25% ⁠and CrowdStrike 12%.

“There’s this idea that AI is somehow going to replace
built-out models in the near term – models that have been in
place for many years and from which companies have profited
strongly,” said Robert Pavlik, senior portfolio manager at
Dakota Wealth in Fairfield, Connecticut.

The U.S. software sector’s worst drawdown in more than three
years ​also knocked down shares of alternative asset managers ‌on
concerns over their exposure to loans and leverage tied to the
companies.

Ares, Blackstone, Blue Owl, Apollo
, TPG and KKR slumped between 13% and 24%
this year.

About a fifth of the private credit space is exposed to the
software sector, according to estimates from BNP Paribas.

FINANCIAL BROKERAGE, DATA ANALYTICS & LEGAL SERVICES

The financial industry, particularly brokerages and data
analytics firms, were hammered after wealth management ‌firm
Altruist introduced AI-enabled tax planning features, stoking
fears of the fast-advancing technology upending their business
models.

Shares of brokers LPL Financial, Raymond ​James
Financial and Charles Schwab fell more than 7%
on Tuesday.
Index provider S&P Global, which issued a downbeat
earnings forecast for 2026, has slumped more than 25% in
February and was set for its worst month since ⁠2009. Moody’s
, Factset Research and MSCI also fell
sharply this month.

Nasdaq-listed shares of Thomson Reuters touched a
near five-year low last week on concerns about AI hurting its
legal services business.

REAL ESTATE SERVICES

Commercial real estate and investment managers took a blow
on Wednesday, which KBW analysts said ‌was due to investors
rotating out of high-fee, labor-intensive business models viewed
as potentially vulnerable to AI-driven disruption.

CBRE Group and Jones Lang LaSalle sank
about 12% each on Wednesday, and Cushman & Wakefield
slumped nearly 14%. CoStar Group, owner of
Apartments.com and Homes.com, fell 5.9%.

“We view market concerns as overstated due to a combination
of fragmented CRE end markets and the noncore nature of real
estate activities for many clients,” Morningstar analyst Sean
Sunlop said, noting that their valuations were “not cheap”
despite the selloff.

INSURANCE

Insurance stocks took a sharp hit. Brokers and underwriters
across both sides of the Atlantic plunged after online platform
Insurify released on Monday an AI-powered comparison tool on
ChatGPT, which allows users to compare car insurance ‌rates.

The S&P 500 insurance index slumped 3.9% on Monday,
its biggest single-day drop since mid-October.

Shares of insurance broker Willis Towers Watson have
shed 15% so far ​this week and were set for its worst week since
the pandemic-selloff in March 2020. Aon fell 9% and
Arthur J. Gallagher dropped 15% this week.

“Ultimately, we believe brokers will bifurcate. Simpler
insurance products like term life, ⁠personal auto, and home,
could see significant AI disruption over the next five years,”
Morgan Stanley equity strategist Bob Jian Huang said.

“Higher-valued brokers will ⁠use AI to enhance analysis and
improve underwriting, not be displaced by it, in our view.”

TRUCKING & LOGISTICS

Traders probably did not see trucking and logistics firms as
an AI target, but the sector plunged sharply on Thursday.

AI-focused logistics firm Algorhythm ‌Holdings,
which previously sold karaoke machines, said its SemiCab unit
boosted customers’ freight volumes by 300% to 400% “without a
corresponding increase in operational headcount”.

The news triggered a rout in stocks such as Landstar System
and C.H. Robinson. The Dow Jones
Transportation Average fell 4.4%.

Jefferies analysts, ​however, said the reaction was
disconnected from fundamentals. “Proprietary freight data and
physical networks remain durable moats,” they said.

Published on February 13, 2026



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US sues Harvard over alleged race criteria in student admissions

US sues Harvard over alleged race criteria in student admissions


The lawsuit, filed in Boston federal court, seeks documents to assess compliance with a 2023 U.S. Supreme Court ruling that struck down race-conscious college admissions programs
| Photo Credit:
BRIAN SNYDER

The Trump administration sued Harvard
University on ​Friday, accusing it of failing to comply with a
federal ‌investigation and seeking documents to determine whether
the university ​had illegally considered race in its ⁠admissions
process.

The move comes less than two weeks after U.S. President
Donald Trump said his administration was seeking $1 billion from
Harvard to ‌settle probes into school policies, after a news
report that said Trump had dropped his ‌demand for a payment from
the Ivy League school.

