International

Nicaragua breaks diplomatic relations with Israel in solidarity with Palestine

The Government of Nicaragua broke off diplomatic relations with Israel, in solidarity with Palestine and “one year after the brutal genocide that the fascist and criminal war government of Israel continues to commit against the Palestinian people.”

“In permanent solidarity with the people and Government of Palestine, with the peoples who suffer martyrdom, destruction and barbarism and in strict adherence to international law and the conventions that govern civilized relations between States and Governments of the world, the Government of the Republic of Nicaragua breaks all diplomatic relations with the fascist Government of Israel,” the Nicaraguan Executive said in a statement.

In the note, the government chaired by Daniel Ortega and his wife Rosario Murillo indicated that they made that decision considering, in addition, the resolution of the National Assembly of Nicaragua (Parliament), approved this Friday unanimously, “in which the continuous genocide, cruelty, extreme hatred and extermination carried out by the Government of Israel are condemned.”

The Nicaraguan Parliament asked Ortega on Friday to break off relations with the Government of Israel, which they declared “enemy of humanity.”

The request was made by the Legislature, controlled by the Sandinistas, through a declaration approved during a special session held in Managua in solidarity with the people of Palestine, “who suffer,” they said, “one of the greatest genocides perpetrated by the Zionist army of Israel,” and attended by the Nicaraguan Chancellor, Valdrack Jaentschke.

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Sandinista condemnation

In the statement, the Sandinista Executive condemned “once again this genocide, occupation and permanent aggression against the life and dignity of the people of Palestine, which now extends against the people of Lebanon, and seriously threatens Syria, Yemen and Iran, endangering the peace and security of the region and the world.”

Likewise, the Nicaraguan Government said: “We ratify once again our warm and consistent consideration to the dear families of the Israeli people, who deserve our affection, support and solidarity, who live in difficult times as a result of the excessive brutality and hatred of the Government of Israel.”

A year ago, the Government of Daniel Ortega declared itself “always in solidarity with the Palestinian cause” and condemned the “aggravation” of the “terrible” Israel-Palestine conflict.

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.