International
Mexican President confirms regional summit on inflation
March 17 |
The President of Mexico, Andrés Manuel López Obrador, confirmed Thursday that the announced regional summit on inflation, in virtual format, will take place next April 5.
According to the Mexican president, the meeting will be attended by presidents and heads of state of Latin America and the Caribbean. Among them will be the presidents of Chile, Argentina, Brazil, Colombia, Cuba, Honduras, Belize, Bolivia and St. Vincent.
In this sense, he said: “We are going to have a conference on April 5, ten presidents and a prime minister of Latin America and the Caribbean (…) It is a virtual meeting, it is a plan for economic exchange, importation, exportation of food to face together the inflationary phenomenon”.
This is what López Obrador said when assessing the current conditions of the Mexican economy and their relationship. “So we are doing well in the economy and the peso is resisting, because there were bankruptcies of two banks in the United States and it did have an effect on the entire world market, but the peso is I would say stable, we continue without devaluation of the peso, this has not happened in 50 years and we are doing very well”, he commented.
Due to the effects of the conflict in Ukrainian territory, inflation in all the countries of the region suffered a significant increase. Argentina, another of the large economies, was one of the most affected with an index of 94.8 percent last year, the highest since 1991, with a strong increase in the food and clothing sectors, all of which was boosted by energy imports.
In Mexico, 2022 ended with an index of 7.82 percent, which was also the highest in the last two decades. In Brazil, there was a slowdown with respect to 2021 (from 10 percent to 5.79 percent), but it exceeded the target set by the Brazilian government. Colombia had 13.1 percent, which was also one of the highest in more than 20 years. Cubans faced 39 percent.
International
Trump Orders Construction of New ‘Golden Fleet’ to Revitalize U.S. Naval Superiority
President Donald Trump issued an executive order this Monday for the immediate construction of two new warships that will bear his name. These vessels will be the pioneers of what he described as the “Golden Fleet,” a future generation of “Trump-class” battleships that he claimed would be “100 times more powerful” than those currently in service.
The announcement took place at his private residence in Mar-a-Lago, Florida. The President indicated that following the initial two ships, the administration aims to commission up to 25 additional vessels. He is scheduled to meet with Florida-based contractors next week to expedite production, criticizing existing defense firms for failing to deliver results efficiently.
This naval expansion is a cornerstone of Trump’s goal to revitalized the American shipbuilding industry and address the strategic gap between the U.S. and competitors like China.
The move comes amid heightened geopolitical tension. Just last week, Trump ordered the seizure of all sanctioned tankers involved with Venezuela’s “ghost fleet” to cripple the country’s crude oil industry. Since December 10, the U.S. military—deployed in the Caribbean under the guise of counter-narcotics operations—has already detained two tankers linked to Venezuelan oil transport.
International
U.S. Judge Blocks ICE from Re-detaining Salvadoran Erroneously Deported Under Trump Administration
A U.S. federal judge ruled this Monday, December 22, that Immigration and Customs Enforcement (ICE) is prohibited from re-detaining Salvadoran national Kilmar Ábrego García, who was erroneously deported to El Salvador earlier this year during the administration of President Donald Trump.
During a hearing in Maryland, U.S. District Judge Paula Xinis ruled that Ábrego García must remain free on bail through the Christmas holidays, concluding that his initial detention lacked a legal basis. The ruling follows a request from his legal team for a temporary restraining order to prevent ICE from carrying out a new arrest.
Earlier this month, on December 11, Judge Xinis ordered his release from a Pennsylvania migrant detention center after determining that the government had detained him without a formal deportation order. In 2019, an immigration judge had already ruled that Ábrego could not be returned to El Salvador because his life was in danger.
Despite that protection, Ábrego García was deported in March 2025 following a raid by the Trump administration. Officials argued at the time that he was a gang member, and he was sent directly to the Center for the Confinement of Terrorism (CECOT) in El Salvador. In June, he was returned to the United States to face a new trial for alleged human smuggling—a charge he denies.
On Monday, Judge Xinis also temporarily invalidated a new deportation order issued by an immigration judge following Ábrego’s recent release, granting him legal protection through the coming weeks. His trial is scheduled to begin in Tennessee in January 2026.
International
Fire at substation triggers major blackout in San Francisco
The U.S. city of San Francisco was plunged into darkness Saturday night after a power outage left about 130,000 customers without electricity, although the utility company said service was restored to most users within hours.
Pacific Gas & Electric Company (PG&E) said in a statement posted on X that nearly 90,000 homes had their power restored by 9:00 p.m. local time (05:00 GMT on Sunday), while the remaining 40,000 customers were expected to have service restored overnight.
Large areas of the city, a major technology hub with a population of around 800,000, were affected by the blackout, which disrupted public transportation and left traffic lights out of service during the busy weekend before Christmas, a crucial period for retail businesses.
“I know it’s been a difficult day,” San Francisco Mayor Daniel Lurie said in a video posted on social media from the city’s emergency operations center. “There has been progress, but for those still without power, we want to make sure they are safe and checking in on their neighbors,” he added.
Lurie said police officers and firefighters advised residents to stay home as much as possible. He also noted that officers and traffic inspectors were deployed to manage intersections where traffic lights were not functioning.
The mayor confirmed that the outage was caused by a fire at an electrical substation. Parts of the city were also covered in fog, further complicating conditions during the incident.
As a result of the blackout, many businesses were forced to close despite it being the weekend before Christmas. The sudden drop in shopper traffic ahead of the holiday is “devastating” for retailers, the manager of home goods store Black & Gold told the San Francisco Chronicle.
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