International
US consumer confidence dips in November: survey
| By AFP |
US consumers were gloomier about the state of the American economy in November, likely due to a rise in gas prices and as recession risks loom, according to a survey released Tuesday.
The closely-watched consumer confidence index dipped to 100.2 in November, down two points from the month before, in a second straight month of decline, said think tank The Conference Board.
“Consumers’ expectations regarding the short-term outlook remained gloomy,” said Lynn Franco, senior director of economic indicators at The Conference Board.
The drop in consumer confidence this month, in line with analyst expectations, was “most likely prompted by the recent rise in gas prices,” she said.
Data on consumers’ short-term outlook suggests the likelihood of a recession remains elevated as well.
“Inflation expectations increased to their highest level since July, with both gas and food prices as the main culprits,” Franco said.
Consumer inflation in the United States has been hovering at the highest level in decades, prompting the Federal Reserve to take aggressive steps to raise interest rates and cool the economy.
The central bank walks a tightrope trying to bring down surging costs while avoiding tipping the world’s biggest economy into a downturn.
For now, consumer intentions to buy homes, automobiles and big-ticket appliances have moderated.
“The combination of inflation and interest rate hikes will continue to pose challenges to confidence and economic growth into early 2023,” Franco said.
But with inflation showing signs of easing and central bankers noting it would take time for policy effects to be realized, a growing number of voices including Fed officials have advocated for smaller steps in the coming months.
The consumer sentiment reading “remains depressed compared to pre-pandemic” levels, said economist Rubeela Farooqi of High Frequency Economics.
Overall, measures of sentiment “are sending a negative signal about household spending,” even if consumption continues to support growth for now, she added.
International
Interpol Operation Leads to 8,700 Arrests and Massive Drug Seizures Across Latin America
Interpol and the Organization of American States (OAS) announced the arrest of more than 8,700 people and the seizure of over 3,300 firearms and 56 tons of illegal drugs across 20 countries in Central America, South America, and the Caribbean following a six-week multinational security operation.
According to a statement released by the OAS, the operation — known as Operation Orca XI — was carried out between October 15 and November 30, 2025, under the coordination of Interpol, with support from the OAS and funding from the European Union.
The operation resulted in 8,701 arrests linked to illegal firearm possession, drug trafficking, and other criminal activities. Authorities also confiscated nearly 200,000 rounds of ammunition, $256,025 in cash, and 210 vehicles connected to criminal operations.
Participating countries additionally reported the seizure of 6.9 tons of cocaine, 659,403 coca plants, 9.3 tons of coca paste, 38.5 tons of marijuana, two tons of methamphetamine, and 11 kilograms of ketamine.
In its statement, the OAS emphasized that illegal arms trafficking in the region is closely tied to other forms of organized crime, including drug trafficking, human trafficking, migrant smuggling, and cybercrime.
“Criminal organizations behind these crimes often use the same routes for multiple illicit goods,” the organization stated, adding that Operation Orca XI exposed the strong links between these criminal networks.
International
Mexico Denies Interpol Red Notice Against Sinaloa Governor Rubén Rocha Moya
Mexico’s Secretaría de Seguridad y Protección Ciudadana (SSPC) stated on Wednesday that Sinaloa Governor on leave Rubén Rocha Moya is not subject to a Red Notice issued by Interpol, following reports that claimed an international warrant had been issued against him.
In an official statement, the federal agency said consultations were conducted with both national and international authorities, confirming that no international search or arrest mechanism exists against the Sinaloa politician.
“The Secretariat of Security and Citizen Protection informs that the governor on leave of Sinaloa, Rubén Rocha Moya, does not have a Red Notice issued by Interpol,” the SSPC said.
The clarification comes after speculation circulated regarding an alleged international order targeting Rocha Moya, prompting federal authorities to publicly deny the claims.
International
Rubio and Lavrov Hold Talks After Large-Scale Russian Assault on Ukraine
The United States remains willing to mediate in the war between Russia and Ukraine, Secretary of State Marco Rubiosaid Tuesday following a large-scale Russian attack against Kyiv.
“Every time you see these large attacks by either side, it is a reminder of why this is a terrible war (…) that must come to an end,” Rubio told reporters after holding a phone conversation with Russian Foreign Minister Sergey Lavrov.
Speaking during an official visit to India, Rubio stated that the United States is “ready and prepared to do whatever it can” to help facilitate an end to the conflict.
“We hope the opportunity presents itself at some point,” he added.
Russia warned on Monday that it could launch additional strikes against Kyiv, including attacks targeting what it described as “decision-making centers,” after carrying out weekend bombardments involving dozens of drones and missiles across Ukraine. The attacks reportedly killed four people.
According to the Ministry of Foreign Affairs of Russia, Lavrov urged the United States during the call to evacuate diplomats from its embassy in Kyiv.
Rubio later clarified that Moscow had issued a warning to all embassies in the Ukrainian capital, not only to the U.S. diplomatic mission.
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