International

Spain will recognize Palestine as a State in a few weeks even if other countries do not follow it

The Spanish Government will decide in the coming weeks the recognition of Palestine as a State regardless of whether or not other countries may or may not join that decision.

This is assured by sources of the Executive after the series of meetings that the President of the Government, Pedro Sánchez, is holding with other European leaders to analyze the situation in the Middle East, explain their position and try to coordinate actions in that direction.

But whether other countries join Spain’s thesis of already recognizing the Palestinian State or if they do not, the Government has already adopted a political decision and will make that recognition, as Sánchez said, before the end of this semester.

What’s more, the cited sources emphasize that the decision, which recalls that it is endorsed by a proposal approved by Congress in 2014 and has a majority endorsement of Spanish society, will be adopted in weeks more than in months.

Sánchez, who participates this Thursday in the final day of the extraordinary meeting of the European Council, has toured several EU countries to promote the recognition of the Palestinian State and has met in Brussels – on the sidelines of the summit of the Twenty-seven – with the prime ministers of Malta, Robert Abela, and Luxembourg, Luc Frieden.

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With Abela there has been harmony for the recognition of Palestine, since they have ratified the commitment signed by Spain, Malta, Slovenia and Ireland on March 22 to make it a reality.

However, it has not been specified whether they will take the step together or the date for it, since they have limited themselves to emphasizing that it will be done at the time that is considered appropriate.

The situation is different in the case of Luxembourg, because there is more internal division in this regard, and in the meeting there has only been an exchange of views.

The Spanish Government insists that its decision is made regardless of what other countries do, although it would like it to be a coordinated issue.

The Executive is aware that in each country there is a different procedure and in some cases it is necessary for the decision to go through Parliament and in others, as in Spain, it is not.

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Moncloa gives great relevance to the debate that will take place this Thursday in the UN Security Council on the presence of Palestine in the United Nations as a full member, a debate in which the United States is expected to veto that possibility and in which the Minister of Foreign Affairs, José Manuel Albares, will intervene in favor.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.