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Brazil April inflation hits 26-year high

AFP

Brazil’s inflation rate hit a 26-year high for the month of April, the government said Wednesday, as spiraling prices continued to defy the central bank’s push to rein them in.

The national statistics institute, IBGE, said inflation in the 12 months through April rose to 12.13 percent, the highest since 2003 and well above the central bank’s target of 3.5 percent.

The rate for April came in at 1.06 percent, the highest for the month since 1996, IBGE said.

That was worse than the forecast of one percent by analysts polled by business daily Valor.

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Food prices were the main inflation driver in April, rising more than two percent.

Fuel prices remained an underlying factor, up more than 33 percent in the past year.

“The strength of price pressures is likely to keep policymakers at the central bank concerned,” William Jackson, chief emerging markets economist at consulting firm Capital Economics, said in a note.

Brazil’s central bank has been on one of the most aggressive monetary tightening cycles in the world, rapidly hiking the key interest rate from two percent in March 2021 to 12.75 percent currently.

But inflation has so far remained stubbornly high, hurting Brazilians’ wallets — and President Jair Bolsonaro’s popularity as he gears up to seek reelection in October, trailing leftist ex-president Luiz Inacio Lula da Silva (2003-2010) in the polls.

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International

Colombia slams Ecuador’s 30% tariff as ‘economic aggression’

Colombia’s Minister of Mines and Energy, Edwin Palma, on Wednesday described as an “economic aggression” the 30% “security fee” imposed by Ecuadorian President Daniel Noboa on imports from Colombia.

“We reject the tariff measure imposed by Ecuador, an economic aggression that breaks the principle of regional integration,” Palma said in a post on X.

President Noboa explained that the decision was taken due to what he described as a “lack of reciprocity and firm actions” by Colombia in the fight against drug trafficking. He added that despite Ecuador having made “real efforts of cooperation,” including maintaining a trade deficit exceeding $1 billion annually, the country’s armed forces continue to face drug-linked criminal groups along the border without any cooperation.

For that reason, Noboa stated that the measure will remain in place “until there is a real commitment” from Colombia to jointly confront drug trafficking and illegal mining along the 586-kilometer shared border, with the same level of determination Ecuador is currently applying.

According to official data, Ecuador seized 214.5 metric tons of drugs in 2025, down from the record 294.6 tons confiscated in 2024.

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Colombian President Gustavo Petro said on January 7 that during his administration, which began on August 7, 2022 and ends this year, drug seizures have increased significantly, adding that total confiscations are expected to exceed 3,500 tons by the time he leaves office.

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International

José Jerí claims destabilization attempt after videos of secretive meetings surface

Peru’s interim president, right-wing leader José Jerí, on Wednesday denounced an alleged plot against him and warned of a deliberate attempt to destabilize the country, following the release of a series of videos showing semi-clandestine meetings with a Chinese businessman, as well as visits to the Government Palace by another businessman of the same nationality who is under house arrest.

“I also want to know who is behind this entire plot. I am an objective and impartial president who does not give in to pressure, but someone has found a way to do so. I want to know who is behind it and what their real objective is,” Jerí said while appearing before Congress’ Oversight and Comptroller Commission.

The interim president, who recently marked 100 days in office after replacing former president Dina Boluarte (2022–2025) in his role as head of Congress, insisted that he has never lied to the country. Without directly accusing any individual or group, he argued that routine activities—such as visiting a restaurant or a shop—are being portrayed with a “malicious” intent.

So far, reports indicate that on December 26, close to midnight, Jerí visited a chifa restaurant—a Peruvian-Chinese eatery—owned by Chinese businessman and state contractor Zhihua “Johnny” Yang, accompanied by Interior Minister Vicente Tiburcio, and wearing a hood. On January 6, he also visited a shop belonging to the same businessman, which had been shut down by municipal authorities just hours earlier.

The revelations have fueled political controversy and renewed scrutiny of the interim administration’s actions amid Peru’s ongoing political instability.

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Mexican influencer “La Nicholette” kidnapped in exclusive area of Culiacán

The content creator known as “La Nicholette,” also referred to as “La Muchacha del Salado,” was kidnapped Tuesday afternoon in Isla Musalá, one of the most exclusive residential areas of Culiacán, capital of the northern Mexican state of Sinaloa, according to local media reports on Wednesday.

The abduction was captured by the security camera of the young woman’s vehicle, a lilac-colored Tesla Cybertruck, which was later found abandoned at the scene.

Video footage circulating on social media shows a masked man carrying a long firearm preventing the influencer from entering her vehicle, while another individual forces her into a white sedan, reportedly an older-model Toyota Corolla.

According to media reports, the incident occurred at approximately 5:00 p.m. local time (2300 GMT) at the intersection of Tachichilte Avenue and San Esteban Street, within the Musalá residential area.

Authorities have not yet released official details regarding the victim’s whereabouts or the motives behind the kidnapping.

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