Colombian presidential hopeful Miguel Uribe dies 2 months after being shot during a rally
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France 24
6 hours ago
- France 24
Colombia buries assassinated presidential candidate
The 39-year-old conservative senator was shot in June while campaigning in the capital, Bogota, and died this week of his injuries. "Our country is going through the darkest, saddest, and most painful days," Maria Claudia Tarazona told a packed cathedral funeral service as she prepared to bury her husband. Police have blamed Uribe's murder on dissident left-wing guerrillas. For most Colombians, the assassination represented a shocking spasm of political violence after years of relative peace. Four presidential candidates were assassinated during the 1980s and 1990s, as cocaine cartels and various armed groups terrorized the country. Uribe's own mother, journalist Diana Turbay, was killed in a botched 1991 police operation to free her from cocaine kingpin Pablo Escobar's Medellin cartel. On Wednesday Uribe's father, Miguel Uribe Londono, remembered the day 34 years ago when she was killed. "With all the pain in my soul, I had to tell a little boy of barely four years old the horrendous news of his mother's murder," he said at the service. "In this same holy cathedral, I carried Miguel in one arm and the coffin of his mother, Diana, in the other." "Today, 34 years later, this senseless violence also takes from me that same little boy," he said. Uribe's wife vowed that his death at the hands of a suspected 15-year-old hitman would not be in vain, and that his young son and stepdaughters would live a life filled with love. "Miguel, I will love you every day of my life until my time comes to meet you in heaven," she said. "I promise to give Alejandro and the girls a life full of love and happiness, without hatred and without resentment". Colombia will hold elections in 2026 to replace incumbent leftist leader Gustavo Petro, who is constitutionally barred from running again. Petro, himself a former guerrilla, said he chose not to attend Wednesday's funeral at the family's request. "We're not going, not because we didn't want to," he posted on social media. "We simply respect the family and we avoid the funeral of Senator Miguel Uribe from being taken over by supporters of hate". It was expected that some of those marking their respects may have booed the president, who has taken a conciliatory approach to armed groups. Former presidents Juan Manuel Santos and Cesar Gaviria attended the funeral.
France 24
18 hours ago
- France 24
Markets rise on growing rate cut hopes
The S&P 500 and Nasdaq finished at fresh highs Tuesday after US data showed a tamer-than-feared impact on prices from President Donald Trump's tariff blitz. That boosted hopes among that the US Federal Reserve and its embattled chief Jerome Powell will cut interest rates next month. "Jerome 'Too Late' Powell must NOW lower the rate," Trump said on Truth Social, while also threatening a "major lawsuit" over renovations to Fed buildings. The US consumer price index reading for July showed annualised inflation at 2.7 percent, unchanged from a month earlier. Investors calculated that the benign data was not enough to sway the Fed away from an expected interest rate cut next month. "Stocks... took the (inflation) number as confirmation that September is shaping up to be the long-anticipated 'insurance cut' in an economy still treading water above the break-even line," said Stephen Innes at SPI Asset Management. Katy Stoves, investment manager at Mattioli Woods, warned however: "This gentle cooling of the economy will certainly not justify a cut of interest rates to one percent as President Donald Trump is calling for." Tokyo climbed 1.3 percent to a record high and Hong Kong rose 2.6 percent while Seoul, Shanghai, Taipei, Singapore, Kuala Lumpur, Bangkok and Jakarta also saw healthy gains. Europe followed suit, with London, Frankfurt and Paris all higher in early trade. Oil prices edged lower after OPEC raised its demand forecast for 2026, signalling it expected stronger global activity next year. Investor focus was also on a summit in Alaska on Friday between Trump and Russian leader Vladimir Putin on the three-year-old Ukraine war. In corporate news, AI firm Perplexity offered Google $34.5 billion for its Chrome web browser, which it may have to sell as part of antitrust proceedings. Intel rose 5.5 percent on Wall Street after CEO Lip-Bu Tan met with Trump, who praised the executive after previously calling for him to step down. Key figures at around 0820 GMT Tokyo - Nikkei 225: UP 1.3 percent at 43,274.67 (close) Hong Kong - Hang Seng Index: UP 2.6 percent at 25,613.67 (close) Shanghai - Composite: UP 0.5 percent at 3,683.46 (close) London - FTSE 100: UP 0.3 percent at 9,172.20 Euro/dollar: UP at $1.1718 from $1.1677 on Tuesday Pound/dollar: UP at $1.3561 from $1.3501 Dollar/yen: DOWN at 147.39 yen from 147.77 yen Euro/pound: DOWN at 86.41 pence from 86.45 pence
France 24
a day ago
- France 24
Soft US inflation boosts Asia markets
The S&P 500 and Nasdaq finished at fresh highs Tuesday after US data showed a tamer-than-feared impact on prices from President Donald Trump's tariff blitz. That boosted hopes among some investors that the US Federal Reserve and its embattled chief Jerome Powell will cut interest rates next month. "Jerome 'Too Late' Powell must NOW lower the rate," Trump said on Truth Social, while also threatening a "major lawsuit" over renovations to Fed buildings. "Stocks... took the (inflation) number as confirmation that September is shaping up to be the long-anticipated 'insurance cut' in an economy still treading water above the break-even line," said Stephen Innes at SPI Asset Management. Katy Stoves, investment manager at Mattioli Woods, warned however: "This gentle cooling of the economy will certainly not justify a cut of interest rates to one percent as President Donald Trump is calling for." Early afternoon, the Nikkei 225 index was at 43,359.03, up 1.5 percent, having already hit a new intraday record high of 42,999.71 the previous day. Oil prices edged lower after OPEC raised its demand forecast for 2026, signalling it expected stronger global activity next year. Investor focus was also on a summit in Alaska on Friday between Trump and Russian leader Vladimir Putin on the three-year-old Ukraine war. In corporate news, AI firm Perplexity offered Google $34.5 billion for its Chrome web browser, which it may have to sell as part of antitrust proceedings. Intel rose 5.5 percent on Wall Street after CEO Lip-Bu Tan met with Trump, who praised the executive after previously calling for him to step down. Key figures at around 0300 GMT Tokyo - Nikkei 225: UP 1.5 percent at 43,359.03 Hong Kong - Hang Seng Index: UP 1.4 percent at 25,234.90 Shanghai - Composite: UP 0.5 percent at 3,683.79 Euro/dollar: UP at $1.1684 from $1.1677 on Tuesday Pound/dollar: UP at $1.3505 from $1.3501 Dollar/yen: UP at 148.04 yen from 147.77 yen Euro/pound: UP at 86.52 pence from 86.45 pence Brent North Sea Crude: DOWN 0.2 percent at $66.01 per barrel
