International
Argentina names new economy minister after surprise resignation
AFP
Argentina appointed economist Silvina Batakis as its new economy minister Sunday after Martin Guzman, the architect of a debt restructuring deal with the IMF, unexpectedly resigned.
President Alberto Fernandez appointed the 53-year-old Batakis, “a renowned economist” who was economy minister for Buenos Aires province from 2011 to 2015, the president’s spokesperson announced on Twitter.
The center-left leader had held consultations all day Sunday to find a replacement for Guzman, who was tasked with renegotiating a $44 billion debt with the International Monetary Fund that Argentina insisted it could not afford to repay.
The original debt of $57 billion — the last tranche of which Fernandez declined after succeeding his liberal predecessor Mauricio Macri, who had solicited the loan — was the largest ever issued by the IMF.
Guzman was praised for having stopped Argentina, Latin America’s third-largest economy, from defaulting with the deal finalized in March.
But he was regularly challenged by the Peronist Justicialist Party, the major force in the Frente de Todos (Everyone’s Front) ruling coalition, embodied by the still-influential Cristina Kirchner, the country’s vice president and president from 2007 to 2015.
Batakis’ appointment appears to be a signal of growing power of Kirchner’s faction in the center-left coalition.
She was economy minister for Buenos Aires province, with a 15 million-strong population, under then-governor Daniel Scioli.
Scioli was vice president under president Nestor Kirchner, and close to his wife, Cristina Kirchner.
In addition to commitments to the IMF deal, which included provisions to contain inflation and reduce the budget deficit from three percent in 2021 to parity by 2025, Batakis will have to contend with chronic inflation.
Agricultural powerhouse Argentina has been in economic crisis for years, with inflation of more than 60 percent in the last 12 months.
International
Trump says Venezuela is ‘feeling the heat’ amid U.S. anti-drug operations in the Caribbean
President Donald Trump said he believes Venezuela is “feeling the heat” as his administration intensifies its military campaign against alleged drug-trafficking vessels in the Caribbean — operations that have resulted in the destruction of at least two boats over the past week.
While Trump has stated that the missions aim to curb the flow of narcotics into the United States, analysts and several lawmakers argue that the operations have a broader political goal: to increase pressure on Venezuelan President Nicolás Maduro to step down.
“The Trump administration is likely trying to force Maduro to voluntarily relinquish power through a combination of diplomatic moves and now military action — or the threat of it,” said Brandon Buck, a foreign policy analyst at the Cato Institute, in an email to Fox News Digital. “Whether that amounts to ‘regime change’ or something else is largely a matter of semantics.”
The Trump administration has repeatedly stated that it does not recognize Maduro as Venezuela’s legitimate head of state, describing him instead as the leader of a drug cartel. In August, Washington raised its bounty for information leading to Maduro’s capture to $50 million, calling him “one of the world’s most notorious drug traffickers.”
So far, U.S. officials have remained tight-lipped when questioned about potential plans targeting Maduro. On Wednesday, Trump declined to say whether the CIA had the authority to “eliminate” the Venezuelan leader.
International
U.S.-Colombia Tensions Escalate as Trump Ends Subsidies, Criticizes Petro
U.S. President Donald Trump on Sunday accused his Colombian counterpart, Gustavo Petro, of tolerating drug production and announced that the United States will end “large-scale payments and subsidies” to the South American nation.
The relationship between the two historically allied countries has reached a low point with the arrival of Trump in office and Petro, Colombia’s first leftist president in history, assuming power.
“As of today, these payments, or any other form of payment or subsidies, will no longer be made,” Trump wrote on Truth Social, adding that Petro is “strongly encouraging mass drug production.”
In response, Petro took to X (formerly Twitter), claiming that the U.S. president is “misled” by his advisors. He added, “I recommend Trump carefully read about Colombia and distinguish where the drug traffickers are and where the Democrats are.”
Last month, Washington revoked Colombia’s status as a key ally in the fight against narcotrafficking, a certification that had previously enabled the country to receive hundreds of millions of dollars in U.S. aid.
International
María Corina Machado: “Venezuela is closer than ever to regaining freedom”
Venezuelan opposition leader and 2025 Nobel Peace Prize laureate María Corina Machado declared on Friday that Venezuela is facing “the most decisive moment in its contemporary history” and that the country is “closer than ever to regaining freedom and democracy.”
Her remarks were delivered via video message during the 81st General Assembly of the Inter American Press Association (IAPA), held in Punta Cana, Dominican Republic.
Machado emphasized that the situation in Venezuela remains “extremely serious” due to censorship and repression imposed by Nicolás Maduro’s regime, particularly in a global context where “society is built on information.”
She warned that authoritarian governments manipulate public opinion through “psychological warfare” and disinformation, while shutting down media outlets and persecuting journalists.
“The only way to topple these regimes is through the constant, relentless, and unrestricted preaching of the truth. It is absolutely true that the truth will set us free,” she stated.
Trump says Venezuela is ‘feeling the heat’ amid U.S. anti-drug operations in the Caribbean
U.S.-Colombia Tensions Escalate as Trump Ends Subsidies, Criticizes Petro
María Corina Machado: “Venezuela is closer than ever to regaining freedom”
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