Mexico seizes 3.5 tonnes of cocaine at sea
Mexico’s navy intercepted a submarine carrying 3.5 tonnes of cocaine off the coast of Guerrero, dealing a major financial hit to drug traffickers.
Mexican President Claudia Sheinbaum congratulated Donald Trump on his election victory, calling for dialogue and respect for sovereignty. She expressed confidence in strong U.S.-Mexico relations and reassured the public despite market instability.
Mexican President Claudia Sheinbaum on Wednesday congratulated former U.S. President Donald Trump on his victory in the presidential election, asking him for dialogue and respect for sovereignty.
In a post on X, Sheinbaum, who took office just last month, wrote she was sure both would "advance in the broad bilateral agenda" that connects the neighboring countries.
"There will be good relations with the United States," she had said earlier in the day, seeking to calm worries ahead of Trump's return to power. "I'm convinced of that."
The Mexican peso took a significant hit in overnight trading, dropping to the lowest level in more than two years. As markets digested Trump's win during the day, it trimmed losses, trading at 20.08 pesos per dollar at 5 p.m. ET.
Earlier in the day, she said she would wait to congratulate Trump until votes were counted.
Andres Manuel Lopez Obrador, her predecessor, also famously delayed congratulating Joe Biden on his victory in the 2020 presidential election, saying he would wait until legal challenges were concluded.
Lopez Obrador's decision was seen by many as a bid to avoid friction with Washington during the transition period.
Mexico is the top trade partner of the U.S., and the bilateral relationship with its northern neighbor is by far its most important.
While the U.S. election extended a streak of volatility and weakness for emerging markets, Mexico was seen as particularly vulnerable given its exposure to the U.S. economy. make it a bit shorter but keep the most important information and paraphrase a bit
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
Thousands of Iranians filled the streets of Tehran on Saturday to mourn senior military leaders and nuclear scientists killed in recent Israeli airstrikes.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
U.S. President Donald Trump has strongly denied reports suggesting his administration considered offering Iran $30 billion for a civilian nuclear program, calling the claims a “hoax.”
Start your day informed with AnewZ Morning Brief: here are the top news stories for 28th June, covering the latest developments you need to know.
A Russian drone strike on a residential high-rise in Odesa killed two people and injured at least 14, including three children.
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