begins

May 22 (Asia Today) — Samsung Electronics labor unions began voting Thursday on a tentative wage agreement, but sharp divisions between the company’s semiconductor and device divisions are emerging as a major source of tension.

Choi Seung-ho, chairman of the Samsung Electronics branch of the Korean Metal Workers’ Union-affiliated Samsung Group labor organization, said he would hand over 2026 negotiations to the remaining union leadership and seek a confidence vote if the agreement is rejected.

“The union must follow the will of its members,” Choi said. “I will not change my direction.”

Samsung Electronics unions began voting on the tentative agreement at 2:12 p.m. Thursday. The vote will continue through Tuesday.

Attention is focused on whether growing conflict between the semiconductor-focused Device Solutions division and the Device Experience division, which oversees consumer electronics and mobile businesses, could affect the outcome.

Under the tentative agreement, employees in the semiconductor division are expected to receive large performance bonuses. Workers in the nonmemory semiconductor business could receive about 200 million won ($146,000), while memory semiconductor employees could receive up to 600 million won ($437,000).

By contrast, DX division employees are expected to receive company stock worth about 6 million won ($4,400). Additional performance bonuses also appear uncertain due to weaker business results this year.

Labor groups with many DX employees, including the Donghaeng union and the Suwon branch of the National Samsung Electronics Union, strongly criticized the agreement as rushed and overly centered on memory chip workers.

The Donghaeng union also claimed its members were excluded from the vote, raising concerns about voting rights.

The umbrella union organization said voting rights apply only to union members listed as of 2 p.m. Wednesday within labor groups participating in the joint bargaining body.

Donghaeng union officials, however, said the umbrella union had previously told member unions by email that all voting rights would be respected before later reversing its position.

The Donghaeng union reportedly grew from about 2,600 members to 12,000 members, most believed to be from the DX division.

Some DX employees argue the semiconductor division’s current profits were made possible in part because DX business performance supported companywide investment during weaker periods for semiconductors.

Complaints have also continued during negotiations that discussions were centered on the semiconductor division rather than the DX business. Some workers have even filed a court injunction seeking to invalidate the bargaining process.

For the agreement to pass, more than half of eligible union members must participate and a majority of votes cast must support the deal.

Samsung Electronics employs about 77,300 workers in the semiconductor division and about 51,700 in the DX division. The umbrella union has about 57,290 members, while the National Samsung Electronics Union has about 8,176 members.

If the agreement is rejected, negotiations would resume and the possibility of a strike could increase.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260522010006743

SpaceX founder Elon Musk announced plans on Wednesday for one of the biggest stock sales ever, by taking a space company public that is currently losing billions of dollars a year.

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A filing shows that SpaceX lost $2.6 billion (€2.24bn) from operations last year on $18.7 billion in revenue, and the losses continued at the start of this year.

The prospectus did not put a dollar figure on the amount Musk hopes to raise, but various reports have estimated it at around $75bn (€64.5bn). An offering of that size would easily surpass the current title holder, Saudi Aramco, the oil giant that went public seven years ago and raised $26bn (€22.4bn).

SpaceX, formally known as Space Exploration Technologies Corp., said the money will help finance projects to put people on the Moon and Mars, as part of its goal to make humans an interplanetary species in the face of existential threats that could wipe out civilisation.

“We do not want humans to have the same fate as dinosaurs,” the filing states.

The prospectus reads, in part, like a Hollywood-style vision of the future, detailing in one section that part of Musk’s compensation will be granted only if he maintains “a permanent human colony on Mars with at least one million inhabitants.”

Short of that, the stock sale alone could make Musk — the founder and a major shareholder of SpaceX — the world’s first trillionaire. Forbes currently estimates his net worth at $839bn (€722bn), roughly equivalent to Poland’s annual GDP.

Losses mount despite strong revenue and Starlink growth

In addition to making reusable rockets to send astronauts into orbit, SpaceX has other businesses, some successful and others struggling, with plenty of question marks.

The document shows that Starlink, the world’s largest satellite communications company, is a major source of cash, generating $4.4bn (€3.8bn) in operating income last year. The business uses 10,000 satellites in low orbit to provide internet service to 10 million people in 150 countries and territories.

