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Venezuelan President Nicolas Maduro addresses supporters during a march marking the first anniversary of his victory in the disputed July 28 presidential election, in Caracas, Venezuela July 28, 2025.
Hard Numbers: US doubles Maduro’s bounty, Trump appoints new Fed member, Modi and Lula combine forces, & more
$50 million: The US doubled its bounty to $50 million for Venezuelan President Nicolás Maduro’s arrest. The reward is linked to a 2020 case at the US Department of Justice that accused Maduro and other Venezuelan officials of narco-terrorism, corruption, and drug trafficking. Venezuela has dismissed the move as “political propaganda.”
7: US President Donald Trump will nominate Stephen Miran, a tariff advocate and critic of current Fed chair Jay Powell, to temporarily join the seven-member Federal Reserve board, a move analysts say could be positioning Miran to take over for Powell once his term is up in February of 2026. Miran is known for supporting the goal of structurally weakening the US dollar – more on that here.
50: Indian Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva hopped on a call to discuss a unified response to Trump’s tariffs, which currently stand at 50% against Brazil and 25% against India. The call comes the day after Lula announced he would try to rally BRICS countries to push back on the US leader’s trade policy.
8: Check m8. OpenAI’s model beat Elon Musk’s Grok, and Google’s Gemini model came after a three day chess tournament this week. The competition took place between eight AI companies' normal AI products – rather than models designed for chess – testing their reasoning skills at a task they are still improving at.Deputy Prime Minister and Minister of Transport Matteo Salvini meets with journalists following the CIPESS decision to approve the construction of the Messina Strait Bridge, Italy, on August 7, 2025.
Hard Numbers: Italy builds bridge over troubled waters, Ghanaian helicopter crash kills two ministers, Portuguese cop stuffs coke in animal skins, & More
13.5 billion: After decades of planning, the Italian government has approved a €13.5 billion ($15.6 billion) project to build the world’s longest suspension bridge, connecting Sicily to mainland Italy. The Ponte Messina will span one of the most seismically active areas in the Mediterranean, but designers say it will be able to withstand earthquakes. The target date for completion is 2033.
8: A helicopter crash in the central Ashanti region of Ghana has killed eight people including two government ministers: Edward Omane Boamah and Ibrahim Murtala Muhammed. The cause of the crash was unclear, but local farmers near the crash site reported foggy conditions as the helicopter flew overhead.
1.5: What’s that smell in Portugal? Oh it’s just some cocaine in rotting animal skins. A police captain and an accomplice are under arrest in Portugal on suspicion of importing 1.5 tons of the drug by hiding it in untanned hides imported from Latin America. The plot thickens: captain was himself involved in a sting operation against a drug ring two years ago.
1 of 3: South African prosecutors have withdrawn charges against one of the three men accused of murdering two Black women last year and feeding their bodies to pigs. The case has exacerbated racial tensions in the country, especially in rural areas. The trial will resume on Oct. 6.
74: Myanmar’s figurehead President Myint Swe died on Thursday at the age of 74. Swe had held the role ever since the military coup of 2021, repeatedly endorsing extensions of the country’s state of emergency to ensure the military junta could hold power.
Spiritual Counsel: Azucar para siempre! Nuyorican pianist and band leader Eddie Palmieri, a giant of Latin jazz and one of the pioneers of the genre that came to be called salsa, died Wednesday at the age of 88. Thank you for all of the music, all of the magic, and all of sugar, Eddie. Que en paz descanses.
CBP agents stand by a plane that's believed to have carried Mexican drug lord Ismael "El Mayo" Zambada and Joaquin Guzman Lopez, who were arrested in El Paso, Texas.
Sinaloa cartel leaders arrested
Ismael “El Mayo” Zambada, the leader and co-founder of the notorious Sinaloa cartel was arrested on Thursday in El Paso, Texas, along with Joaquin Guzmán Lopez, the son of imprisoned cartel boss Joaquín “El Chapo” Guzmán.
The two men are considered to be among the most powerful drug traffickers in Mexico, and this is a major victory for US law enforcement agencies that have hunted figures like Zambada for years.
Attorney General Merrick Garland said the men face “multiple charges” for leading the cartel’s criminal operations, which include “its deadly fentanyl manufacturing and trafficking networks.”
The DEA has directly attributed the deadly synthetic drug crisis in the US, involving substances like fentanyl and methamphetamine, to the Sinaloa and Jalisco cartels and their associates.
“Fentanyl is the deadliest drug threat our country has ever faced, and the Justice Department will not rest until every single cartel leader, member, and associate responsible for poisoning our communities is held accountable,” Garland said.
