International

Venezuelan government says it will defeat US “neocolonial claims” in elections

The Government of Venezuela said on Wednesday that it will defeat the “neocolonial claims” of the United States on Sunday, when the South American country will hold presidential elections, in response to a statement by Washington in which they considered that massive participation in these elections will favor the triumph of the opposition.

“The defeat that (US) has painted on his forehead, by the beating that his lackeys will take on July 28, is as great as the precariousness of his government management,” said in X the Venezuelan Foreign Minister, Yván Gil, before the statements of the head of the Department of State for Latin America, Brian Nichols.

The Venezuelan minister asked the American official to take care of his own affairs, relax and contemplate “how a free, revolutionary and democratic people turns their neocolonial pretensions to cosmic dust through the popular vote.”

“All fascist plans to ignore the popular victory will fail again,” Gil added, just 20 days after the Governments of Venezuela and the United States resumed a process of dialogue that had been paralyzed for several months.

During an audience in the U.S. Congress, Nichols assured that participation will be a key factor for the majority opposition – with Edmundo González Urrutia as a candidate – to win the presidential elections, which according to Washington represent “an opportunity” for the country to return to “democracy.”

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Although Nichols acknowledged that there is “important evidence” that the government of Nicolás Maduro has interfered in the elections with arrests of opponents and disqualification of candidates, such as opposition leader María Corina Machado, the diplomat considered that the elections are “an opportunity for a better future” in the country.

Nichols also explained that the United States is in contact with its partners in the region to address the situation in Venezuela, among which he cited Brazil, whose president, Luiz Inácio Lula da Silva, Maduro’s historic ally, has criticized the recent statements of the Venezuelan president in which he predicted a “bloodbath” if he loses the elections.

Chavismo, which has governed since 1999, aspires to keep in power the current president of Venezuela, Nicolás Maduro, who has held the presidential seat since 2013.

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.