PARAGUAYS FORMER PRESIDENT
Paraguay's ousted president faces prosecutors after his removal over bank collapse
Santiago Pena was removed from office by Congress following a bank failure affecting nearly three million customers. Prosecutors ordered his arrest for alleged breach of trust and other offenses related to Ueno Bank's collapse. His successor, Vice President Pedro Alliana, began forming a new Cabinet to address the situation. Public protests demanding accountability and access to frozen funds escalated significantly in response.
How a banking scandal is taking down Trump’s ally in Paraguay
Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Peña faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Ueno’s lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.
Ousted Paraguayan President Santiago Pena placed under house arrest after bank collapse; Pedro Alliana sworn in as sudden successor
Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse of Ueno Bank, affecting nearly half of Paraguay's population. Vice President Pedro Alliana has assumed presidency amidst public outcry for accountability. Regulators seized Ueno Bank, locking depositors out of their accounts and triggering a political crisis. Lawmakers allege Pena abused his political influence regarding Ueno's operations and regulatory oversight.
A win that defied all odds
Luiz Inacio Lula da Silva won the Brazilian presidential election on October 25 after trailing in the first round. His victory was supported by massive rallies and social media strategy, especially in Minas Gerais. Lula appointed allies as key partners to strengthen his government while also facing significant opposition in Congress. Global leaders, including Narendra Modi, quickly congratulated him on his election.
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
An isolated Netanyahu was defiant at UN as he seeks reelection at home
Israeli Prime Minister Benjamin Netanyahu faced criticism during his brief visit to New York for the U.N. General Assembly. His strained relationship with U.S. President Donald Trump was evident as they did not meet. Netanyahu's security failures were a central theme ahead of upcoming elections in Israel next month.
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Netanyahu expected to berate New York's Mamdani in 'campaign speech' of UN address
Benjamin Netanyahu is set to deliver a speech at the UN where he plans to address Mayor Zohran Mamdani's accusations. As Israeli elections approach, Netanyahu's campaign is perceived as increasingly desperate amidst mounting criticism of the Gaza war. He is making a brief visit to the US and is not expected to meet the US President.
Jurgen Klopp starts Germany coach job with talk of resigning
In his new role as head coach of Germany, Jurgen Klopp has set definitive expectations, emphasizing that his resignation would be on the table if his family's privacy is compromised. He is committed to revitalizing German soccer to reignite fan enthusiasm. With a contract lasting until the 2030 World Cup, Klopp steps in for Julian Nagelsmann following a lackluster World Cup showing.
India has better chance to qualify if FIFA World Cup expanded to 64 teams: Bhaichung Bhutia
FIFA's potential 64-team World Cup expansion offers India better qualification chances. This move could compromise the overall quality of the games played. Bhaichung Bhutia believes the women's team has a better chance to qualify. He also supports OCI and PIO players joining the national team. Long-term development remains crucial for Indian football's success.
President Trump will not attend US team's World Cup opener
President Donald Trump will miss the United States' World Cup opening match. His schedule is tight, requiring him to be in Washington D.C. for the UFC Freedom 250 event. This is not unprecedented for a host nation's leader. Secretary of State Marco Rubio will lead the U.S. delegation. Andrew Giuliani suggested Trump may engage more with the World Cup later.
Trump administration tells prosecutors to stand down on Venezuela leader, sources say
Federal prosecutors in Miami have been instructed to halt criminal investigations into Venezuela's acting President Delcy Rodriguez, a longtime DEA target. This directive, aimed at fostering U.S. investment and stabilizing Venezuela, comes despite DEA records showing Rodriguez has been on law enforcement's radar since at least 2018. The move eases pressure on Rodriguez as the U.S.
India among those absent at signing ceremony of Trump's 'Board of Peace'
US President Donald Trump launched his "Board of Peace" in Davos to foster lasting peace in Gaza and resolve global conflicts. While many nations, including India, France, and the UK, did not attend the unveiling, others like Pakistan and Saudi Arabia joined the initiative.
India yet to take call on joining Trump's Board of Peace
India is yet to decide on President Trump's "Board of Peace" invitation, aimed at resolving global conflicts and bringing peace to Gaza. The initiative, unveiled during a Gaza ceasefire, will be detailed at Davos. India is carefully considering the sensitive aspects of this new international body.