A congressional report earlier this year pointed to fentanyl as the leading cause of death for Americans aged 18-45. The opioid crisis is a major political issue in the US and has emerged as a key topic in the 2024 presidential election.
Though these arrests are a win for the Justice Department, experts doubt they will put a major dent in the drug trade — and suggest the arrests could lead to a spike in violence due to infighting that was already prevalent.Claudia Sheinbaum Pardo, candidate for the Presidency of Mexico by Sigamos Haciendo Historia coalition shows a electoral ballot before casting their vote at a polling booth during the 2024 Mexico s general election on June 2, 2024,
Mexico elects first woman president — will she bring change?
Claudia Sheinbaum made history on Sunday, with preliminary results showing she won roughly 60% of the vote to become the first woman elected Mexico’s president. Her victory was never really in doubt, given the support she enjoyed from outgoing and immensely popular President Andrés Manuel Lopez Obrador. But that same popularity means it will be hard for Mexico’s first female president to emerge from her predecessor’s shadow.
Mexican presidents are limited to a single six-year term, but AMLO has pitched Sheinbaum as his loyal successor. He’s promised she will carry on the work of what he calls Mexico’s populist “Fourth Transformation” (the first three being Mexican Independence in 1821, the civil war of 1858-1861, and the revolution 1910-1917).
Her vote more than doubled the runner-up’s, and her party took 251 seats in the lower house and 60 in the Senate, which should give her so-called “qualified” majorities in both houses alongside coalition partners. In other words, she can change the constitution, and perhaps enact some of the controversial changes AMLO failed to implement.
When the fiesta dies down at Morena headquarters, Sheinbaum will face demands from voters to tackle cartel violence, the country’s historically high murder rate, and immigration – problems she has slim chances of resolving. On the latter issue, she’s at the mercy of Washington, as folks crossing her southern border with Guatemala are trying to get to the United States, not stay in Mexico. She won’t have a clear picture of the policy environment she can act within until the gringos vote in November.
And she’ll need to break away from AMLO’s “hugs not bullets” policy, which has utterly failed to protect Mexicans, especially women and girls, from the predations of drug traffickers. The trick will be doing so without implicitly criticizing her former boss.
“The challenge is to follow Lopez Obrador, manage an extremely challenging security situation, ensure macroeconomic fundamentals remain sound and potentially deal with Trump,” said Eurasia Group analyst Daniel Kerner, who was at Sheinbaum HQ on Sunday. “And if she tries to do the constitutional reforms, economic and social stability will suffer.”
Russian President Vladimir Putin speaks during a press conference in Tashkent, Uzbekistan May 28, 2024.
Hard Numbers: Multinationals stay in Russia with love, Narcos play squid game in Greece, Biden helps Cuban entrepreneurs, PNG suffers landslide amid political earthquake
2,100: More than 2,100 international firms have stayed in Russia since Vladimir Putin’s invasion of Ukraine in 2022 sparked a raft of EU and US sanctions, according to a study by the Kyiv School of Economics. Why stay? Some are reluctant to leave a market of 140 million people while others are hamstrung by Kremlin rules that impose huge costs on any companies from “unfriendly” countries that try to leave. Still, despite those obstacles, some 1,600 multinationals have done so.
240: The international drug trade is putting cephalopods behind the eight ball now, it seems, as Greek port authorities in Piraeus found 240 pounds of cocaine in a shipment of frozen squid this week. Across Europe, authorities are making record cocaine busts as soaring production from Latin America finds its way into the EU, now the world’s number one market for the drug.
11,000: The Biden administration has announced measures to help the roughly 11,000 small businesses that have formed in Cuba since the impoverished island’s communist dictatorship eased restrictions in 2021. The White House said it hopes the move, which includes access to US bank accounts, will help “stem irregular migration.” In a staggering exodus during 2022 and 2023, nearly 5% of Cuba’s population fled, mostly to the US. Despite the small business move, there’s no sign of further easing of the six-decade-old US embargo against the island.
2,000: A landslide in Papua New Guinea has killed as many as 2,000 people, according to local authorities. The disaster comes amid political turmoil in which Prime Minister James Marape has recently suffered a mass defection from his party and will likely face a no-confidence vote.
Ecuador's President Daniel Noboa looks on as his wife Lavinia Valbonesi (not pictured) takes part in a referendum that asks voters to support mostly security-related questions to fight rising violence, in Guayaquil, Ecuador April 21, 2024.
Ecuador votes to get tough on drugs
Ecuadorians showed overwhelming support for a government crackdown on drug-related violence in referendums this weekend in what could become a regional trend. Quito won support for joint police-military patrols, extradition of wanted criminals, tighter gun control, and tougher punishments for murder and drug trafficking, among other measures.
