Tue, 21-Oct-2025

Major Mexican Firms Hit in Financial Cyberattack Surge

Major Mexican Firms Hit in Financial Cyberattack Surge

Cyberattacks surge on Mexican institutions. AllaKore RAT targets banks and major companies. Urgent collaboration needed for stronger cybersecurity. Blackberry’s research and intelligence division has issued a warning about a significant surge in financially motivated cyberattacks targeting high-net-worth Mexican cryptocurrency exchanges, banks, and large companies with over $100 million in gross revenues. The sophisticated attacks, believed … Read more

China spy balloon: US Navy has released photographs of debris

US
  • Navy’s elite explosives squad recovered the debris on Sunday.
  • The navy said the debris was dispersed across seven miles.
  • The item will now be analyzed to see whether or not it was surveillance equipment.

The US Navy released images of a possible Chinese spy balloon blown out of the sky on Saturday.

The US Fleet Forces Command shared many photographs on Facebook of the balloon’s debris being loaded into a boat.

According to the article, the sailors who recovered the debris on Sunday were members of the Navy’s elite explosives squad.

The item will now be analyzed to see whether or not it was surveillance equipment.

According to US officials, the balloon is around 200 feet (60 meters) tall, with the payload part equal in size to regional airliners and carrying hundreds, if not thousands, of pounds.

China has constantly stated that the “airship is for civilian use and entered the US due to force majeure – it was completely an accident”.

According to US authorities, the Pentagon attempted to organize a phone contact between Secretary of Defense Lloyd Austin and his Chinese counterpart after the balloon was shot down, but China refused.

“Lines between our militaries are particularly important in moments like this,” defense press secretary Brigadier General Patrick Ryder said in a statement. “Unfortunately, the PRC has declined our request.”

The discovery of the balloon set off a diplomatic crisis, with US Secretary of State Antony Blinken immediately calling off a weekend trip to China – the first such high-level US-China meeting there in years – over the “irresponsible act”.

A day after being shot down by a fighter jet, the balloon was recovered off the coast of Myrtle Beach, South Carolina.

The navy said the debris was dispersed across seven miles (11 kilometers) of the Atlantic Ocean, and two naval ships, including one equipped with a big crane for retrieval, were dispatched to the region. However, the photographs show that the mounds of balloon material may be dragged aboard by hand.

As part of the hunt, the US Navy has also deployed unmanned underwater vehicles.

According to experts, the balloon’s wreckage might give the US with important insight into Chinese aerial surveillance equipment and procedures, allowing them to better understand what the balloon was capable of and how it relayed data.

Efforts to recover the balloon’s equipment, on the other hand, have been hindered by the necessity to protect US troops from potentially hazardous objects such as explosives or battery components.

On Thursday, US defense officials declared that they were tracking the unusual object and would shoot it down once it was safely over the sea.

Footage shown on US television networks showed the balloon crashing into the sea after a tiny explosion.

The Pentagon announced on Friday that a second Chinese surveillance balloon had been sighted over Latin America, with reports of sightings across Costa Rica and Venezuela.

Colombia’s Air Force reports that an identifiable object, thought to be a balloon, was discovered above 55,000 feet in the country’s airspace on 3 February.

It claims it followed the object until it departed the airspace and that it posed no threat to national security.

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China owns balloon over Latin America, claims Beijing

China

China has acknowledged that a balloon sighted over Latin America belongs to them. And was used for flight experiments, but it veered off course due to weather. Beijing has never before acknowledged that the balloon belongs to them. The balloon that was sighted over Latin America’s skies belongs to China and was used for flight … Read more

Mexico’s Smoking Ban: Tougher Restrictions in Public Places

Smoking Ban

The action, which was first authorised in 2021, also forbids tobacco advertising. Mexico has implemented one of the harshest anti-tobacco policies in the world. Mexico is thought to have the most comprehensive and robust legal system. Mexico has implemented one of the harshest anti-tobacco policies in the world by outlawing smoking entirely in public areas. … Read more

Haunting graveyard of ships in Brazil poses environmental threat: Activists

graveyard of ships

A giant, abandoned cargo ship broke free from its moorings. The Sao Luiz is one of the scores of ships abandoned to rust. Scores of ships are now rotting beneath its murky waters. In the middle of November, during a stormy evening, a giant, abandoned cargo ship broke free from its moorings and slowly floated … Read more

Zelensky: Ukraine’s ties to Guatemala serve as a gateway to all of Latin America

Volodymyr Zelenksyy

It is crucial for Ukraine to establish ties with Guatemala since doing so will facilitate ties with the rest of Latin America. Today marked the first President of Guatemala to visit Kiev since we gained our independence. As was mentioned, Volodymyr Zelensky, the president of Ukraine, and Alejandro Giammattei, the leader of the Republic of … Read more

Spain seizes first underwater drug smuggling drones

drug smuggling drones
  • Spanish police seize underwater drones capable of transporting large amounts of drugs from Morocco to Spain.
  • Officers seize three “drone submarines” under construction and arrest eight people in Spain.
  • Police say it is the first time they have seized such devices, officially known as unmanned underwater vehicles.

 

Spanish authorities announced Monday that they had seized three underwater drones capable of transporting large amounts of drugs from Morocco to Spain and had dismantled a gang suspected of manufacturing them.

Officers seized three “drone submarines” under construction and arrested eight people in Spain, according to a police statement.

“The three — two of which were being built and one which was practically completed — were to be delivered to French drug traffickers for transporting large quantities of cocaine,” it said.

Each one could carry up to 200 kilogrammes (440 pounds) of product.

Police said it was the first time they had seized such devices, which are officially known as unmanned underwater vehicles (UUVs).

