International

Biden reaffirms support for Venezuela opposition leader

AFP/Editor

President Joe Biden reaffirmed US support for Venezuelan opposition leader Juan Guaido in a letter Monday even in the midst of efforts to resume negotiations with President Nicolas Maduro’s government.

“Under your leadership and in coalition with civil society leaders you are preserving those ideals of freedom democracy and sovereignty,” Biden wrote in a letter addressed to Guaido and sent through the Office of Venezuelan Affairs in neighboring Colombia, an official in that office told AFP.

The letter was sent on the occasion of the anniversary of Venezuela’s independence, on July 5, 1811.

Biden said that Guaido is guiding his country “through a peaceful democratic transition of power.”

20260224_estafa_mh_728x90

Guaido is recognized by some 50 countries as Venezuela’s interim leader as head of the National Assembly after Maduro declared victory in 2018 elections widely decried as fraudulent.

The administration of former US president Donald Trump imposed severe financial sanctions on Venezuela and its national oil company PDVSA in an unsuccessful effort to oust the leftist as Venezuela has plunged deeper into political, economic and humanitarian crisis.

The United States and the European Union said in June, however, that they would be willing to renegotiate certain sanctions if the Venezuelans made strides toward “credible elections.”

Guaido on Monday led rallies calling for new elections, after the main opposition parties boycotted the 2018 presidential election and the 2020 legislative elections.

Maduro is totally opposed to the idea as gubernatorial and mayoral elections are coming up in November.

20260224_estafa_mh_728x90

Maduro on Friday accused the United States of plotting to assassinate him, rhetorically asking if Biden had approved a plan.

“Has Joe Biden signed off on Donald Trump’s orders to bring a civil war to Venezuela and to kill us? Yes or no? I’m asking,” he said, referring to a visit by CIA director William Burns and SouthCom chief Craig Faller to Colombia and Brazil.

Washington and Caracas broke off diplomatic relations in 2019 after the White House’s recognition of Guaido’s mandate.

The US embassy in Caracas is closed, with matters relating to the countries’ relationship now handled at an office in Bogota.

20260224_estafa_mh_728x90

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.

20260224_estafa_mh_728x90

“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.

20260224_estafa_mh_728x90

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.