International

Brazil bank robbers strap hostages to cars during deadly raid

AFP

Heavily armed gangsters strapped hostages to their getaway cars after robbing two banks in Brazil, in a rampage that left three people dead, police and reports said Monday.

Using explosives, drones and heavy weapons, the assailants took over downtown streets in the southeastern city of Aracatuba, home to some 200,000 people.

After robbing two banks, they made their escape by strapping hostages to the roofs and hoods of moving cars, according to shocking images broadcast by local news channels.

Two civilians and one of the bank robbers were killed during the assault, which left at least six injured, according to police.

The assailants placed explosives in different parts of the city and surrounded some police stations to delay the arrival of reinforcements.

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They wore “bulletproof vests, rifles and helmets,” and looked like soldiers, a witness who asked not to be identified told Globo TV.

“The scenes of terror experienced by the population of Aracatuba will not go unpunished,” vowed Sao Paulo governor Joao Doria, who ordered a task force of 380 police officers to hunt the gang down.

“Two criminals were captured and a third died when confronting the police,” he said.

Brazil has seen other such robberies in recent years, marked by a high degree of planning and heavy weapons, and carried out in medium-sized cities to ensure an escape route and a significant cash haul from the banks.

In December of last year, two similar mega-assaults were carried out barely a day apart in cities in the states of Para, in the north, and Santa Catarina in the south.

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A few months before, the Sao Paulo towns of Botucatu and Ourinhos suffered similar brazen attacks.

According to the Sao Paulo Security Department, both cases were resolved and “a good part of these gangs are in jail.”

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.