International

Boric announces regiver of university debt and proposes a new financing system

The President of Chile, Gabriel Boric, announced his promised bill to forgive part of the debt that more than 1.2 million university students contracted in special credits to pay for their studies, while presenting a new public financing system.

“Most of those who are listening to these words today know someone who is in debt today for having studied in higher education with the State-Endorsed Credit (…) Today the CAE is a problem for all of Chile,” Boric said on national television.

Created in 2005 during the government of the socialist Ricardo Lagos (2000-2006), the CAE allowed thousands of young people with limited resources to access universities, but “over time it became a burden for students and their families,” the president added.

Despite what was promised in the campaign, the pardon will not be universal, but partial, and will be made “based on criteria of justice and merit,” and it will be taken into account if the person ended his career or if he has the debt up to date, Boric explained.

“Thus, we will support debtors with fewer resources, we will recognize those who have responsibly paid their dues and we will encourage the regularization of those who still owe payments,” he said.

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The legislative initiative, which will be presented this Tuesday in Parliament – where the Government does not have a majority – replaces the CAE with the so-called Public Financing for Higher Education (FES), an instrument with which beneficiary students do not disburse resources or go into debt, but pay their careers with a kind of progressive tax when they join the labor market, of no more than 8% of their monthly salary.

The FES, Boric said, “will involve a significantly lower fiscal expenditure than the State currently disburses for CAE,” which to date amounts to 9 billion dollars.

“Banks will not participate in this new financing instrument. With the FES, there will be no room for speculation, abuse, or profit, but a fair reward for the training received,” he concluded.

Boric, 38, forged his political career in the student mobilizations of 2011 in favor of gratuitousness and against the CAE.

The initial interest of the CAE was 6%, but after the mobilizations the rate was reduced to 2% during the government of the center-right Sebastián Piñera (2000-2014).

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Even so, those who graduate usually earn low incomes and pay credit to banks for years.

International

IEA warns Middle East conflict could spark worst energy crisis in decades

The ongoing conflict in the Middle East could trigger the worst energy crisis in decades, warned Fatih Birol, head of the International Energy Agency (IEA), who described the situation as “very serious.”

Speaking at the National Press Club in Canberra, Birol compared the current scenario to the oil crises of the 1970s, noting that during those events the world lost around five million barrels of oil per day in each crisis.

“Today, we have lost 11 million barrels per day—more than the two major oil shocks combined,” he said.

The Turkish economist referred to the conflict that began on February 28, following attacks by the United States and Israel against Iran, which have significantly disrupted global energy markets and driven oil prices higher.

Birol warned that the global economy is facing a “very, very serious threat” and expressed hope that the crisis will be resolved soon.

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“No country will be immune to the effects of this crisis if it continues in this direction. Global efforts are urgently needed,” he emphasized.

International

Colombian Air Force Hercules plane crashes during takeoff with troops onboard

A Lockheed C-130 Hercules operated by the Colombian Air Force was involved in a “tragic accident” while taking off from Puerto Leguízamo, in the Putumayo department of southern Colombia, as it was transporting troops, Defense Minister Pedro Sánchez reported on Monday.

The minister stated on social media that the exact number of victims and the causes of the crash have not yet been determined. He also extended his condolences to the families affected and urged the public to avoid speculation until official information is confirmed.

“This is a deeply painful event for the country. Our prayers are with the victims and their families,” Sánchez said, adding that emergency protocols have been activated and an investigation is underway.

Meanwhile, President Gustavo Petro expressed hope that there would be no fatalities in what he described as a “horrific accident that should not have happened.”

Petro also highlighted ongoing efforts to modernize the country’s air fleet and reiterated the need to acquire new helicopters and transport aircraft to strengthen military mobility, particularly in remote regions.

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According to local media reports, approximately 110 soldiers were on board the aircraft. So far, at least 20 injured military personnel have been rescued.

International

Paris prosecutors alert U.S. over alleged deepfake strategy linked to Elon Musk

The Paris Prosecutor’s Office said on Saturday that it had alerted authorities in the United States over suspicions that tech entrepreneur Elon Musk may have encouraged the spread of sexualized deepfake content on the social platform X to artificially boost the company’s valuation.

According to prosecutors, the controversy surrounding explicit AI-generated videos—reportedly linked to Grok, the platform’s artificial intelligence system—may have been deliberately triggered to increase the market value of X and X AI.

The office added that the alleged strategy could be tied to the planned June 2026 public listing of a new entity formed through the merger of SpaceX and X AI.

French authorities said they contacted the U.S. Department of Justice as well as legal representatives at the U.S. Securities and Exchange Commission (SEC) earlier this week to share their concerns.

Responding on X in French to a report about the case, Musk referred to French prosecutors using an offensive term.

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When contacted, X’s legal representative in France did not immediately comment.

Grok, the platform’s AI system, has its own account on X, allowing users to interact with it or request content generation. For a period, users were able to tag the bot in posts to generate or edit images, a feature that may have facilitated the spread of such material.