World
Peru presidential candidate charged with financial crimes
Prosecutor calls for leftist candidate to be jailed for five years and four months over false financial disclosures.
Published On 13 May 2026
Peru’s public prosecutor’s office has accused leftist presidential candidate Roberto Sanchez of financial crimes, calling for him to be imprisoned for five years and four months.
The charges, unsealed on Tuesday, came hours after electoral authorities confirmed Sanchez was on track to advance to the country’s presidential run-off, scheduled for June 7.
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According to the El Comercio newspaper, prosecutors allege that Sanchez, who is the candidate of the Juntos por el Peru (Together for Peru) party, filed false financial disclosures with the National Office of Electoral Processes related to campaign contributions between 2018 and 2020.
Prosecutors say Sanchez and his brother, William Sanchez, received more than 280,000 Peruvian soles ($81,720) in contributions and membership fees that were never disclosed in the party’s financial filings.
Sanchez is also accused of making false statements in administrative proceedings.
In addition to the jail term, prosecutors were also seeking a “permanent disqualification” of Sanchez from holding the office of president for the Juntos por el Peru party, according to El Comercio.
Sanchez’s lawyer rejected the accusations, telling local outlet RPP that the party’s treasurer, not Sanchez, was responsible for its financial filings.
A judge is expected to decide on May 27 whether the case will go to trial.
The charges emerged as vote counting from last month’s first-round election showed Sanchez advancing to a run-off against conservative rival Keiko Fujimori.
With 99.76 percent of ballots counted, Fujimori, the daughter of late former President Alberto Fujimori and a four-time presidential candidate, held a commanding lead with 17.17 percent of the vote.
Sanchez, running with the backing of jailed former President Pedro Castillo, stood at 12 percent, narrowly ahead of ultra-conservative former Lima Mayor Rafael Lopez Aliaga at 11.91 percent, a margin of roughly 15,000 votes.
The final result is expected by May 15.
World
Trump faces split among retired US commanders over whether to resume Iran strikes
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President Donald Trump said the ceasefire with Iran is on “massive life support,” as retired U.S. commanders and national security experts are increasingly split whether Washington should resume military operations against Tehran or avoid what critics warn could become another prolonged Middle East conflict.
“I would say the ceasefire is on massive life support,” Trump told reporters Monday. “Where the doctor walks in and says, ‘Sir, your loved one has approximately a 1% chance of living.’”
Trump also dismissed Iran’s latest response to a proposed agreement as “a piece of garbage,” amid reports the White House is reviewing military options should negotiations collapse.
Retired Lt. Gen. H.R. McMaster, former national security adviser under Trump, said he believes Iran’s leadership is unlikely to make the concessions Trump considers necessary for a deal.
WHITE HOUSE WARNS IRAN AGAINST BALKING AT DEAL: TRUMP READY TO ‘UNLEASH HELL’
President Donald Trump said the ceasefire with Iran is on “massive life support,” as retired U.S. commanders and national security experts are increasingly split whether Washington should resume military operations. (Atta KENARE / AFP via Getty Images)
“I think the Iranian leadership and IRGC are unwilling to make the kind of concessions that President Trump thinks are at the minimum,” McMaster told Fox News Digital, referring to Iran’s hardline Islamic Revolutionary Guard Corps.
“President Trump always wants a deal,” he added. “But he’s not going to sign up for a bad deal.”
The emerging debate now centers on a core question facing Washington: whether additional military pressure could force Iran to abandon its nuclear and missile ambitions, or whether renewed strikes would deepen a regional conflict without producing decisive results.
Retired Vice Adm. Mark Fox, former deputy commander of U.S. Central Command (CENTCOM), said he believes the current ceasefire and diplomatic track are unlikely to force Iran to back down.
“I really cannot envision anything other than a full return to combat operations,” Fox told Fox News Digital. “The only thing that they will respond to, I think ultimately, is force.”
Fox argued the U.S. military remains capable of reopening and securing commercial shipping through the Strait of Hormuz despite ongoing Iranian threats against vessels transiting the waterway.
HORMUZ CHOKE POINT PERSISTS AS IRAN HALTS OIL TRAFFIC DESPITE TRUMP CEASEFIRE
Supporters of renewed military action argue Iran is weaker than it has been in decades and that stopping now risks allowing Tehran to regroup, rebuild its missile arsenal and preserve leverage over one of the world’s most important energy choke points. (AP Photo)
“This is a militarily obtainable objective,” he said, outlining a strategy involving guided missile destroyers, attack helicopters, drones and expanded aerial surveillance to create a protected maritime corridor through the Strait.
Fox acknowledged the U.S. Navy is smaller than it was during the 1980s tanker wars, but argued American forces still possess the capability to secure the chokepoint if Washington commits enough naval assets and persistent monitoring operations.
