Latest News
-
Sources: 27 killed in clashes between Colombian guerrilla groups
Military authorities in Colombia reported that at least 27 members of a leftist group were killed in clashes in which they fought a rival faction for control of an area of jungle in southwest Colombia. A military source said that the clashes in El Retorno's rural area, located in the Guaviare department, about 300 km (186 miles), southwest of Bogota. This region is strategically important for the production and trafficking of cocaine. A second source confirmed that the clashes were between a faction of Revolutionary Armed Forces of Colombia led by Nestor Gregorio Vera (also known as Ivan Mordisco) and another led Alexander Diaz Mendoza alias Calarca Cordoba. The two groups were once part of the Central General Staff, but they separated in April 2024 because of internal disagreements. According to two anonymous military sources, the casualties all came from Vera's team. According to two military sources who spoke on condition of anonymity, the deaths were all from Vera's group. Vera's group is still fighting after the government suspended a ceasefire. Both factions rejected the 2016 peace accord that allowed 13,000 FARC members to disarm and rejoin society. The conflict in Colombia, which has lasted for?over 60 years and is primarily funded by illegal mining and drug trafficking, has led to over 450,000 deaths, and millions of people have been displaced. Petro's efforts at peace are currently stuck. (Reporting and editing by Matthew Lewis, Nia Williams and Luis Jaime Acosta)
-
Sources: 27 killed in clashes between Colombian guerrilla groups
Military authorities in Colombia reported that at least '27 members of the leftist guerrilla group in Colombia were killed in clashes in which they fought a rival faction for control of an area of jungle in southwestern Colombia. A military source reported that the clashes, the most violent in recent times, took place in the rural area of the municipality of El Retorno in the Guaviare department, about 300 km (186 miles), southwest of Bogota. This region is strategically important for cocaine production and trafficking. A second source confirmed that the clashes were between a 'faction of Colombian Revolutionary Armed forces (FARC), led by Nestor Gregorio Vera - also known as 'his war name Ivan Mordisco - and another, led by Alexander Diaz?"Mendoza alias Calarca Cordoba. (Reporting and editing by Matthew Lewis in Bogota)
-
Chile declares a state of catastrophe after wildfires kill 16 and force thousands to flee
Early on Sunday, Chilean President Gabriel Boric declared a state of catastrophe in two areas in the southern part of the country as wildfires forced?least?20,000 people from their homes and killed at least 16 others. CONAF, the Chilean forestry agency, reported that 24 fires were active in Chile as of Sunday morning. The largest of these was located in Nuble?and Bio Bio regions, where the government had declared an emergency. These regions are located about 500 km south of Santiago, the capital. "I have declared a catastrophe in Nuble and Biobio due to the ongoing serious wildfires." Boric stated on X that "all resources are available". Security Minister Luis Cordero informed?reporters Sunday morning that 16 deaths have been confirmed, including 15 in Bio Bio. This brings the total to 16, after the government announced a death on Saturday in Nuble. The fires in these two regions have already consumed almost 8,500 hectares (21,001 acres), putting multiple communities at risk and causing authorities to issue evacuation orders. Senapred, Chile's disaster agency, said that "nearly 20,000" people were evacuated. At least 250 homes had also been destroyed. According to authorities, adverse conditions such as strong winds and high temperatures exacerbated the spread of wildfires and made it difficult for firefighters to control them. Chile's entire south was on extreme heat alerts. Temperatures were expected to reach 38 C (100 F), from Santiago to Bio Bio, between Sunday and Monday. Since the start of the year, Chile and Argentina both experienced extreme heat and temperatures. Devastating wildfires broke out in Argentina's Patagonia this month. Reporting by Alexander Villegas, Santiago; Editing and production by Matthew Lewis
-
Chile declares a state of catastrophe after wildfires drive thousands to flee
As wildfires raged in the southern part of the country, the Chilean president Gabriel Boric declared a catastrophe early on Sunday. At least 20,000 people were forced to flee. CONAF, the Chilean forestry agency reports that 24 fires are active in Chile as of Sunday morning. The largest of these is located in Nuble?and Bio Bio where the government has declared an emergency. These regions are located?about 500km south of Santiago. "As a result of the'serious and ongoing wildfires in Nuble and Biobio, I have declared a catastrophe for the two?regions. Boric stated on a X post that "all resources are 'available. The fires in these two regions have burned nearly 8,500 hectares (21,001 acres) so far. This has put multiple communities at risk, and prompted authorities to issue evacuation orders. According to Chile's Senapred Disaster Agency, nearly 20,000 people have been evacuated from their homes and at least 250 of them have been destroyed. Authorities claim that adverse conditions, such as strong winds and high temperature, have exacerbated the difficulty of firefighters in controlling wildfires. Chile's central region is on extreme heat alert, with temperatures reaching up to 38 C (100 F). Since the start of the year, Chile and Argentina have both experienced extreme heat waves. Devastating wildfires broke out in Argentina’s Patagonia this month. Reporting by Alexander Villegas, Santiago; Editing and production by Matthew Lewis
