International

Pope Francis appoints 21 new cardinals

Pope Francis appointed 21 new cardinals on Sunday, significantly increasing the number of members in the College of Cardinals and solidifying his influence on the group of prelates that will one day choose his successor.

Among those selected by the first Latin American pope in history were leaders from several important dioceses and archdioceses in South America. These include Archbishop Vicente Bokalic Iglic of Santiago del Estero, Argentina; Archbishop Jaime Spengler of Porto Alegre, Brazil; Archbishop Fernando Natalio Chomali Garib of Santiago, Chile; Archbishop Luis Gerardo Cabrera Herrera of Guayaquil, Ecuador; and Archbishop Carlos Gustavo Castillo Mattasoglio of Lima, Peru.

He also named the oldest cardinal to date: Monsignor Angelo Acerbi, a 99-year-old retired Vatican diplomat who was once held hostage for six weeks in Colombia by leftist guerrillas, and the youngest, the 44-year-old head of the Ukrainian Greek Catholic Church in Melbourne, Australia, Bishop Mykola Bychok, appointed as a nod to the ongoing war in Ukraine.

The new cardinals will receive their red hats at a ceremony known as a consistory on December 8, a major holiday that officially marks the start of Christmas celebrations in Rome. This will be Francis’ tenth consistory and the largest infusion of voting-age cardinals into the college in his 11 years as pope.

Even before Sunday’s announcement, Francis had already appointed the majority of the voting-age cardinals who will one day participate in a conclave to elect his successor. According to Vatican statistics, prior to Sunday, 92 of the cardinals under 80 years old—therefore eligible to vote in a conclave—had been chosen by Francis, compared to 24 named by Pope Benedict XVI and six by St. John Paul II.

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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.