International

The pope lands in Singapore: from extreme poverty to one of the richest countries in the world

Pope Francis landed this Wednesday in the city-state of Singapore, one of the richest countries in the world, which will be a huge contrast to the realities of extreme poverty that he found in his previous stages of Papua New Guinea, and will mark the themes of his speeches in this last stage of his tour of Asia and Oceania.

After the meeting with the young people in Dili, the pope moved to Singapore on a flight of the Timorese company AirDili, which landed at 14:55 hours (6.55 GMT), and was received by the Minister of Culture, Edwin Tong.

Regarding the great presence of people in the streets of Dili waiting for the pope, the inhabitants of the frenetic business city, known as the “Pearl of Asia”, did not seem to notice the arrival of the pontiff.

Francis, the third pope who visits Singapore after Paul VI and John Paul II, will spend the rest of the day resting and will only have a private meeting with the members of the Society of Jesus.

On Thursday, the day will begin with the welcome ceremony, the meeting with the President of the Republic, the Prime Minister and the authorities and will end with a mass at the ‘Singapore SportsHub’ in which about 55,000 people are expected, the capacity of the stadium.

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While on Friday this stage will conclude, of just over 24 hours, with a visit to a group of elderly and sick people in the ‘Santa Teresa’ House and then an interreligious meeting with young people at the ‘Catholic Junior College’ and then return to Rome.

Singapore has maintained diplomatic relations with the Holy See since 1981 and occupies the top positions in a large number of international indicators, both in terms of quality of life, personal security or education and is the fourth richest country in the world in relation to the purchasing power of its inhabitants, after Qatar, Luxembourg and Macau.

The Catholic population of Singapore, which currently has around 395,000 faithful, represents about 3% of its inhabitants and the majority, 70%, are of Chinese origin. The city State is closely linked to the figure of the Spanish saint St. Francis Javier, who arrived among the first evangelizers to these lands, where Francis will highlight tolerance and multiculturalism.

As the nunciature is very small, Francisco will reside in the ‘San Francisco Javier Retreat Center’, a house in the diocese intended for training activities.

Not only the wealth of the country, but also the fact that it is one of the largest technological and financial centers in the world will inspire Francis’ speeches on the use of technologies at the service of man. The pope could also refer to the application of the death penalty in the country, which the Catholic Church strongly condemns.

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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.