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.

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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.

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“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.

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Central America

U.S. extradites Iranian man over alleged sanctions evasion scheme

The United States has extradited from Panama an Iranian national accused of evading economic sanctions against Iran by illegally exporting U.S. technology. He is scheduled to appear this Monday before a court in Seattle.

Reza Dindar, 44, was extradited on April 17 after being detained in Panama since July 2025 on charges related to export control violations between 2011 and 2012, allegedly carried out through companies based in China.

The defendant appeared before a U.S. district court in Seattle, where he faces charges of violating sanctions imposed by the United States on Iran in 1995 during the administration of Bill Clinton. These sanctions prohibit the unauthorized export, re-export, or supply—directly or indirectly—of U.S. goods, technology, or services to Iran or its government.

According to the indictment, between 2010 and 2014, Dindar led the company New Port Sourcing Solutions in Xi’an, China, which allegedly concealed the procurement of U.S. products for shipment to clients in Iran.

International

Elon Musk skips French court appearance over X investigation

Billionaire Elon Musk did not appear this Monday before French authorities, who had summoned him for a voluntary statement as part of an investigation into his social media platform X, prosecutors told AFP.

The platform has been under investigation since early 2025 following complaints from lawmakers alleging bias in its algorithms, which may have altered its functioning and interfered in politics in France.

The probe has since expanded to include other alleged offenses, such as complicity in the distribution of child sexual abuse material, as well as the role of Grok in spreading denialist content and sexually explicit fake images.

In early February, investigators raided X’s offices in Paris. The company has denied any wrongdoing, describing the searches as “political” and “abusive.”

At that time, the Paris prosecutor’s office summoned Musk and former CEO Linda Yaccarino to provide voluntary testimony as those responsible for the platform during the period under investigation.

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Paris prosecutor Laure Beccuau also stated that X employees were called to testify as witnesses between April 20 and April 24.

International

Four injured in shooting at Teotihuacán archaeological site in Mexico

Four more people were injured by gunfire during the ആക്രമ attack at Teotihuacán, one of the most emblematic archaeological complexes in Mexico, authorities confirmed.

The Secretary of Security of the State of Mexico, Cristóbal Castañeda, reported that the victims include two Colombian nationals, one Russian, and one Canadian. Additionally, two other individuals were injured due to falls, according to a statement from local authorities.

President Claudia Sheinbaum expressed concern over the incident, stating on social media that “what happened today in Teotihuacán deeply pains us.”

Federal authorities recovered a firearm, a knife, and ammunition at the scene, which remains under the protection of state police and the Guardia Nacional, according to the federal Security Cabinet.

Located about 50 kilometers from Mexico City, Teotihuacán is a major tourist destination frequently visited by both domestic and international travelers.