International

The Government of Venezuela says that detained former officials diverted funds to opposition campaign

The Government of Venezuela accused on Tuesday former officials of the municipality of Maracaibo (northwest) – Zulia state -, among them, the former anti-Chavista mayor Rafael Ramírez Colina, of diverting public resources to finance acts of the campaign of the majority opposition, the Democratic Unitary Platform (PUD).

The Minister of the Interior, Diosdado Cabello, said that Ramírez Colina – arrested on October 1 – “directly financed” “political and proselytising” activities, as well as “staff payments” outside the payroll of the Mayor’s Office, with resources obtained through the collection of the urban toilet service by seven companies hired for its collection in the capital of the state of Zulia.

Accusations of the Minister of the Interior of Venezuela

The provision of that service “was charged” despite the fact that they “did not collect” the garbage, and that money, as Cabello explained, “was used to finance the First Justice party,” of which the former official is part, and to “finance mobilization activities of Edmundo González’s campaign” in Zulia.

In a press conference, broadcast by the state channel VTV, Cabello reproduced a video showing the opponent Pedro Guanipa, former director of the Mayor’s Office of Maracaibo -detained in September-, confessing that he was aware of the “financing (…) authorized by Mayor Rafael Ramírez for the campaign activities of Edmundo González and María Corina Machado.”

They involve Juan Pablo Guanipa

In addition, Cabello said that former deputy Juan Pablo Guanipa is also involved in this corruption plot, who “was given” about “50,000 dollars a week”, even though his brother Pedro Guanipa said in the video reproduced that the “financing” to “political activities” of the former parliamentarian “throunder’s Mayor’s Office” was about “6,000 dollars a month.”

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In total, the embezzlement, according to the minister, exceeds 2.7 million dollars, and “only in the hiring” of the seven companies.

In the last elections, Ramírez Colina supported the candidacy of González Urrutia, leader of the largest opposition coalition, which recognizes him as the winner of the elections, even though President Nicolás Maduro proclaimed him the electoral entity the winner.

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.