International

Mexican President condemns sanctions against Venezuela and Cuba

Photo: La Jornada

October 14 |

The president of Mexico, Andrés Manuel López Obrador, reaffirmed this Friday his rejection of the unilateral coercive measures of the United States against Venezuela and the economic, commercial and financial blockade imposed by Washington for more than 60 years against Cuba.

“If a country is sanctioned, its people are affected, in addition to the fact that it is an act of interference. Who is harmed by a sanction against a country? Who is harmed by a blockade against a country? The people”, said the President in his usual morning conference with respect to Venezuela.

In this sense, the Mexican head of state pointed out that certain sectors seek to maintain coercive measures to take economic and political advantage, while stressing that this is the case of the White House blockade against Cuba.

“Who have promoted it? Well, those who have taken economic and political advantage in the United States, even legislators who promote the blockade. And who is being harmed? The people, because that is inhumane, besides, nobody has the right to harm another people,” he said.

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Likewise, López Obrador referred to the dialogue process between the Venezuelan government and the opposition in pursuit of an agreement, which, if successful, he highlighted, would leave no pretext for “the unjust sanctions”.

“We have information that members of the Government are meeting with members of the opposition. It is good that a negotiated, political solution is being sought, through democratic means in the case of Venezuela, and we also wish it for all countries”, he stressed.

In turn, the head of the Mexican Executive expressed his hope that everyone will be able to participate in the upcoming presidential elections to be held next year in the Bolivarian nation.

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.

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“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.

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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.