International

Mexico City to regulate Airbnb and rents in bid to curb gentrification

Authorities in Mexico City announced on Wednesday a comprehensive strategy to combat gentrification, including a proposed law aimed at regulating housing rental prices.

The plan follows a wave of protests earlier in July in the central neighborhoods of Roma and Condesa—areas widely seen as the epicenter of the gentrification phenomenon, which intensified during the Covid-19 pandemic.

With the rise of remote work during the health emergency, thousands of foreigners—mostly young Americans—moved to the Mexican capital, drawn by its lower cost of living. “This is not only an issue for our city, but for the entire world,” said Mexico City Mayor Clara Brugada during a public event to present the plan.

“Gentrification means the disappearance of local businesses; it means transforming neighborhoods into areas for temporary housing,” she added.

Brugada stated that her administration will propose a law on “fair, reasonable, and affordable rents” to regulate and stabilize housing rental prices, and to prevent the displacement of people and communities.

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She also announced stricter regulation of short-term and temporary rentals such as Airbnb. “We will fully enforce the existing legal provisions and establish a methodology to set clear parameters for regulating temporary housing operations,” she said.

Additionally, Brugada emphasized that the city will prioritize the construction of public housing in central areas to ensure equitable access to housing.

The influx of higher-income foreigners into central neighborhoods has significantly driven up rental prices, pushing original residents to move to more affordable areas, often on the outskirts of the city.

During the July protests, some demonstrators voiced strong opposition to foreigners, particularly U.S. citizens.

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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.