Among the struggling businesses are two Musk ventures recently acquired by SpaceX — his social media platform X, formerly Twitter, and his artificial intelligence firm xAI. Those purchases were criticised by some SpaceX investors as bailouts, as both are significant loss-makers.

The prospectus said its AI business lost $6.4bn (€5.5bn) from operations last year.

The original SpaceX business — building rockets and conducting launches — has benefited from major government contracts, raising questions that could come back to affect the company. Given Musk’s close ties to the Trump administration, government ethics lawyers and watchdogs have questioned whether he received preferential treatment in securing taxpayer-funded contracts, and whether that support will continue once Donald Trump leaves office.

SpaceX has won contracts worth $6bn (€5.2bn) from NASA, the Defence Department and other government agencies over the past five years, according to USAspending.gov. The company noted in its filing that one-fifth of its revenue last year came from the federal government.

Musk was the biggest donor to Trump’s presidential campaign and remains a major backer, despite a sometimes rocky relationship following his role in the government cost-cutting effort known as DOGE early last year.

Musk’s pay tied to ambitious targets as he retains firm control

Like many corporate CEOs, Musk’s compensation goes far beyond his annual salary, which was $54,080 (€46,538.5)in 2025 and has remained unchanged since 2019, according to the filing.

The prospectus says stock grants for him will be divided into 15 nearly equal tranches — 67 million shares each — and will vest only as the company reaches preset market capitalisation targets. In addition to the Mars colony milestone, SpaceX’s market value would need to reach $7.5 trillion (€6.45tr) for him to receive the full award.

He would receive additional stock awards if SpaceX succeeds in deploying giant data centres the size of football fields in space.

The document shows Musk will retain significant control over the business.

It states that he and certain other shareholders will receive shares in a special class of stock that gives them 10 votes per share. These shareholders will be able, among other things, to elect a majority of the company’s board of directors.

“This will limit or preclude your ability to influence corporate matters and the election of our directors,” SpaceX said in a warning to prospective investors.

SpaceX will be able to market the offering to investors — in what is known on Wall Street as a “roadshow” — 15 days after making its prospectus public. In this case, that would be 4 June.

May 19 (UPI) — The National Transportation Safety Board began its two-day hearing on Tuesday on the deadly UPS cargo plane crash in Louisville, Ky., that killed 15 people on Nov. 4.

The NTSB released the agenda of the hearing as soon as it began at 8 a.m. EDT in Washington, D.C. The hearing will continue to 6 p.m. Tuesday, and 8 a.m. to 1 p.m. Wednesday at the NTSB Boardroom and Conference Center in Washington.

The NTSB has investigative hearings to find the facts and circumstances of transportation accidents or incidents under investigation, a press release said. The hearing is open to the public, but only NTSB board members, investigators, witnesses and parties to the hearing are allowed to participate.

The crash is the deadliest in the history of UPS. All three crew members on UPS Flight 2976 died, as well as 12 others on the ground, several of whom were working or shopping at nearby businesses. The crash also injured about 23 others.

The NTSB’s preliminary report showed that fatigued and overly stressed connecting pylons likely caused the left engine to detach from the McDonnell Douglas MD-11. The engine fell from the aircraft as it was taking off from the Louisville Muhammad Ali International Airport. The aircraft crashed into the ground and burst into flames. The fully fueled flight was intended for Honolulu.

The preliminary report said cracks caused by fatigue and signs of excessive mechanical stress were found in the pylon that connected the left engine to the wing. The plane was 34 years old and had recently undergone maintenance in San Antonio.

The engine-mounting hardware was last inspected in October 2021. It wasn’t due for another inspection until the aircraft completed 7,000 more flights, the NTSB said. The preliminary report showed no apparent pilot errors.

The NTSB invited several groups to participate in the hearing: the Federal Aviation Administration, UPS, The Boeing Company, GE Aerospace, Teamsters Airline Division, Independent Pilots Association and Collins Aerospace.

The hearing panel includes accident investigators and engineers. They will hear from nine witnesses on Tuesday. A new panel will hear from four witnesses from the FAA and Boeing on Wednesday.

In January, UPS announced it was retiring all MD-11 planes and was reducing its workforce by 30,000.

SACRAMENTO — Citing reasons financial, emotional and political, hundreds of gays and lesbians around California took advantage of a new law Monday and began the process of registering with the state as domestic partners.