Cocaine boom: Ecuador had long maintained a reputation for tranquility despite being sandwiched between the major cocaine production hubs of Colombia and Peru. Coke is in the midst of a major resurgence, according to the UN Office on Drugs and Crime, with seven straight years of growing use.
Consequently, traffickers are trying to ship more blow than ever to the US, and increasingly doing so through Ecuador’s conveniently located ports. With the drugs come weapons, money, and violence, tearing at the social fabric. In August of last year, presidential candidate Fernando Villavicencio was assassinated after receiving death threats from gang leader Jose Adolfo Macias, who later escaped prison.
Iron fist: Ecuador is far from alone in experiencing a surge in drug violence, and leaders in Latin America are looking at Salvadoran President Nayib Bukele’s “mano dura” (iron fist) crackdown as an example.
“Ecuadorian President Daniel Noboa took from the Bukele playbook in realizing that citizens are open to more draconian type measures,” says Eurasia Group associate Yael Sternberg, though she emphasized that the actual policies and problems are different.
If it pays off for Noboa like it has for Bukele, Sternberg says Chile is the country to watch next, with a growing crime issue and elections next year.
FILE PHOTO: Palestinian employees at the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) prepare food aid rations for refugees, in Gaza city on January 19, 2022
Hard Numbers: Alt-aid for Gaza, 2024 economic outlook, Continent-sized drug racket busted, Stolen bear on the loose
30 million: Canada has made a new pledge to send nearly $30 million in aid to Gaza. The move comes after Canada followed the US lead in cutting funding to UNRWA, the UN relief agency, in light of Israeli accusations that members of the organization had participated in the Oct. 7 attacks. According to the last full year of data, in 2022 Canada gave about $24 million to UNRWA. The new batch of Canadian aid will be delivered by other UN agencies such as UNICEF, the UN Population Fund, and the World Health Organization. (What’s UNRWA and why is it controversial? Read our explainer here.)
1.4: The IMF’s latest forecasts see Canada’s economy expanding by 1.4% this year, good for second place in the G7’s league of wealthy democracies. The top spot goes to the US, which is expected to grow 2.1% in 2024. Behind Canada, France is in third place at 1%.
19: The US this week charged 19 people from the US, Canada, and Mexico with running a pan-North American drug trafficking scheme involving as much as $28 million worth of methamphetamines, cocaine, and fentanyl, destined chiefly for the streets of Canada. A dozen of the suspects have been arrested, and the others remain at large.
500: Speaking of criminals at large, Canadians, please keep an eye out for anyone trying to sell you a 500-pound taxidermied polar bear. You can’t miss it: It’s 12 feet tall and frozen forever in a “scary roaring bear” pose. Again, it weighs 500 pounds. It was stolen from a resort in Edmonton last month in a rash of taxidermy heists valued at more than $25,000.US ships during an underway replenishment in the Philippine Sea. January 19, 2023.
Hard Numbers: US camps in Philippines, Malaysia may nix death penalty, Bulgaria’s close vote, Burkina Faso vs. journalists, hungry as a bear in Japan
4: On Monday, the Philippine government confirmed the location of four new military camps that will indefinitely host rotating US forces, despite China’s opposition. The new encampments, which were announced last February, place US forces closer to Taiwan and key trade routes in the South China Sea, where China has territorial disputes with its neighbors.
1,300: Malaysia’s lower house of Parliament approved a bill on Monday to abolish mandatory death sentences, possibly sparing over 1,300 death row inmates. If the bill passes the upper house as expected and gets the king’s signature, it will mean capital punishment is no longer obligatory for crimes like murder and drug trafficking.
5: So far, it’s a dead-heat in Bulgaria’s parliamentary election, the 5th in two years, between center-right PM Boyko Borisov and liberal ex-PM Kiril Petkov. Corruption and inflation were the top concerns for voters in the former Soviet ally, which has struggled to form a durable ruling coalition in recent years. Final results are expected later this week.
2: Burkina Faso’s military junta has expelled two French reporters in its crackdown on journalists. The junta, which seized power in a coup last September (the country’s second in 2022), has not offered an official reason for the move, but it comes after one of the journalist’s publications investigated the execution of children inside military barracks in the northern part of the conflict-plagued West African country.
17: Japanese bear encounters have been on the rise in the wild … and at dinner. A new vending machine in Semboku, northern Japan, is clawing a profit by selling wild bear meat for $17 (2,200 yen) per 250 g. It’s proving so popular that the operator is getting mail-order requests from as far away as Tokyo.