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Colombian President Gustavo Petro has asserted that "cocaine is no worse than whiskey" in advocating for the worldwide legalization of the drug, which he suggests would "easily dismantle" the global cocaine industry. Petro's remarks come as Colombia, the world’s top producer and exporter of cocaine, grapples with the ongoing challenge of combating drug trafficking.

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A diplomatic row erupted between Panama and the United States on Thursday when Panama's President José Raúl Mulino forcefully rejected U.S. State Department claims about free passage through the vital Panama Canal. The dispute highlights growing tensions over control and operation of one of the world's most strategic waterways.

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A cryptocurrency endorsement by Argentine President Javier Milei has erupted into a major political crisis, triggering impeachment calls and criminal complaints against the controversial leader. On Friday evening, Milei promoted the $Libra cryptocurrency token to his 3.8 million X followers, claiming it would boost Argentina's economy by funding small businesses and entrepreneurs.

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In a diplomatic pushback, Mexico's President Claudia Sheinbaum has contested Google's decision to rename the Gulf of Mexico as the Gulf of America in compliance with an executive order from former U.S. President Donald Trump. The rebranding on Google Maps was announced earlier this week, sparking criticism and concerns over sovereignty.

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Mexico's economy contracted for the first time in three years during the fourth quarter of 2024, according to official data released Thursday. The 0.6% GDP decline from the previous quarter, reported by INEGI, comes as the country anticipates potential tariffs from the US under President Donald Trump. This marks the first such downturn since 2021.

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