International

Peru demands Spain’s Repsol pay for oil spill damage

AFP

Peru demanded compensation Wednesday from Spanish energy giant Repsol over an oil spill caused by freak waves from a volcanic eruption near Tonga in the South Pacific.

Authorities sealed off three beaches on Monday after 6,000 barrels of oil were spilled during the offloading of a tanker at the Pampilla refinery off the coast near Lima.

The Repsol oil spill “is the worst ecological disaster in Lima in recent times, and has caused serious damage to hundreds of fishing families. Repsol must immediately compensate for this damage,” the attorney general’s office said on Twitter.

“This terrible situation has put at risk flora and fauna in two protected areas.”

20260224_estafa_mh_728x90

Peruvian authorities found dead marine animals covered in oil.

The spill happened on Saturday at the refinery off the town of Ventanilla in the Lima region, affecting a three-kilometer stretch of beaches.

Refinery officials originally described the spill as “limited” and said it was working with authorities to clean up the beaches.

“Containment barriers that cover all of the affected zones and brigades with specialist sea and land teams have been deployed,” said the refinery, which blamed the spill on the freak waves caused by the volcanic eruption more than 10,000 kilometers away.

The refinery could face a fine of up to $34.5 million, the environment ministry said on Monday as prosecutors opened an investigation into the company for environmental contamination.

20260224_estafa_mh_728x90

On Tuesday, the energy and mining regulation body Osinergmin ordered the suspension of operations at the refinery pending an investigation into the causes of the spill.

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.