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Mexican President confirms regional summit on inflation

Mexican President confirms regional summit on inflation
Photo: EFE

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.

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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.

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International

Trump floats Vance-Rubio potential Republican ticket for 2028 election

U.S. President Donald Trump suggested on Monday that Vice President JD Vance and Secretary of State Marco Rubiocould potentially form a Republican presidential ticket for the 2028 elections.

Speaking during a dinner with law enforcement officials as part of National Police Week, Trump publicly praised both officials and said they could make “an ideal team” for the next presidential race.

“Who likes JD Vance? Who likes Marco Rubio?” Trump asked attendees before adding that the pair “sound like a good combination.”

The president highlighted his vice president’s performance in office, stating that their current partnership has been highly effective. “JD is perfect, that has been a perfect formula,” Trump told reporters later.

He further suggested that a Vance-Rubio pairing could represent a strong presidential and vice-presidential ticket, although he stopped short of offering any formal endorsement.

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“I think it sounds like a presidential candidate and a vice-presidential candidate,” he said, while clarifying that his remarks should not be interpreted as an official backing of any future campaign.

So far, neither Vance nor Rubio has publicly confirmed any intention to run in the 2028 presidential election.

Rubio previously sought the Republican nomination in 2016 but withdrew after losing the primary race to Trump. Later, in a December 2025 interview with Vanity Fair, he said he would be among the first to support Vance if he decided to run for the White House.

Vance, meanwhile, has recently dismissed speculation of any political rivalry with Rubio amid growing discussion about potential future GOP leadership.

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International

Russia Accuses Ukraine of Violating Victory Day Truce

Russia accused Ukraine on Saturday of violating a Victory Day truce that was reportedly agreed with mediation from the United States, claiming that Ukrainian forces carried out attacks on Russian territory as well as on the annexed Crimean peninsula.

Despite the declared ceasefire, the Russian Ministry of Defense said in a statement that Ukrainian forces attacked Russian military positions using attack drones and artillery.

According to the ministry, Ukrainian forces made twelve attempts to advance toward Russian-held positions across several sectors of the front line.

It also alleged that Ukrainian strikes targeted civilian infrastructure in Crimea, several border regions, the Caucasus, and other areas including Moscow and Perm in the Ural region.

The Defense Ministry estimated around 8,900 violations of the ceasefire in total, including more than 7,000 drone attacks and over 1,000 strikes involving tanks, artillery, multiple rocket launch systems, and mortars since the truce came into effect at midnight.

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Russia said its forces responded “symmetrically” to what it described as violations by Ukrainian troops.

Earlier, the Kremlin denied claims that Ukraine attempted to sabotage a military parade in Red Square marking the 81st anniversary of the Soviet victory over Nazi Germany in World War II.

“No attempts were made. Everything went well,” Kremlin spokesperson Dmitry Peskov told local media.

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International

Trump Says U.S.-Iran Talks Progressing, Signals Possible Deal on Strait of Hormuz

U.S. President Donald Trump said Wednesday that Washington is holding “very good” talks with Iran and stated that there is a strong possibility of reaching an agreement to end the conflict and reopen the Strait of Hormuz.

“We’ve had very good conversations over the last 44 hours, and it’s very possible that we’ll reach an agreement,” Trump said during an event held in the Oval Office at the White House.

The president’s remarks came just hours after he announced a temporary suspension of the military operation aimed at escorting vessels stranded in the Persian Gulf due to Iran’s blockade of the strategic Strait of Hormuz.

Trump explained that the pause in operations is intended to facilitate diplomatic negotiations between both sides and prevent further military escalation in the region.

“We’re in good shape, and right now things are going well. Now we have to achieve what we need to achieve. If we don’t, we’ll have to go much further,” the Republican president warned.

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In a post published on his social media platform Truth Social, Trump reiterated that if Iran accepts Washington’s proposed conditions, military operations and the naval blockade affecting the Islamic republic would come to an end.

However, he also issued a new warning to the Iranian government, stating that the United States would respond with attacks “of greater intensity” if Tehran rejects the agreement promoted by the White House.

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