Harvard ‌representatives ⁠did not immediately respond to a
request for ⁠comment.

Trump’s administration has been threatening to withhold
federal funds from Harvard and several other universities over
issues including pro-Palestinian protests against Israel’s ​war
in Gaza, campus diversity ‌and transgender policies.

The Justice Department said on Friday in a press release
that Harvard had “repeatedly slow-walked the pace of production
and refused to produce pertinent data and ‌documents,” including
admissions policies and correspondence related to ​banned
diversity, equity and inclusion programs.

In the complaint filed in Boston federal court, Justice
Department lawyers ⁠said the documents requested will help assess
whether Harvard is complying with a 2023 decision by the U.S.
Supreme ‌Court which said that race-conscious college admissions
programs are unconstitutional.

The Justice Department said it brought the lawsuit “solely
to compel Harvard to produce documents relating to any
consideration of race in admission” and “does not accuse Harvard
of any discriminatory conduct, nor does it seek monetary damages
or ‌the revocation of federal funding.”

The administration last year attempted to ​cancel hundreds of
grants awarded to Harvard researchers on the grounds the school
failed to do ⁠enough to address harassment of Jewish students on
its campus, prompting ⁠Harvard to sue.

Trump’s attempts to freeze federal funds for Harvard have
faced legal resistance and ‌the two sides have failed to reach a
deal thus far.

Published on February 13, 2026



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Run-up to FY26-end: Credit and deposit growth see robust pick-up

Run-up to FY26-end: Credit and deposit growth see robust pick-up


Year-on-year, credit growth at 14.40 per cent as of January-end 2026 is higher than deposit growth of 12.42 per cent, per RBI data.
| Photo Credit:
AJAY VERMA

A robust pick-up in credit and deposits in the last fortnight of January indicates that the Indian economy is gathering steam, shrugging off headwinds arising from higher US tariffs, global trade fragmentation and geopolitical tension.

Credits and deposits of all scheduled banks jumped ₹3,40,934 crore and ₹3,80,346 crore, respectively, in the fortnight ended January 31, 2026, reversing the decline on both fronts in the preceding fortnight, per the latest RBI data.

Credit as well as deposits of all scheduled banks declined ₹3,55,765 crore and ₹1,88,383 crore, respectively, in the preceding fortnight ended January 15, 2026.

The healthy credit offtake comes amid a strong build-up in the corporate loan sanctions pipeline by public sector banks and hardening rates in the corporate bond market. Banks that have disclosed their pipeline include State Bank of India (₹7.86 lakh crore), Punjab National Bank (₹1.02 lakh crore), and Bank of Baroda (₹75,000 crore).

Ashwini Kumar Tewari, Managing Director, State Bank of India (SBI), in a recent analyst call, observed that SBI is seeing a pick up in corporate loans, especially in the power, including renewables, metals and infrastructure sectors.

Further, the RBI’s move to allow commercial banks to extend finance to Real Estate Investment Trusts (REITs), which is a large market and growing fast, as well as finance acquisitions by Indian companies, will help SBI increase its corporate loan book, with better margins, he said.

Deposit inflows

In view of the downturn in equity markets late last month, Banks may have seen deposit inflows, especially bulk deposits, say experts.

Ashok Chandra, MD & CEO, Punjab National Bank, in an analyst concall, noted his Bank has 18 crore plus customers, and they have a lot of faith in the banking system.

“We are mindful of the deposits, the scenarios, the dynamic situation…So, we thought, let us continue the (current) deposit rates. That is the reason, in the third quarter…We have kept them intact,” he said.

Madan Sabnavis, Chief Economist, Bank of Baroda, attributed the deposit growth in the banking system to high-cost bulk deposits and Certificate of Deposits, which are being picked up to bridge the gap between credit and deposit growth.

Year-on-year, credit growth at 14.40 per cent as of January-end is higher than deposit growth of 12.42 per cent, per RBI data.

Referring to the credit pick up in the reporting fortnight, Sabnavis said: “It must be a case of the large corporates drawing down sanctions….retail loans and all that cannot swing the credit growth number so much.

“If you consider these kinds of large numbers, it’s definitely a case of saying there is buoyancy in the economy, which is getting reflected from higher demand in credit.”

Published on February 13, 2026



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