To some it seemed a giant step, to others a baby step, toward full recognition of their relationships.

“We are involved in a commitment with caring and loving and all the things I hear people say about their husbands and wives,” said Sam Catalano, a state employee who hummed the wedding march as he and his partner paid $10 to become registered couple No. 66 at the secretary of state’s office in Sacramento.

“But today I have gained one benefit, and those married couples have 1,400,” he said, citing federal studies that estimate more than 1,000 legal benefits of marriage.

Actually, the legislation signed into law last year by Gov. Gray Davis–AB 26 by Assemblywoman Carole Migden (D-San Francisco)–affords some same-sex couples two benefits: hospital visitation rights (which could otherwise be restricted to family members) and health insurance coverage for the dependents of government employees covered by CalPERS, the state retirement system.

With the new law, California became one of the nation’s pioneers in domestic partner policies. Twelve California cities and four counties, including Los Angeles, have their own policies giving health benefits to domestic partners, as do many corporations.

In Vermont last month, the state Supreme Court ruled that homosexual couples are entitled to all benefits and protections related to marriage. And in October, France became the first European nation to legalize civil solidarity pacts.

Across the country, 30 states have enacted laws to prevent same-sex marriages from being recognized, a Californians will decide on such a proposal in the March 7 primary election.

Tens of thousands of couples are expected to register under the domestic partners law. Same-sex couples are eligible, along with heterosexual couples over age 62, who sometimes hesitate to marry because of potential cuts in their Social Security income.

State analysts have no estimate of how much the registrations will cost the state and local governments.

State construction supervisor Billie Norman has been with her partner, Beverly Thames, for 14 years. Every year she has applied to add Thames to her health plan. Every year her application has been rejected.

“I could marry a man tomorrow and they’d give me insurance for him,” Norman said, flashing one of the matching diamond engagement rings the two wear. “We’re stable, we’re homeowners, we’re civil servants. There ought to be recognition of that.”

The state registration program signals a social shift, Norman said, that inches her and Thames closer to the Elvis-themed wedding they hope to have someday. Similar domestic partner bills passed the Legislature in 1994 and 1998 only to be vetoed by former Gov. Pete Wilson.

In March, California voters will vote on Proposition 22, the Limit on Marriages Act spearheaded by state Sen. Pete Knight (R-Lancaster), which would bar California from recognizing same-sex marriages. No state currently permits same-sex marriage, but some have court cases or legislation pending that could change the situation.

Proposition 22 spokesman Robert Glazier said the campaign has taken no position on domestic partnership registration, but “if someone wants to change marriage in California, they should do it in a very upfront way, not through a back door.”

Members of the “No on Knight” camp that opposes the measure predicted that publicity about partnership registration will work in their favor, highlighting the discrimination they believe gays and lesbians face in California and “how the Knight initiative will further discriminate against them,” said campaign manager Mike Marshall.

A small line of applicants greeted secretary of state employees when they arrived at 8 a.m. Monday to open the special filings desk, which falls under the ironically named “Limited Partnerships” division. All through the day couples wandered in, many having just learned of the opportunity in news accounts over the weekend.

By day’s end, spokesman Shad Balch said 71 couples had registered in Sacramento and at four branch offices around the state and hundreds more had taken out applications.

Among them were retirees and young people, middle class and poor, outspoken and shy. One couple has lived together for 29 years, another for three. For some it was the first official documentation of their relationship, for others one of a series of acknowledgments: city registrations, commitment ceremonies and corporate benefit extensions.

Ken Day, Catalano’s partner, said many gay couples they know are reluctant to even bother with the paperwork, a simple one-page form that can be mailed to the secretary of state but must be notarized.

Some think “it’s unnecessary and derivative,” he said. Others, he said, rolling his eyes, think the very idea is “too heterosexual.” A few were not ready for the commitment, which hinges on a pledge of joint responsibility for living expenses.

Among the many rights the state accords to married people but the new law does not extend to same-sex couples are Social Security benefits, inheritance provisions and health coverage after the death of the state employee. It does not give them any of the tax benefits of marriage, and they will not have the right to make medical decisions for each other.

Nor does the law untangle the complicated and expensive arrangements that gay and lesbian couples with children make to share health benefits with, and legal responsibility for, their children.

