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
Five Bodies Found in Ecuador as Police Probe Suspected Gang Turf War
Ecuadorian authorities are investigating the deaths of five people whose bodies were found inside a rural home, in what police believe may be linked to a territorial dispute between organized criminal groups.
The victims, aged between 21 and 30, were discovered Tuesday in the town of La Troncal, in the Andean province of Cañar. Police reported that two of the bodies were bound with wire, while a burned-out vehicle was found outside the residence.
Investigators said graffiti on the walls of the house included messages such as “Lobos territory” and “Lobos active,” suggesting a possible connection to the criminal organization known as Los Lobos.
Police believe the killings were likely the result of a conflict over territorial control between rival gangs.
The discovery came on the same day authorities arrested a former mayor in the neighboring province of Azuay. Officials identified him as the alleged main financial backer of Los Lobos, one of Ecuador’s most powerful criminal organizations.
Ecuador has experienced an unprecedented surge in violence in recent years, driven by criminal groups involved in drug trafficking, illegal mining, kidnapping, and extortion.
According to Insight Crime, the country recorded 51 homicides per 100,000 inhabitants in 2025—equivalent to roughly one killing every hour—making it one of the most violent countries in Latin America.
International
Georgia Teen Sentenced to Life Without Parole for Deadly School Shooting
A Georgia teenager who killed four people in a 2024 school shooting was sentenced Tuesday to life in prison without the possibility of parole after pleading guilty to the attack.
Colt Gray, now 16, admitted to opening fire at Apalachee High School in Winder, about 70 kilometers (45 miles) northeast of Atlanta. He was 14 years old at the time of the shooting.
The attack claimed the lives of two students and two teachers, while nine other people were injured. Despite being a minor when the shooting occurred, Gray was prosecuted as an adult.
During the sentencing hearing, Judge Nicholas Trimm acknowledged the failures of the teenager’s family but said they did not excuse his actions.
“Your parents failed you. Your family failed you. But that does not absolve you,” the judge said.
Trimm also rejected any suggestion that the shooting was motivated by bullying or personal grievances.
“You were not bullied at Apalachee. This was not driven by hate. You didn’t know anyone at that school. It was simply the desire to commit a notorious act,” he told Gray.
The case also led to the prosecution of the shooter’s father, Colin Gray, who was convicted in March of voluntary manslaughter and involuntary manslaughter. The case marked one of the first instances in which a parent was held criminally responsible for a mass shooting carried out by their child.
Prosecutors said Colin Gray had given his son an AR-15-style rifle as a Christmas gift in 2023, despite being aware that the teenager had previously threatened to carry out a school shooting.
Authorities said the same rifle was used in the attack less than a year later. Months before the shooting, FBI investigators had alerted local law enforcement after receiving reports of online messages linked to the Gray family’s internet address that referenced plans for a school massacre.
The case reflects growing legal scrutiny in the United States over the responsibility of parents whose children commit acts of gun violence.
In a similar case, the parents of a Michigan teenager who killed four people at his high school in 2021 were convicted of involuntary manslaughter in 2024 and sentenced to prison terms ranging from 10 to 15 years.
According to U.S. health authorities, firearms have been the leading cause of death among children and teenagers in the United States for several years.
International
Portuguese Authorities Seize 2.6 Tons of Cocaine Worth More Than $550 Million in Drug Bust
Italian financial police reported Monday that Portuguese authorities intercepted a speedboat carrying more than 2.6 tons of cocaine, with an estimated street value exceeding $550 million.
Four people — two Spanish nationals, one Albanian citizen, and a man from Gibraltar — were arrested in connection with the operation, according to Italian authorities.
The vessel was intercepted off the coast of Lisbon by Portugal’s maritime police following an investigation led by Italian authorities.
Italian financial police estimated that the seized shipment had a street value of approximately 500 million euros ($570 million), making it one of the largest drug seizures reported in the region in recent years.
Portuguese authorities said the interception took place on Thursday, about 90 kilometers (50 nautical miles) southwest of Cape Espichel, during an operation targeting international drug trafficking routes.
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