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Chile’s former president Sebastian Pinera dies in helicopter crash

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Chilean ex-President Sebastian Pinera died in a helicopter crash on Tuesday, sending the country he led for two terms into mourning and prompting an outpouring of condolences from leaders across Latin America, Reuters reported.

The helicopter carrying Pinera, 74, and three others plunged into a lake in southern Chile. The former president was pronounced dead shortly after rescue personnel arrived at the scene. The other three passengers survived.

Two sources told Reuters Pinera was the pilot, although officials have not confirmed that, nor the helicopter’s intended destination.

Pinera often spent the Southern Hemisphere summers near the picturesque lakes that dot Chile’s south, and frequently piloted his own helicopter.

President Gabriel Boric declared three days of national mourning, while preparations have begun for a state funeral on Friday for the former leader, who served two non-consecutive terms between 2010 and 2022.

Interior Minister Carolina Toha said the ex-president’s body had been recovered from the lake, near the town of Lago Ranco, read the report.

“We remember him for the way he dedicated his life to public service,” said Toha, who has been helping to lead efforts to battle deadly wildfires in recent days.

Pinera was perhaps best known abroad for his role overseeing the spectacular rescue in 2010 of 33 miners who were trapped underneath the Atacama desert. The event became a global media sensation and was the subject of a 2014 movie, “The 33.”

In Chile, he was known as a successful businessman whose first term was boosted by rapid economic growth but who was often seen as out-of-touch with the country’s fast-changing society.

Both his presidencies were marred by frequent protests – of students demanding education reform in the first term, and of wider and often violent protests against inequality in his second term that ended with the government promising to draft a new constitution.

After leaving the presidency, Pinera remained active in politics, speaking out on issues like the attempt to draft a new constitution – which ultimately failed – and backing conservative politicians in the region, including Argentine President Javier Milei.

Former Argentine President Mauricio Macri expressed his sadness at the news of Pinera’s death. “He was a good person, committed like no one else to Chile and to the values of freedom and democracy in Latin America,” he said.

The son of a prominent centrist politician, Pinera was a Harvard-trained economist who made his fortune introducing credit cards to Chile in the 1980s.

He was also a major shareholder in the flagship airline formerly known as LAN, local soccer team Colo-Colo, and a television station, although he sold most of those holdings when he took over the presidency in March 2010. As of 2024, he was ranked 1,176 on Forbes’ global rich list, with a net worth of $2.7 billion, Reuters reported.

Known for a driven and competitive personality, one friend described Pinera as someone who could be a bully, reluctant to delegate responsibility.

He was also a risk-taker who enjoyed deep-sea diving.

Running for election to the presidency after a spell as a center-right senator, he wooed moderate voters by portraying himself as the leader of a new right and an entrepreneur who made his fortune with hard work.

At the same time, he distanced himself from the 1973-1990 rule of General Augusto Pinochet, when more than 3,000 suspected leftists were killed or “disappeared.”

He lost his first attempt at the top job in 2005 to popular center-left leader Michelle Bachelet, but she was barred constitutionally from running for a second consecutive term and in 2009 he beat ex-president Eduardo Frei by a small margin.

That ended the 20-year rule of the center-left and fended off the bitter memories of Pinochet’s bloody dictatorship that had hurt the right in past elections.

His honeymoon with the electorate was short-lived, though, and his stiff manner contrasted with the more amiable Bachelet, who both preceded and succeeded him as president.

Despite plaudits for his government’s economic record, many Chileans felt he did not do enough to tackle deep inequality or address inadequacies in the country’s education system.

Pinera and his wife Cecilia Morel had four children.

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US hits Daesh in Syria with large retaliatory strikes, officials say

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The U.S. military launched large-scale strikes against dozens of Daesh targets in Syria on Friday in retaliation for an attack on American personnel, U.S. officials said.

A U.S.-led coalition has been carrying out airstrikes and ground operations in Syria targeting Islamic State suspects in recent months, often with the involvement of Syria’s security forces, Reuters reported.

President Donald Trump had vowed to retaliate after a suspected ISIS attack killed U.S. personnel last weekend in Syria.

Defense Secretary Pete Hegseth said the strikes targeted “ISIS fighters, infrastructure, and weapons sites” and that the operation was “OPERATION HAWKEYE STRIKE.”

“This is not the beginning of a war — it is a declaration of vengeance,” Hegseth said. “Today, we hunted and we killed our enemies. Lots of them. And we will continue,” he added.

Trump said on social media that the Syrian government fully supported the strikes and that the U.S. was inflicting “very serious retaliation.”

