International

Majority anti-chavista alliance ratifies González Urrutia as a presidential candidate in Venezuela

The Democratic United Platform (PUD) – Venezuela’s main opposition coalition – ratifies Edmundo González Urrutia as its candidate for the presidential elections on July 28.

González Urrutia replaces María Corina Machado, who is disqualified from holding popularly elected positions.

“Venezuela and the democrats of the world, I want to give very good news to the people of Venezuela, the Democratic Unitary Platform unanimously has just approved the candidacy of Ambassador Edmundo González Urrutia as the candidate of unity, supported by all factors,” said the executive secretary of the PUD, Omar Barboza, in statements to the media.

González Urrutia was nominated by the PUD as a provisional candidate, after not being able to register Corina Yoris, who was appointed as a substitute for Machado.

Faced with this decision of the PUD, Barboza announced that the governor of the state of Zulia, Manuel Rosales, will decline his candidacy for the Un Nuevo Tiempo (UNT) party to support González Urrutia.

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“We want to give a recognition to Governor Rosales, a man who keeps his word, who after hearing the presentation of all the members of the Platform decided to decline his candidacy to join that of Edmundo González Urrutia,” he said.

UNT stressed, through the social network X, that it is “a historical gesture of great political greatness” on the part of Rosales – who, “fulfilled his word with the country, being a determining factor in achieving unity,” with the aim of “achieving the political change that the country demands.”

Rosales, who registered on the sidelines of the PUD when the deadline for the nominations was about to end, assured that his candidacy only sought to keep the opposition with options for the presidential elections, since the vast majority of those registered do not enjoy the support of traditional anti-chavism, considering that they receive favors from the ruling party in exchange for dividing the vote.

On March 26, the PUD registered González Urrutia as its provisional candidate in the face of the “clear impossibility” of nominating Corina Yoris elected because María Corina Machado could not compete because she was disabled.

The coalition explained that it made this decision in order to stay “within the electoral route” and “continue fighting.”

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This way you can “guarantee the registration” of the “candidate chosen by democratic factors.”

With González Urrutia, there are 13 candidates registered for the elections.

In addition to Manuel Rosales, Luis Brito, Luis Ratti, Enrique Márquez, Benjamín Rausseo, Luis Eduardo Martínez, Daniel Ceballos, Antonio Ecarri, Juan Carlos Alvarado, Javier Bertucci, Claudio Fermín and the president, Nicolás Maduro.

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.