-
Kurdish commander asks US to intervene 'forcefully' in Syria clashes
The U.S. must intervene more aggressively to stop a Syrian offensive which has gained key territory from Kurdish militants in the past few days, according to the leader of 'the main kurdish forces. Officials and security sources reported that government troops launched an offensive Saturday in territory controlled by semi-autonomous Kurdish authority for the past decade. They captured towns on both side of the Euphrates as well as the largest oilfield as well as a gas field. Sipan Hamo, commander of the People's Protection Units(YPG), said that a meeting held on Saturday between U.S. envoy Tom Barrack (and Kurdish officials) produced no roadmap for a ceasefire. He denied that 'Syria’s Kurds want to secede from Syria or create an independent country and said they have a future in Syria. Hamo stated that "our greatest hope is for a tangible result, particularly from the United States and the coalition, which means that they will intervene with greater force in existing problems than what they are doing currently." The Syrian army has continued to advance despite an?U.S. The military Central Command has called on them to halt. Hamo stated that Kurdish authorities recognized Washington's need to balance its long-standing alliance with Kurdish troops, which helped defeat the Islamic State of Syria, and its newly found support for Syria’s government under President Ahmed al-Sharaa. The U.S. must offer protection to Kurdish people, given their "concerns" about the changes that are taking place. In the current chaos and situation, the only ones who could offer any guarantees were the United States, or the coalition, he said in a rare interview in Hasakeh, a province still under Kurdish rule. Hamo said, "We believe that Western countries and in particular the United States of America are responsible for all the current events inside Syria." Hamo denied the YPG received support from Iran or Russia while expressing hope that Israel will intervene 'on behalf of Syria’s Kurds. "Of?course, we consider Israel as a powerful country in the region with a unique agenda. Hamo stated that he hoped the same approach taken by other nations in the region to certain minorities living in Syria would be extended to the Kurds. Hamo replied, "ofcourse." When asked if he meant Israel's attitude towards the Druze minorities last summer, when Israel launched air strikes near the presidential palace of Damascus, on the defence ministry and on Syrian troops that were advancing into Druze cities, Hamo responded, "of course." Hamo replied, "of course."
-
Drone strikes cut power supply to parts of Ukraine's Zaporizhzhia Region held by Russia
The regional governor, who is based in Moscow, said that more than 200,000 people were without power on Sunday after a drone strike by Ukraine on Saturday. Yevgeny Balitsy posted a statement on Telegram saying that he was working to restore power, but almost 400 settlements still remain without electricity. The temperatures are below freezing in the southeastern Zaporizhzhia area, which is a large part of Russia. Russia has repeatedly bombarded Ukraine’s power infrastructure during its four-year conflict, causing daily rolling blackouts. This winter, it has also targeted heating system. Separately?the governor in the Russian border region Belgorod which has been regularly attacked by Ukraine since 2022 said that a drone attack on the border village of Nechaevka had killed one person and injured another. The governor of the region said that two children and an adult were injured in the Caucasus Mountains region of North Ossetia when a Ukrainian Drone struck a building in Beslan. Reporting by Felix Light, writing by Guy Faulconbridge; editing by Guy Faulconbridge
-
China receives its first shipment of Simandou Iron Ore
China, which is the largest consumer of iron ore in the world, received its first shipment from the Simandou Mine in Guinea in West Africa. Beijing had invested heavily in the mine to ensure supply security. China, which imports 80 percent of its iron ore, from Australia and Brazil has tried to diversify their supply by increasing domestic production and investing in overseas mines. China Baowu Steel Group, the largest steel producer in the world, announced on Saturday that a vessel carrying almost 200,000 metric tons of iron ore arrived at Majishan Port in East China's Zhejiang Province on January 17, after a 46 day voyage. Simandou is owned by Rio Tinto, Chinese state-owned Chalco and Winning Consortium Simandou(WCS),?a Singaporean and Chinese partnership. China Baowu has also become a major shareholder following the completion of WCS' transfer?of shareholdings rights. Beijing has also established China's?Mineral Resources Group in order to centralise the iron ore purchase and obtain better terms from miners. Liu Guozhong, Vice-Premier of China, attended the commissioning ceremony for the mine in Guinea last November to show how important Simandou is to Beijing. China Baowu said that a second Simandou iron-ore shipment left Guinea in December. Reporting by Amy Lv and Lewis Jackson, Editing by Tom Hogue