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Brazil’s Petrobras raises fuel prices

Petrobras

Petrobras, Brazil’s state-owned oil company, announced Friday that it is raising fuel prices. President Jair Bolsonaro reacted angrily saying Petrobras “could sink Brazil in chaos”. Brazil has already seen fuel prices surge by over 33 percent in the past year. Petrobras, Brazil’s state-owned oil company, announced Friday that it is raising fuel prices, infuriating President … Read more

Israel concerned over Iran airlines activities in LatAm

Israel

Israel is “concerned” about two Iranian airlines’ activities in Latin America The Boeing 747 cargo plane has been held at an Argentine airport since last Wednesday. 14 Venezuelan and 5 Iranian crew members have been barred from leaving the country pending investigations. The Israel embassy in Buenos Aires said Thursday it was “concerned” about two … Read more

Brazil inflation dips to 11.73 percent in May

Brazil

The annual inflation rate has dropped to 11.73 percent. The monthly rate came in at 0.47 percent, down sharply from April. The annual rate remains well above the central bank’s target of 3.5 percent. Brazil’s inflation rate fell in May, according to the government, providing some relief to hard-hit consumers, though rising prices continue to … Read more

In order to tackle migration, Kamala Harris supports investment in Latin America

Kamala Harris

“She said during remarks on the second day of the Summit of the Americas, which brings together countries from across the hemisphere. “ Harris stated that she plans to focus her efforts on uplifting women who experience poverty and abuse in their own countries. With her concentration on the region, Harris is following in the … Read more

Brazil unemployment falls to seven-year low

Brazil

Brazil’s unemployment rate fell to 10.5 percent in the three months from February to April, the lowest for the period since 2015. The figure, a 0.7 percentage point drop from the three months to January, was lower than expected, which is good news for Latin America’s largest economy, which has been struggling with slow growth … Read more

Disillusioned and ‘betrayed’, Brazilians flock abroad

flock abroad

SAO PAULO: Brazil’s vibrant mix of business, beaches and carnival has long lured expats from around the world, but a reverse migration is also in effect, as each year thousands of citizens pack up and head for new pastures. High levels of violence, unemployment, inflation and the pandemic are main reasons why Brazilians have left … Read more

Climate change and poverty: the perfect storm

climate change

We often hear that climate change disproportionately impacts the poor and the scenarios are worrisome. For example, climate change will lead to up to a 300 per cent increase in extreme poverty in Latin America and the Caribbean (LAC) by 2030. Beneath this alarming headline, we know that climate-related losses will fluctuate across time and … Read more

Taxes to tackle inequality

Taxes

WASHINGTON: Public debt ratios in Latin America and the Caribbean (LAC) increased by about 10 percentage points of GDP in 2020. With debt service costs rising, countries in the region are under pressure to cut public spending and/or raise taxes, even in the face of widespread needs to respond to the pandemic. Our latest Regional … Read more

IMF pulls out of Brazil after economy minister’s ire

IMF

BRASÍLIA: The International Monetary Fund (IMF) said on Thursday it will close its Brazilian office, a day after receiving harsh criticism from Economy Minister Paulo Guedes over its forecasts for Latin America’s biggest economy. The IMF said it would close its office in Brasilia when the current country representative’s mandate expires on June 30, 2022. The … Read more

Latin America’s largest crypto exchange launches venture capital unit

crypto

RIYADH: Softbank-funded 2TM, owner of the largest cryptocurrency exchange in Latin America, has launched a venture capital unit focusing on blockchain companies around the world, Arab News reported. Brazil-based 2TM, valued at roughly $2.2 billion after the latest $50 million fund-raise, is the holding company of Mercado Bitcoin, with 3.2 million customers as of October 2021. During … Read more

China’s slowdown raises questions for global economy

economy

WASHINGTON: The Chinese economy, weighed down by electricity shortages and a vast real estate crisis, has lost its lustre recently, to the point where economists are starting to question its impact on the global growth it has helped drive for more than 20 years. The difficulties of the real estate sector in China triggered by … Read more

Raisi urges ties among regional states, Latin America 

TEHRAN: Iran’s newly elected President Ebrahim Raisi urged on Thursday cooperation among regional states for peace and security, according to Iran’s presidential website. Raisi made the remarks during meetings with heads of foreign delegations who arrived in the capital Tehran ahead of his swearing-in ceremony. Iran and Turkey have more than neighborly relations. Common beliefs … Read more

Samsung Tops Global Smartphone Market in Q2 2021, Xiaomi Closes In

Samsung Tops Global Smartphone Market in Q2 2021, Xiaomi Closes Up

Samsung topped the global smartphone market yet another time in the second quarter of the year. But the company needs to be aware of Xiaomi as it is getting dangerously close. Apple slipped to the third rank, despite selling 100 million iPhone 12 models since release. According to the latest figures from market research firm … Read more

Coronavirus: Brazil ranks second in terms of deaths

Coronavirus: Brazil ranks second in terms of deaths

Brazil has become the second deadliest country in the world in terms of deaths from the coronavirus. According to the data collected, the global pandemic Coronavirus has killed more than 425,000 people and infected more than 7.6 million worldwide. In the last 24 hours, Brazil’s health ministry stated that Brazil recorded 909 deaths, bringing the … Read more

Chile protests: Emergency extended as protests rage in Santiago

Santiago

11 deaths have been reported in violence against rising living costs in Santiago, Chile. As per the International media sources, Chile’s government has extended a state of emergency to cities in its north and south after at least 11 people died amid violent clashes and arson attacks over the weekend. The Chilean Army General advised … Read more