International
Murder of presidential candidate Fernando Villavicencio shocks Ecuador
August 10|
Ecuador’s presidential candidate Fernando Villavicencio, a champion of the anti-corruption fight and known for his statements against criminal gangs and drug trafficking, was killed on Wednesday in Quito in a shooting attack outside a political rally, just over a week before the general elections and amid a wave of violence affecting various parts of the South American country.
Villavicencio died in a clinic 100 meters from the site of the attack, while police carried out a controlled explosion of a grenade that had been thrown in front of the rally site.
After the death was confirmed, presidential candidate Otto Sonnenholzner, of the Actuemos coalition, called on the other candidates to stop campaigning and come together to form a single force in the fight against crime.
President Guillermo Lasso, who called the murder a “political crime” and said it was intended to “sabotage the electoral process”, confirmed that the election date would be kept, albeit with additional security measures including a military deployment.
He also decreed three days of national mourning for the death of Villavicencio.
The Attorney General’s Office informed near midnight on the social network X, formerly Twitter, that six people have been arrested in connection with Villavicencio’s murder. Earlier it had specified that a suspect in the attack was wounded during the exchange of bullets with security personnel, was apprehended and taken badly wounded to the Flagrancy Unit in Quito, where he died of his wounds.
The criminal organization that calls itself “Los Lobos” published a statement on the social network X — formerly known as Twitter — claiming responsibility for the murder of Fernando Villavicencio and threatening that “it will happen again when the corrupt don’t keep their word.
Villavicencio was one of eight registered candidates for the August 20 presidential election. The 59-year-old politician was not among the favorites, with a meager 10% of the preferences, although he was a recognized figure for having denounced in the past several cases of alleged government corruption.
He was married to Verónica Sarauz and leaves five children.
In recent days, the presidential hopeful had publicly denounced that the leader of a local criminal group linked to Mexico’s Sinaloa cartel had threatened him, although so far no Ecuadorian authorities have pointed to any specific criminal organization. Villavicencio had also alleged links between politicians and drug traffickers.
In the last video in which he is seen alive, he is seen leaving the school grounds where the political rally was held surrounded by police, who help him into a vehicle. Before closing the door, a series of gunshots and desperate shouts from supporters can be heard.
Following the attack, Ecuadorian authorities did not disclose the possible motive behind the attack. Patricio Zuquilanda, an advisor to the candidate’s campaign, told The Associated Press that Villavicencio had received two death threats, although he did not give further details.
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.
“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.
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.
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