“It’s not easy,” Fox said. “But the geography is fixed.”
He described a possible strategy that would rely on destroyers, drones and attack aircraft to create what he called an “unblinking eye” over the strait, allowing U.S. forces to identify and neutralize Iranian speedboats, drones and anti-shipping threats before they can strike commercial vessels.
Fox also warned against allowing Iran to preserve leverage over Hormuz while continuing to advance its missile and nuclear programs.
“If not now, when?” he said. “If they had a nuclear weapon, they would use it.”
EXPERTS WARN IRAN’S NUCLEAR DOUBLE-TALK DESIGNED TO BUY TIME, UNDERMINE US PRESSURE
But not everyone agrees that renewed military action would produce a better outcome. (Contributor/Getty Images)
Fox, who also signed onto a recent policy paper by the Jewish Institute for National Security of America, echoed the report’s argument that Iran is using negotiations to buy time while preserving its military capabilities.
The paper was authored by several retired senior U.S. military officials and national security experts, including retired Gen. Chuck Wald, former deputy commander of U.S. European Command and retired Vice Adm. Robert Harward, former deputy commander of CENTCOM, argued the current ceasefire and diplomatic track “cannot reliably compel Iran” to meet U.S. demands and warned Tehran was seeking to “drag out talks, erode U.S. resolve, and use the time to strengthen itself.”
The report called for expanded military operations targeting Iran’s maritime capabilities, missile infrastructure and internal coercive apparatus while avoiding broad attacks on civilian infrastructure that could trigger wider regional escalation.
But not everyone agrees that renewed military action would produce a better outcome.
Retired Lt. Col. Daniel Davis, a senior fellow at Defense Priorities and longtime critic of expanded U.S. military interventions, warned that calls to “finish the job” ignore the realities exposed during the recent fighting.
“To ‘finish the job,’ as they say, is irrational,” Davis told Fox News Digital. “It’s illogical, and it violates any kind of military principle.”
KEITH KELLOGG URGES US TO ‘FINISH THE JOB’ AGAINST IRAN BY SEIZING ISLANDS, STRANGLING ECONOMY
A screengrab from a video released by U.S. Central Command shows smoke and dust rising after an explosion at an unknown location during the operation dubbed Epic Fury, an attack by the United States and Israel on Iran, released Feb. 28, 2026. (CENTCOM/Reuters)
Davis argued that despite thousands of strikes and weeks of fighting, Iran retained significant missile and maritime capabilities.
“We couldn’t knock them out with 14,000 targets hit,” he said. “Why does anybody think that going back another time is going to have a different result?”
He described Iran’s geography, dispersed missile infrastructure and asymmetric naval tactics as creating what he called “a militarily unsolvable problem.”
“The only thing left is a diplomatic outcome,” Davis said.
The disagreement reflects a broader divide emerging in Washington as officials weigh what comes next if negotiations fail.
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Supporters of renewed military action argue Iran is weaker than it has been in decades and that stopping now risks allowing Tehran to regroup, rebuild its missile arsenal and preserve leverage over one of the world’s most important energy choke points.
Critics counter that even extensive U.S. and Israeli strikes failed to fundamentally break the regime’s control or eliminate its military capabilities, raising the risk that further escalation could drag the United States into another drawn-out regional conflict with uncertain results.
World
EU looks for ways to cash payments fo Hungary, sends team to Budapest
The European Commission is looking for ways to help Hungary unlock billions in EU funding, dispatching a delegation to Budapest next week as the clock ticks.
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While Brussels has warned Budapest the receiving the full envelop €10 billion in recovery funds before an August deadline, suggesting that it may receive the full cashout of grants, but not the loans. Still, the Commission will send a team of senior officials to make a more detailed assessment with the now-in-office government.
One of the options the Commission is exploring is using the country’s investment bank Exim Bank to channel the funding, but Brussels also worries that it will lose oversight of the process, which is seen as imperative, as the root cause for the blocked funding is the rule of law.
As it stands, Hungary will only receive cash in upfront payments if it manages to meet the criteria set out by the Commission, but time is tight. Nonetheless, employing the Hungarian investment bank as a catalyser for future projects would allow disbursements to proceed even if not all conditions have been met upfront.
According to a source within the Commission familiar with the file, Hungary could receive its first recovery payments in late autumn, following the submission of a formal payment request to Brussels.
Recovering EU cash frozen over rule of law and anti-corruption concerns under former prime minister Viktor Orbán was a central campaign pledge of Magyar’s Tisza Party, which won a landslide election last month, ending Orbán’s 16 years in power. Should the new government fail to secure the funds by August, the money will be forfeited.
Péter Magyar is expected in Brussels on 25 May for high-level talks.