California Youth Authority counselor Cathyann Intemann spent $4,700 to adopt her partner’s daughter so she could count her as a dependent for her state health benefits. The couple rejoiced on learning Sunday that the new law would take effect in time to cover their second child, due this spring.

Intemann’s partner is a stay-at-home mother who estimated that she pays at least $3,000 a year for her own health insurance. “The bottom line is this saves us money in our household,” Intemann said.

(BEGIN TEXT OF INFOBOX / INFOGRAPHIC)

How to Register

The secretary of state’s office recommends that domestic partners mail registration forms to the Sacramento office, P.O. Box 944225, Sacramento, CA 94244-2250. Both partners’ signatures must be notarized and a fee of $10 enclosed. Forms are available at county clerks’ offices and online at https://www.ss.ca.gov, and can be filed in person at the secretary of state’s offices in these cities:

* Fresno: 2497 West Shaw Ave., Suite 101

* Los Angeles: 300 South Spring St., Room 12513

* San Diego: 1350 Front St., Suite 2060

* San Francisco: 455 Golden Gate, Suite 7300

The Great British Bake Off host Alison Hammond appeared on ITV’s Lorraine on Monday

A Great British Bake Off star has opened up about Nigella Lawson’s chemistry with Paul Hollywood.

Nigella has taken over from Prue Leith as the latest judge, where she will join Paul, Alison Hammond and Noel Fielding in the tent for the upcoming season that’s set to air later this year.

Alison appeared on ITV’s Lorraine on Monday (May 4), where she spoke to Lorraine Kelly about the new series, which has begun filming.

Lorraine said: “There’s a new judge. How’s that all going? Have you met up?”

Alison replied: “She’s so lovely. Nigella is incredible. Obviously we’ve started, so I’ve been watching.”

She added: “I’m telling you, the chemistry between her and Paul is unbelievable,” before clarifying: “Not in that sort of way!”

A picture of Paul and Nigella was then shown on screen, with Alison saying: “Don’t they look good looking?”

Lorraine jokingly added: “Do you know what, that looks like a crime scene, doesn’t it?!”

Alison continued: “But honestly, they’re so good together! I’ll be honest with you, they don’t always agree – it’s so good,” with Lorraine concluding: “No, that’s fine, and that works.”

Prue Leith announced her exit from the hit competition back in January after nine years. The 85-year-old restaurateur and broadcaster first joined the series in 2017 when it moved from the BBC to Channel 4, and has been a beloved fixture on it ever since.

In a statement, she said: “Bake Off has been a fabulous part of my life for nine years. I have genuinely loved it and I’m sure I’ll miss working with my fellow judge Paul, Alison and Noel, and the teams at Love Productions and Channel 4.”

Speaking about stepping into Prue’s shoes, Nigella said: “I’m uncharacteristically rather lost for words right now. Of course it’s daunting to be following in the footsteps of Prue Leith and Mary Berry before her, great dames both, but I’m also bubbling with excitement.”

She added: “The Great British Bake Off is more than a television programme, it’s a National Treasure – and it’s a huge honour to be entrusted with it.

“I’m just thrilled to be joining the team and all the new bakers to come, I wish the marvellous Prue all the best, and am giddily grateful for the opportunity!”

The Great British Bake Off returns to Channel 4 later this year

The collapse of the US-based budget carrier due to a doubling in jet fuel prices will cost thousands of jobs.

Low-cost US carrier Spirit Airlines has said that all of its flights have been cancelled as it started an “orderly wind-down of operations,” after a potential White House bailout fell through.

“Spirit Aviation Holdings, Inc., parent company of Spirit Airlines … today regretfully announced that the Company has started an orderly wind-down of operations, effective immediately. All Spirit flights have been cancelled, and Spirit Guests should not go to the airport,” the airline said in a statement in the early hours of Saturday.

Spirit had 4,119 domestic flights scheduled between May 1 and May 15, offering 809,638 seats, according to the latest data from Cirium.

The collapse of the carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. It is also a blow to US President Donald Trump, who had proposed $500m to save Spirit despite opposition from some of his closest advisers and many Republicans in Congress.

