International

Biden to announce details of global distribution of 80 mn Covid shots

AFP/Editor

President Joe Biden will announce within days the details of a plan to export 80 million coronavirus vaccine doses to other countries “without any political strings attached,” US Secretary of State Antony Blinken said Wednesday.

“In a few short days, in fact possibly as early as tomorrow, the president is going to announce in more detail the plan that he put together to push out 80 million vaccines around the world,” Blinken said at the US embassy in San Jose on his last day of a Latin American visit.

“We’re going to do that in coordination with Covax… based on science and needs… without any political strings attached,” the top US diplomat said, referring to the global vaccine-sharing program.

Biden recently announced a plan to release 20 million more doses over six weeks, bringing the total earmarked for shipping out by the end of June to 80 million.

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The boost followed pressure on the Biden administration from other governments to use the United States’ large vaccine surplus to help struggling countries, now that significant progress has been made in rolling out vaccinations at home.

The initiative also seeks to address concerns that Moscow and Beijing have been taking advantage of the worldwide crisis to spread influence through distribution of their own inoculations in a so-called “vaccine diplomacy” contest.

Biden has said the move would seek to reclaim “American leadership” in the global fight against the pandemic.

He stressed that Washington was not using the rollout as leverage over countries.

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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.