Inside Trump’s Board of Peace: Who’s in, who’s out and what it aims to do
President Donald Trump is reshaping his Board of Peace into a global powerhouse for conflict resolution, setting its sights on challenging the UN Security Council's dominance. A broad array of nations has received invitations, and several have already committed to this new initiative.
$1 billion gets a permanent seat on Trump's Board of 'Peace for Gaza', as India and others invited
At least eight more countries have been invited to join President Trump's new Board of Peace, intended to oversee Gaza's next steps and potentially expand its global influence. Hungary and Vietnam have accepted invitations, with a $1 billion contribution securing permanent membership. The board aims to facilitate Gaza's reconstruction and disarmament of Hamas.
South American bloc looks to Asia, Europe in face of Trump trade war
Despite tensions, Mercosur seeks to strengthen inter-bloc trade and implement a trade agreement with the EU, while also addressing climate change and regional integration.
'Everything is expensive!' Bolivia faces a shocking economic collapse
Bolivia Fuel Crisis: Bolivia struggles with fuel scarcity. Long lines at gas stations are common. The country's foreign currency reserves have dropped. Food prices are rising. Citizens protest against President Arce. The economic crisis impacts daily life. Farmers face difficulties. The government promises solutions. Public anger grows ahead of the 2025 election.
Qin Gang, China's ex-high flying foreign minister, is now working in a low publishing role
China's former Foreign Minister Qin Gang is now justifying a role of low level publisher. Previously he was the most powerful man but he has been dismissed due to his extra marital affair during his tenure as China's ambassador to the US. Later, Wang Yi replaced him as his predecessor.
Obama's half brother Malik trashes Biden-Harris agenda, says Trump will win second term
Barack Obama's half-brother, Malik Obama, believes Trump will win in 2024 and calls out Biden and Harris for being incompetent. He declared that Trump would win the next election handily and quit the Democratic Party due to what he saw as its hypocrisy.
Donald Trump botches the name of his best friend Elon Musk, and then this happened
After calling Elon Musk ‘Leon’ in a Wisconsin campaign speech, Donald Trump sparked a barrage of jokes on Musk's social media accounts.
FIFA bans Luis Rubiales of Spain for three years for kiss and misconduct at Women''s World Cup final
Rubiales also is under criminal investigation in Spain for kissing player Jenni Hermoso on the lips after the team's 1-0 victory over England on Aug. 20 in Sydney, Australia. He denied wrongdoing to a judge in Madrid who imposed a restraining order for Rubiales not to contact Hermoso.
FIFA opens case against Spanish soccer official who kissed a player on the lips at Women's World Cup
FIFA opened a disciplinary case against the Spanish soccer official who kissed a player on the lips while celebrating the team's victory in the Women's World Cup final. The governing body's disciplinary committee will weigh if Spanish soccer federation president Luis Rubiales violated its code relating to "the basic rules of decent conduct" and "behaving in a way that brings the sport of football and/or FIFA into disrepute."
Taiwan vice president in New York for US stopover en route to Paraguay
Taiwan Vice President William Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president next week.
Taiwan vice president leaves for US amid China tensions
Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president.
Santiago Pena wins Paraguay vote, keeps rightwing party in power
Economist and former finance minister Santiago Pena, 44, took the election with more than 42 percent of the vote to continue the hegemony of the conservative Colorado Party, results showed.
For the global economy, it's the end of cheap money, soaring energy prices & crippling inflation
US consumer spending rose at a sluggish pace in July, even while Americans got some relief on prices, indicating the economy is feeling the pinch from the highest inflation in a generation.
Desperate race against fires in world's biggest tropical wetlands
There have been a record-shattering 14,764 fires in the Brazilian Pantanal this year, according to satellite data from Brazil's National Space Research Institute (INPE).
IUML criticises India's absention from voting in UNHRC
Indian Union Muslim League (IUML) criticised India's abstention from voting at the UNHRC on a UN report critical of Israel's Gaza war last year
How Argentina plays debt bully to socialist ally Cuba
Argentina is also demanding its neighbor Paraguay repay an $18 bn debt stemming from funds it contributed to build a hydroelectric dam in 1983.
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