-
After 25 years of negotiation, EU and Mercosur Sign Trade Deal
After 25 years of negotiation, top officials from the EU signed a free-trade agreement with the Mercosur bloc in Paraguay on Saturday. This is the largest trade deal ever for the European Union. The agreement is designed to lower tariffs between the two regions and increase trade. It must now be approved by the European Parliament, and ratified in the Mercosur member countries of Argentina, Brazil?Paraguay, and Uruguay. The European Commission's Ursula von der Leyen, the European Council's Antonio Costa, and the Mercosur presidents all attended the ceremony on Saturday, except for the Brazilian President Luiz Inacio Lula Da Silva who sent his Foreign Minister. The deal was signed last week after it received 'the green light' from most European countries, despite concerns raised by environmental and farmer groups who are concerned about a flood of cheap South American imports, and an increase in deforestation. Von der Leyen who met Lula before going to Asuncion and signing the agreement, said the deal would create a free trade zone the size of the entire world. This agreement sends out a strong message to the rest of the world. This agreement reflects a deliberate and clear choice. We choose ?fair trade over tariffs. "We choose a productive and long-term relationship over isolation," said she on Saturday. The value of trade between the two blocs - which includes a market of 700 million people - reached 111 billion euro in 2024. The European Union's exports consist mainly of chemical products and transport equipment. Mercosur exports are dominated by agricultural goods, minerals and wood pulp. Reporting by Daniela Deantis in Asuncion; Philip Blenkinsop, in Brussels; and Brendan O'Boyle, in Mexico City. Editing by Rod Nickel.
Japanese stocks outshine Europe and U.S. before essential inflation data
Japanese shares touched a 34year peak on Tuesday, while European stocks and S&P. 500 futures slipped as financiers waited on a U.S. inflation. report that might shape Federal Reserve policy.
Treasuries and the dollar were little altered before the. inflation numbers. Bitcoin stayed just above $50,000. after crossing the limit for the first time in over 2. years, thanks to inflows into exchange-traded funds backed by. the digital possession.
Japan's Nikkei continued to advance, climbing to. 38,010 on Tuesday, not far from the record high of 38,957 the. benchmark touched on Dec. 29, 1989. The Nikkei has actually acquired more. than 13% so far this year, after increasing 28% in 2023.
Foreign investors have actually flocked to the marketplace, attracted. by low valuations, changes in corporate governance, and a weak. yen that has made Japanese business' products more appealing. internationally.
U.S. yields have actually moved up year to date, stated Max. Kettner, chief multi-asset strategist at HSBC. In the absence. of any sort of meaningful tightening up from the Bank of Japan that. truly harms the Japanese yen, (which) helps the. export-sensitive Japanese equity market.
Europe's continent-wide Stoxx 600 index slipped. 0.33% in early trading, after rising 0.54% on Monday, as. investors turned cautious before the U.S. data. Germany's DAX. stock index was 0.72% lower.
Britain's FTSE 100 slipped 0.15% while the pound. climbed up 0.1% after data revealed
wage growth
was more powerful than anticipated in the last three months of. 2023.
Futures for the U.S. S&P 500 fell 0.32%, while. Nasdaq futures were down 0.4%.
January U.S. inflation data could jolt markets at 1330. GMT (8.30 a.m. ET). Financial experts polled anticipate the. customer price index (CPI) to rise 2.9% year-on-year, below. 3.4% in the previous month.
A higher-than-expected number might push yields higher. and further enhance the dollar, stated Charu Chanana, head of. currency method at Saxo.
Market rates reveals financiers believe there's currently a. 70% opportunity of a rates of interest cut by May, and there appears. room to press that further to June with markets staying. conscious hawkish surprises for now, Chanana said.
Investors have decreased their bets on rate cuts from the. most significant reserve banks in recent weeks as U.S. information has actually been available in. stronger than anticipated. They now see roughly 110 basis points of. cuts by the end of the year, below around 145 basis points. at the start of February.
The yield on 10-year Treasury notes was up very. somewhat at 4.19%. The dollar index, which determines the. U.S. currency versus six rivals, was little bit changed at 104.24. The euro was approximately flat at $1.0761.
The Japanese yen, which is delicate to U.S. rates, was last down around 0.2% at 149.67 per dollar, not far. from the carefully viewed 150 level that analysts stated would. likely trigger more comments from Japanese officials in an. effort to support the currency.
Japan's currency has fallen around 6% versus the dollar. this year as investors have actually pushed back their expectations for. when the BOJ will end its ultra-loose financial policy.
In commodities, Brent petroleum futures were at. $ 82.06, up 0.1% on the day.
(source: Reuters)