International

María Corina Machado: González Urrutia will be sworn in as president in January 2025

The opposition leader of Venezuela María Corina Machado is convinced that Edmundo González Urrutia will take the oath as the new head of state on January 10, 2025, when the new period of government begins, despite the official proclamation of Nicolás Maduro as the winner of the July 28 elections, a triumph questioned inside and outside the country.

In an interview with EFE, the former liberal deputy reiterated that the standard-bearer of the opposition Democratic Unitary Platform (PUD) won “in an overwhelming way” the elections, the official result of which has been rejected by numerous countries, while the Carter Center, which participated as an observer in the contest, pointed out that the electoral process “cannot be considered as democratic.”

“Edmundo González will be the new head of state and the new commander-in-chief of the Armed Forces and that depends on what we all do, all Venezuelans inside and outside the country (…) I trust the people of Venezuela and that’s why I know that on January 10 we will have a new president,” he said.

While it remains under guard due to threats against it, the anti-Chavista reproaches that the National Electoral Council (CNE) has not yet published the disaggregated results of the elections – contrary to its own schedule -, despite the numerous requests for transparency by the international community.

Taking the electoral minutes that the PUD published on a website as true, Machado assuresthat the “whole world knows” that Maduro, in power since 2013, lost the elections and tries to concretize “the greatest fraud in history” by insisting on his victory, with the help of the institutions and the military leadership.

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Maduro “today has zero legitimacy, no legitimacy and, therefore, it is a time when the international community has to leave a very clear red line linked to respect for popular sovereignty,” he continued.

He also hopes that foreign governments, “firmly and unequivocally, make Maduro understand that what he is doing is unacceptable, using repressive forces against innocent citizens,” alluding to the balance left by the post-election crisis, with more than 2,400 arrested and 24 deaths, – according to several NGOs – some of them in citizen protests.

The former deputy also predicts that, in the coming days, critical voices against Chavismo will continue to grow because, as she said, it is about applying “all the necessary pressure for Maduro to understand that his best option is to accept the terms of a negotiation,” something that the president has already publicly rejected, since he insists on having won the elections.

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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.