U.S. Central Command said the strikes hit more than 70 targets across central Syria, adding that Jordanian fighter jets supported the operation.

One U.S. official said the strikes were carried out by U.S. F-15 and A-10 jets, along with Apache helicopters and HIMARS rocket systems.

Syria reiterated its steadfast commitment to fighting Daesh and ensuring that it has “no safe havens on Syrian territory,” according to a statement by the foreign ministry.

Two U.S. Army soldiers and a civilian interpreter were killed on Saturday in the central Syrian town of Palmyra by an attacker who targeted a convoy of American and Syrian forces before being shot dead, according to the U.S. military. Three other U.S. soldiers were also wounded in the attack.

About 1,000 U.S. troops remain in Syria.

The Syrian Interior Ministry has described the attacker as a member of the Syrian security forces suspected of sympathizing with Daesh.

Syria’s government is led by former rebels who toppled leader Bashar al-Assad last year after a 13-year civil war, and includes members of Syria’s former Al Qaeda branch who broke with the group and clashed with Daesh.

Syria has been cooperating with a U.S.-led coalition against Daesh, reaching an agreement last month when President Ahmed al-Sharaa visited the White House.

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EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets

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European Union leaders decided on Friday to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.

“Today we approved a decision to provide 90 billion euros to Ukraine,” EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels, Reuters reported. “As a matter of urgency, we will provide a loan backed by the European Union budget.”

The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilised assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.

The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary’s Russia-friendly Prime Minister Viktor Orban had opposed it. But Hungary, Slovakia and the Czech Republic agreed to let the scheme go ahead as long as it did not impact them financially.

The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine. If Moscow ever takes such a step, Ukraine could then use they money to pay back the loan.

USE OF RUSSIAN ASSETS TO COMPLEX AT THIS STAGE

“This is good news for Ukraine and bad news for Russia and this was our intention,” German Chancellor Friedrich Merz said.

The stakes for finding money for Kyiv were high because without the EU’s financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.

The decision follows hours of discussions among leaders on the technical details of an unprecedented loan based on the frozen Russian assets, which turned out to be too complex or politically demanding to resolve at this stage.

The main difficulty was providing Belgium, where 185 billion euros of the total Russian assets in Europe are held, with sufficient guarantees against financial and legal risks from potential Russian retaliation for the release of the money to Ukraine.

“There were so many questions on the Reparations Loan, we had to go to Plan B. Rationality has prevailed,” Belgian Prime Minister Bart De Wever told a news conference. “The EU has avoided chaos and division and remained united,” he said.

HUNGARY SCORES A WIN

With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.

Using the latter option allowed Orban to claim a diplomatic victory.

“Orban got what he wanted: no reparation loan. And EU action without participation of Hungary, Czech Republic and Slovakia,” one EU diplomat said.

‘CAN’T AFFORD TO FAIL’

Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years. They were also keen to show European countries’ strength and resolve after U.S. President Donald Trump last week called them “weak”.

“We just can’t afford to fail,” EU foreign policy chief Kaja Kallas said.

Ukrainian President Volodymyr Zelenskiy, who took part in the summit, urged the bloc to agree to use the Russian assets to provide the funds he said would allow Ukraine to keep fighting.

“The decision now on the table – the decision to fully use Russian assets to defend against Russian aggression – is one of the clearest and most morally justified decisions that could ever be made,” he said.

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US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports

A State Department spokesperson told Reuters it does not preview sanctions.

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The United States is preparing a further round of sanctions targeting Russia’s energy sector to increase pressure on Moscow should it reject a peace deal with Ukraine, Bloomberg News reported on Wednesday, citing people familiar with the matter.

A White House official told Reuters that U.S. President Donald Trump had made no new decisions regarding Russian sanctions.

 “It is the role of agencies to prepare options for the president to execute,” the official said.

Bloomberg had reported the U.S. was considering options including targeting vessels in what is known as Russia’s shadow fleet of tankers used to transport exported oil, as well as traders who facilitate such transactions.

The new measures could be announced as early as this week, the report said, adding that Treasury Secretary Scott Bessent discussed the move with a group of European ambassadors this week.

“It is explicitly false to conclude any decisions have been made regarding future sanctions against Russia. As we have said for months, all options remain on the table in support of President Trump’s tireless efforts to stop the senseless killing, and to achieving a lasting, durable peace,” a U.S. Treasury Department spokesperson said.

A State Department spokesperson told Reuters it does not preview sanctions.

Asked about the Bloomberg article, the Kremlin said it had not seen the report but that any sanctions harm efforts to mend U.S.-Russia relations.

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