Spirit had reached a deal with its lenders that would have helped it emerge from its second bankruptcy by late spring or early summer. But those plans derailed after the US war on Iran triggered a spike in jet fuel prices, upending Spirit’s cost projections and complicating its bankruptcy exit.

A Spirit board meeting had ended without an agreement to rescue the company, a person close to the discussions told the Reuters news agency late on Friday.

“Unfortunately, despite the Company’s efforts, the recent material increase in oil prices and other pressures on the business have significantly impacted Spirit’s financial outlook,” Spirit said in a statement announcing its “orderly wind-down”.

Trump on Friday said the White House had given Spirit and its creditors a final rescue proposal, after talks hit an impasse over a $500m financing package that would have helped the airline keep operating through bankruptcy.

“If we can help them, we will, but we have to come first,” Trump told reporters. “If we could do it, we’d do it, but only if it’s a good deal.”

Spirit’s restructuring plan assumed jet fuel costs of about $2.24 a gallon in 2026 and $2.14 in 2027, but prices had climbed to about $4.51 a gallon by the end of April, leaving the carrier unable to survive without new financing.

Transportation Secretary Sean Duffy told Reuters he had tried to get many airlines to buy Spirit but found no takers. “What would someone buy?” Duffy asked. “If no one else wants to buy them, why would we buy them?”

A creditor close to the deal said, “The Trump administration made an extraordinary effort to try and save Spirit, but you can’t breathe life into a corpse. Given that, the company should make its intentions clear for the sake of its customers and employees.”

No US carrier of Spirit’s size – it accounted for 5 percent of US flights at one point – has liquidated in two decades. Spirit helped keep fares lower in markets where it competed against major carriers.

Its collapse shows how the Iran war’s fuel-price shock has exposed weaker airlines. Across the globe, airlines have been increasing prices to reflect the high cost of jet fuel and some airlines have also cut flights.

German airline Lufthansa last month said it cancelled 20,000 flights in a bid to protect itself from the soaring cost of oil.

On Friday, Indian carrier Air India also said it has increased fuel surcharges on all flights and said it will cut 100 flights a day across domestic and international routes.

Ukraine used its latest technology to deepen strikes against Russian oil storage, ports and refineries in the past week, bombing targets in the Urals 1,600 kilometres (990 miles) from its borders and prompting protests about “terrorist attacks” from the Kremlin spokesman.

President Volodymyr Zelenskyy on Wednesday announced “a new stage in the use of Ukrainian weapons to limit the potential of Russia’s war”.

The Ukraine Security Service (SBU) later clarified it had struck Transneft’s oil pumping and distribution facility in the city of Perm that day, from where oil was pumped to the Perm refinery and via pipeline in four directions across Russia.

The facility is “a strategically important hub of the main oil transportation system”, said the SBU, and preliminary information suggested that “almost all oil storage tanks are on fire”.

Russia’s Ministry of Defence confirmed the strike and said it had downed 98 Ukrainian UAVs across various regions.

“The Urals are now within reach, be vigilant,” wrote Russia’s presidential envoy to the region, Artem Zhoga.

Ukraine’s campaign has begun to elicit reactions from the Russian government.

Kremlin spokesman Dmitry Peskov called the attacks on oil facilities “terrorist attacks”.

A Russian Defence Ministry announcement – that military cadets and a column of equipment would not take part in this year’s Victory Day parade commemorating the end of World War II “due to the current operational situation” – was also widely interpreted as a precaution against potential Ukrainian drone strikes.

Ukraine’s strikes are part of a strategy of depriving Russia of windfall profits from soaring oil prices due to the closure of the Strait of Hormuz.

Zelenskyy said Russian internal documents seen by his foreign intelligence service admitted that Ukraine had deprived oil offloading ports of much of their capacity.

Primorsk and Ust-Luga on the Baltic Sea had lost 13 percent and 43 percent of capacity, respectively, and the Black Sea port of Novorossiysk 38 percent.

“We believe that such internal Russian data may be underestimated,” Zelenskyy said.

The internal figures roughly agree with a Reuters March estimate that Russia had lost approximately 40 percent of its export capacity.

That translated into revenue losses of $2.3bn in March, Zelenskyy estimated.

The Institute for the Study of War, a Washington-based think tank, said that Ukraine had likely conducted at least 18 strikes against Russian oil infrastructure in April.

