press

A new report has expressed alarm at what it describes as backsliding press freedoms across the Americas, with the United States seeing the steepest decline.

The Inter American Press Association (IAPA) released its latest press freedom index on Tuesday, ranking last year as the lowest point for freedom of expression since the report began in 2020.

Researchers found that the Americas have experienced a “dramatic deterioration” in unrestricted speech, according to the report.

“This is one of the worst years for journalism in the region, marked by murders, arbitrary arrests, exile, and rampant impunity in countries such as Mexico, Honduras, Ecuador, Nicaragua, El Salvador, Guatemala, Colombia, Cuba, and Venezuela,” the report said.

It added that enhanced restrictions on free speech have occurred in countries of various ideological persuasions, whether right-wing or left-wing.

The US, however, was singled out as an area of “alarming decline”. In a ranking of 23 countries across the hemisphere, the US dropped from fourth place to 11th, indicating that journalists operate with increased restrictions.

Changes under President Donald Trump, who returned to office last year, were cited as a primary factor.

“Even though journalistic practice in the United States remains protected by the Constitution and laws, last year’s events saw the erosion of safeguards,” the report explained.

Trump, it said, had contributed to the “stigmatisation of critical journalism”. The report also pointed to developments like cuts to public media funding and the closure of Voice of America, a government-funded broadcaster, as detriments to the free press.

In total, the report tallied 170 attacks against journalists in the US last year, and it cited interactions with federal immigration agents as an area of concern.

The report also noted that Nicaragua and Venezuela continue to rank as “without freedom of expression”.

In Venezuela’s case, for instance, it cited the closure of more than 400 radio stations and the detention of 25 journalists in the wake of the controversial 2024 presidential election.

On a scale of 100, the report ranked press freedom in the country at 7.02. It remains in last place on the report’s list of 23 countries.

El Salvador also dropped in the index’s latest evaluation, now in 21st position on the press freedom list, just ahead of Nicaragua and Venezuela.

In an accompanying statement, Sergio Arauz, the president of the Association of Journalists of El Salvador (APES), denounced what he called the “escalating repression” under the government of President Nayib Bukele.

Arauz noted that 50 Salvadoran journalists had been pushed into exile in the last year amid a campaign of harassment by the government.

“There are no possibilities of practicing journalism fully without facing consequences when there is an Executive branch with virtually unlimited powers and no effective legal oversight,” said Arauz.

Since 2022, Bukele and his government have placed the country under a state of emergency that suspended key civil liberties and granted wide latitude to state security forces, in the name of addressing crime.

Tuesday’s report pointed to the state of emergency as a factor in undermining free speech, and also cited El Salvador’s new Foreign Agents Law, which gives the government the power to dissolve organisations that receive funding from abroad.

El Salvador is one of eight nations categorised in the index as “high restriction”, along with Ecuador, Bolivia, Honduras, Peru, Mexico, Haiti and Cuba.

The Dominican Republic, Chile, Canada and Brazil were ranked among the highest for protecting press freedoms.

Surprise ruling comes weeks after the media mogul was convicted and jailed for 20 years on national security charges.

A Hong Kong appellate court has overturned a fraud conviction against pro-democracy media tycoon Jimmy Lai in a surprise ruling weeks after his jailing for 20 years on a separate national security charge.

The ruling by the Court of First Instance on Thursday said that it allowed the appeal from Lai and ⁠another defendant in the case to proceed as a lower court judge had “erred”.

“[We] allow the appeals, quash the convictions and set aside the sentences,” the judges wrote.

The conviction that was overturned was from an earlier fraud case in which prosecutors alleged that a consultancy firm operated by Lai, 78, for his personal use had taken up office space that his now defunct media business – Apple Daily – rented for publication and printing purposes.

This was in breach of the terms of the lease Apple Daily signed with a government company and amounted to fraud, prosecutors said.

Lai had been sentenced to five years and nine months in prison in 2022 on the two fraud charges.

Former Apple Daily executive Wong Wai-keung was also charged in the same case and jailed for 21 months.

Judges at the Court of Appeal wrote in their judgement that while Apple Daily Printing had breached the lease terms by allowing the firm to use part of the space, it didn’t owe a duty to disclose its breach. They said even if it had owed and breached that duty, the same could not be attributed to Lai and Wong as a matter of law.

The trial judges’ “reasoning in concluding that the applicants were liable for the concealment as the prosecution contended is unsupportable”, they said.

Neither defendant appeared in court.

The ruling would slightly reduce Lai’s total prison time. The judges handling Lai’s national security case allowed the two sentences to be served concurrently for only two years, with the other 18 years to be added after the fraud sentence.

The lengthy sentence – over ‌two counts of conspiracy to collude with foreign forces and one for publishing seditious materials – has raised concerns that he could spend the rest of his life in prison.

Lai’s children have expressed hopes that a visit by United States President Donald Trump to Beijing could help secure the release of their father, a British citizen. The White House has confirmed that Trump will travel to China on March 31 through April 2 to meet Chinese leader Xi Jinping.

United Kingdom Foreign Secretary Yvette Cooper has said Lai was sentenced for exercising his right to freedom of expression and called on the Hong Kong authorities to release him on humanitarian grounds.

Chinese and Hong Kong authorities have defended Lai’s sentencing in the national security case, saying it reflected the spirit of the rule of law. They also insisted the security law is necessary for the city’s stability.

In a separate ruling on Thursday, a Hong Kong court sentenced the father of a wanted pro-democracy activist to eight months in prison under the city’s national security law for attempting to withdraw funds belonging to an “absconder”.

Kwok Yin-sang, 69, was found guilty on February 11 for “attempting to deal with, directly or indirectly, any funds or other financial assets or economic resources” after he tried to terminate his daughter Anna Kwok’s insurance policy and withdraw the funds.

He is the first person in the city to be charged and convicted of the offence.

He had pleaded not guilty and did not testify at the trial.

Global Finance has named the 27th annual World’s Best Investment Banks in an exclusive report to be published in the April 2026 print and digital editions, as well as online at GFMag.com. 

Goldman Sachs has been chosen as the Best Investment Bank in the World for 2026.

This year, for the first time, Global Finance has chosen Sector Award Winners by Region where outstanding organizations deserved recognition

“The investment banking sector remains resilient with selective deal-making strength and advisory growth, even as it grapples with persistent macroeconomic headwinds, regulatory scrutiny, and evolving market conditions that are reshaping how firms compete and innovate,” said Joseph D. Giarraputo, founder and editorial director of Global Finance. “The 2026 World’s Best Investment Bank honorees are the organizations that best serve their clients by pairing trusted advice and global reach with innovation and disciplined execution, while setting the standard for excellence, resilience, and leadership across the global investment banking landscape.” 

Winners will be honored at Global Finance’s 2026 Investment Bank and Sustainable Finance Awards Ceremony on April 21st in London at Landing 42.

Global Finance editors, with input from industry experts, used a series of criteria to score and select winners, based on a proprietary algorithm. These criteria include: entries from banks, market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings, and market reputation. Deals announced or completed in 2025 were considered.

For editorial information please contact: Andrea Fiano, editor, email: afiano@gfmag.com
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