International

Peru declares ‘environmental emergency’ on coastal area hit by oil spill

AFP

Peru on Saturday declared an “environmental emergency” along a stretch of coast hit by an oil spill caused by freak waves from a volcanic eruption in the South Pacific.

With the 90-day decree, the government said it plans “sustainable management” of 21 beaches tarred by 6,000 barrels of oil that spilled from a tanker ship unloading at a refinery last Saturday.

That accident followed the stunningly powerful eruption of an undersea volcano near the nation of Tonga, unleashing tsunami waves around the Pacific and as far away as the United States.

In Peru the oil spill near Lima has fouled beaches, killed birds and harmed the fishing and tourism industries.

20260224_estafa_mh_728x90

The government is demanding payment of damages from the Spanish energy giant which owns the refinery.

The environment ministry said 174 hectares — equivalent to 270 football fields — of sea, beaches and natural reserves were affected by the spill.

Crews are working to clean up the spill.

In declaring the emergency Saturday, the environment ministry said: “the spill amounts to a sudden event of significant impact on the coastal marine ecosystem, which has major biological diversity.”

It said that over the short term Repsol is responsible for emergency clean up operations.

20260224_estafa_mh_728x90

Its refinery is in the town of Ventanilla near Lima.

Repsol has said the spill occurred because of freak waves caused by the eruption in the Pacific.

The company is arguing that it is not responsible for the spill, however, because it says the government gave no warning that there might be rough waters from that undersea blast half way across the world.

Last week fishermen and other local people who live off the sea and tourism staged protests over the sudden loss of their livelihood.

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.