Kyiv’s attacks have been “steadily increasing the range, volume, and intensity” with “outsized impacts on Russian oil exports”.

Ukraine struck other oil and military targets during the past week.

On April 23, it damaged three storage tanks at the Gorky oil pumping station in Nizhny Novgorod and struck the Novokuibyshevsk petrochemical plant in Samara.

The next day, it destroyed two production facilities at the Atlant-Aero factory in Taganrog, Rostov, which builds the Molniya drones used to attack Ukrainian cities.

On Sunday, Ukraine struck the Yaroslavl oil refinery, and on Tuesday, they struck the Tuapse oil refinery on the Black Sea for the third time this month. Even before this latest strike, at least 24 oil storage tanks at the site had been destroyed, said Ukraine’s head of the Center for Countering Disinformation, Andriy Kovalenko.

Russian President Vladimir Putin dispatched his Civil Defence, Emergencies, and Disaster Relief minister, Alexander Kurenkov, to oversee the response personally.

An emerging air power

Ukraine has been developing its own long-range strike capabilities and devotes 20 percent of its defence resources to new technologies, said Defence Minister Mykhailo Fedorov.

One of its leading drone manufacturers, Wild Hornets, recently said a drone operator had used its remote piloting system to fly a Sting interceptor drone at a distance of 2,000km (1,240 miles).

On April 23, Fedorov said Ukraine had successfully tested remote control technology that enabled pilots to operate from the relative safety of Kyiv or Lviv, “at distances of hundreds and thousands of kilometres”.

Ukraine is now touting its battlefield innovations in Saudi Arabia, Qatar and the United Arab Emirates in the wake of Iran’s attack on the Gulf nations.

Zelenskyy met Saudi Crown Prince Mohammed Bin Salman in Riyadh on April 24 to discuss “the export of our Ukrainian security expertise and capabilities in air defence”.

Days later, he said Kyiv produces as many as twice the number of certain types of weapons as the military needed, and that “Ukrainian companies will get a real opportunity to enter the markets of partner countries, provided that our military have the right to take the necessary amount of weapons first”.

The burgeoning relationship with the Gulf, he said, had invoked Moscow’s concern.

“Russia is particularly irritated by our contacts in the Middle East and the Gulf region,” he told Ukrainians on Wednesday.

More surprisingly, he said some allies, too, were irritated by the competition.

“We are also aware of the complex attitude of some of our other partners towards this – partners who would prefer to limit our state’s independence,” Zelenskyy said in an evening video address. “We consider this their mistake.

Mérida, April 20, 2026 (venezuelanalysis.com) – The Venezuelan government launched a “Great National Pilgrimage” to oppose economic sanctions on Sunday, April 19, coinciding with the 216th anniversary of the country’s declaration of independence.

The nationwide mobilization seeks to channel popular opposition to the US-led economic blockade into a sustained, nationwide movement. 

The pilgrimage was inaugurated in three Venezuelan regions, with a calendar of marches, assemblies, and cultural activities covering the remaining 21 states before a closing event in Caracas on April 30. 

In western Zulia state, Acting President Delcy Rodríguez led a rally through the streets of Maracaibo. Addressing a crowd, Rodríguez linked the historical struggle for independence to the modern-day resistance against Washington’s unilateral coercive measures.

“It is a date that marks the first cry for independence from a united people, and so, beginning with that historic date, I feel compelled to embark on this pilgrimage,” she declared to the crowd.

Venezuelan leaders have sought to highlight the impact of unilateral coercive measures on living standards and public services to push for their withdrawal.

“We want Venezuela to be free of sanctions, so that it can grow without restrictions,” Rodríguez affirmed at the Zulia rally. “I am speaking to the people of the United States, Europe, and the governments of those countries. Please stop levying sanctions against the Venezuelan people.”

In Puerto Ayacucho, Amazonas, National Assembly President Jorge Rodríguez led a parallel mobilization on Sunday. He emphasized that the pilgrimage is not merely a political event but a “spiritual and national defense” of the country’s right to self-determination. The campaign’s launch in border states highlighted the disruptions to public services that are generally more acute away from the capital and surrounding areas.

The government’s initiative was also backed by sectors of the moderate opposition. Timoteo Zambrano, deputy from the Democratic Alliance, vowed that his political faction would participate in the pilgrimage.

