International

Spain deems king Felipe VI’s exclusion from Mexico’s inauguration “unacceptable”

The Spanish government has deemed it “unacceptable” that King Felipe VI has not been invited to the inauguration of Mexico’s elected president, Claudia Sheinbaum, scheduled for October 1 in Mexico City. As a result, Spain has decided not to participate in the ceremony at any level, according to a statement from the Ministry of Foreign Affairs.

Sheinbaum, the official candidate from Mexico, secured a decisive victory over opposition candidate Xóchitl Gálvez in the presidential elections held on June 3. Following her win, the outgoing president of Mexico, Andrés Manuel López Obrador, indicated that the new president might resume bilateral relations, which were put on “pause” in 2022 due to a perceived “lack of respect” from the Spanish side.

“Now that changes are taking place, there is an opportunity with President Claudia Sheinbaum, who is a very intelligent, very respectful, and very fraternal woman, and who also understands the history of Mexico and the world,” López Obrador stated during a conference last July.

In 2022, López Obrador once again directed his criticisms towards Spain, a pattern he has followed since taking office in December 2018. He paused relations between the two countries and called for an apology from King Felipe VI regarding the Conquest.

In March 2019, he sent a letter to the monarch demanding that “the Spanish State acknowledges its historical responsibility” for the offenses committed during the conquest and “offers the apologies or political reparations that are appropriate,” a request that has never received a response.

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Traditionally, King Felipe has attended the inaugurations of Ibero-American presidents, first as Prince of Asturias and later as King. However, on various occasions and for different reasons, the representation has fallen to another high-ranking official of the State.

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.