“[Pilgrimage] is a deeply religious term that unites the world’s religions. We are witnessing a new moment to fight together against sanctions and the blockade,” he said in a press conference in Caracas on Saturday.

For his part, Acción Democrática Secretary-General Bernabé Gutiérrez claimed that Caracas must ask the Trump administration to release proceeds from oil exports “so they reach the state coffers and allow for the solution of our problems.” 

Since January, the White House has imposed control over Venezuelan crude sales, with Venezuela-owed royalties, taxes, and dividends mandated to be deposited in US Treasury-run accounts before being returned to Caracas at US officials’ discretion.

The “Great National Pilgrimage” takes place against a backdrop of nearly a decade of economic pressure from Washington. The first Trump administration launched a “maximum pressure” campaign in 2017 with the goal of triggering regime change.

US Treasury sanctions targeted multiple economic sectors, from mining to banking, and particularly targeted the oil industry, causing an estimated US $25 billion in yearly revenue losses. The blockade also effectively gridlocked Venezuela from international credit markets and saw Venezuelan foreign assets frozen and seized. 

Since the January 3 US military attacks and kidnapping of President Nicolás Maduro, Caracas and Washington have fast-tracked a diplomatic rapprochement. Acting President Rodríguez has struck a conciliatory tone toward the US, recently thanking Trump and US officials for their efforts in reestablishing “cooperation.”

The US Treasury Department has maintained wide-reaching sanctions in place but issued a series of general licenses in the hydrocarbon, mining, and banking sectors, allowing Western entities to deal with Venezuelan counterparts under restricted conditions.

Edited by Ricardo Vaz in Caracas.

April 18 (UPI) — On this date in history:

In 1506, the cornerstone was placed for St. Peter’s Basilica in Rome.

In 1775, U.S. patriot Paul Revere began his famous ride through the Massachusetts countryside, crying out “The British are coming!” to rally the minutemen.

In 1906, an earthquake estimated at magnitude-7.8 struck San Francisco, collapsing buildings and igniting fires that destroyed much of what remained of the city. Researchers and historians concluded that about 3,000 people died in the quake and its aftermath, and roughly 250,000 were left homeless.

In 1912, three days after the sinking of Titanic, her survivors arrived in New York City aboard the RMS Carpathia.

In 1923, the original Yankee Stadium opened in New York. The stadium was demolished in 2010 after it was replaced a year prior by the new Yankee Stadium.

File Photo by Monika Graff/UPI

In 1942, Lt. Col. James Doolittle led a squadron of B-25 bombers in a surprise raid against Tokyo in response to the Japanese sneak attack on Pearl Harbor on Dec. 7, 1941.

In 1945, U.S. journalist Ernie Pyle, a popular World War II correspondent, was killed by Japanese machine-gun fire on the island of Ie Shima in the Pacific.

In 1949, the Republic of Ireland formally declared itself independent from Britain.

In 1968, McCulloch Oil Corp. paid $2.24 million to buy London Bridge, which was sinking into the Thames under the weight of 20th century traffic. The oil company rebuilt the bridge bloc by block over Lake Havasu in Arizona.

In 1980, Rhodesia became the independent African nation of Zimbabwe.

In 1983, the U.S. Embassy in Beirut, Lebanon, was severely damaged by a car-bomb explosion that killed 63 people, including 17 Americans.

In 1992, an 11-year-old Florida boy sued to “divorce” his natural parents and remain with his foster parents. The boy eventually won his lawsuit.

In 2002, former U.S. Sen. Bob Kerrey, D-Neb., revealed that at least 13 civilians were killed by his U.S. Navy unit in a Vietnamese village in 1969.

File Photo by Ezio Petersen/UPI

In 2007, more than 125 people were killed in a suicide car-bomb explosion near a Baghdad market.

In 2014, an avalanche on what is known as a particularly dangerous route to the top of Mount Everest in the Himalayas killed 16 Sherpa guides.

In 2018, the first movie theaters in Saudi Arabia opened with a public screening of Black Panther.

In 2024, police arrested more than 100 protesters at Columbia University for refusing to leave a large pro-Palestinian encampment on campus. The incident sparked more protests at the school and other campuses across the country.

File Photo by John Angelillo/UPI