Tight timeline for unlocking recovery funds
European Commission officials with direct knowledge of the talks told Euronews that Hungary could still unlock its frozen EU recovery funds before the deadline, though the timeline is considered extremely tight.
Brussels is focusing primarily on the grant component of the package, viewing the loan tranche as significantly more difficult to secure.
“We do not exclude that Hungary successfully unlocks 100% of the recovery funds — €10.4 billion,” one Commission official said on condition of anonymity. “We want Hungary to use as much of the funding as possible.”
A second official was more cautious.
“It seems very unlikely that Hungary will manage to secure all the funding in such a short period.”
Budapest must implement a series of reforms by the end of August, alongside demonstrating tangible progress on projects, including infrastructure works.
While reforms could potentially be adopted quickly, given the government’s broad parliamentary majority, proving project implementation within the deadline may be considerably more challenging.
One possible solution could involve persuading the Commission to accept existing initiatives under the recovery programme.
The same source suggested that while absorbing the grant component — which does not need to be repaid — already poses a challenge, attempts to also secure the loan tranche may be driven as much by political considerations as by financial necessity.
High-level Commission delegation heading to Budapest
Negotiations are continuing at both political and technical levels, with the Commission set to send a high-level delegation to Budapest next week to assist with the process.
The mission is expected to be led by Declan Costello, Deputy Director-General for Economic and Financial Affairs, the department responsible for recovery fund disbursements. It remains unclear whether Céline Gauer, who heads the Recovery and Resilience Facility task force, will also attend.
The visit signals Brussels’ willingness to move quickly with a government that has only recently taken office. A key immediate challenge will be Hungary’s obligation to submit a revised spending plan by the end of May detailing projects eligible for EU financing. The Commission is expected to push for simplified procedures.
Budapest must also meet a series of conditions linked to anti-corruption measures and rule-of-law reforms.
Hungary’s Recovery and Resilience Plan includes €6.5 billion in grants and €3.9 billion in loans. One Commission source said the grant component appears achievable, while securing the loans would be “considerably more complex”.
The same official dismissed reports of growing tensions between Budapest and Brussels, saying the Commission was actively supporting Hungary’s efforts and that Hungarian officials were working constructively on the files.
Additional staff have also been assigned to the Commission’s Hungary desk to assist with preparatory work.
Failure to secure the €3.9 billion loan tranche would represent a political setback for Magyar, who pledged to recover the full package.
Exim Bank as vehicle for funds
Hungary’s original recovery plan included railway and energy infrastructure projects, though it remains unclear what changes the incoming government intends to make. The Commission has urged Budapest to prioritise projects that are both feasible and capable of absorbing funds quickly.
One option under discussion would involve channelling financing through a national financial institution, following models previously used by Poland and Spain. In Hungary’s case, the state-owned Exim Bank has emerged as a possible candidate.
Under such a system, the EU could transfer funds to the bank before all conditions are formally met, with the institution then releasing financing once reforms are implemented. Another option would involve creating a Special Purpose Vehicle (SPV) to manage specific projects.
However, officials noted that this approach would significantly reduce the Commission’s oversight of spending and could delay project implementation by several years.
Magyar’s economic team, led by finance minister András Kármán, is expected to move quickly to pass legislation needed to satisfy EU conditions. Hungary is also expected to seek membership of the European Public Prosecutor’s Office; a step widely viewed as a major anti-corruption measure.
Magyar is also expected to sign a political agreement on the release of funds within weeks, with a possible visit to Brussels pencilled in for around 25 May.
Extension for cash considered unlikely
Hungary could theoretically request an extension beyond August, but officials consider this unlikely because of both legal and political obstacles.
Several member states, including Portugal and Greece, have previously raised concerns about meeting payment deadlines, though the Commission has warned that extensions would increase uncertainty around the programme.
Any amendment to the recovery fund regulation would require approval from EU member states, many of which oppose reopening the legislation. However, the Commission has indicated it could consider delaying actual disbursements beyond the end of 2026 in Hungary’s case.
Defence funds under review
Magyar’s incoming administration is also reviewing Hungary’s €16 billion defence plan submitted under the EU’s Security Action for Europe (SAFE) instrument, a joint borrowing scheme offering €150 billion in low-cost loans to member states.
Officials are examining the plan for potential corruption risks and may remove certain industrial players linked to allies of former prime minister Viktor Orbán.
SAFE funding is not currently seen as an immediate priority for the incoming government, which faces more urgent financial pressures. However, the plan could still be among the first to receive Commission approval.
Hungary is nevertheless expected to miss a late-May deadline tied to solo defence procurement, meaning Budapest would instead need to participate in joint procurement with another member state.
Cohesion funds: political hurdles remain
The government is also attempting to unlock €6.3 billion in cohesion funding. Unlike the recovery package, there is no immediate risk of losing the money, as most of it can be accessed by meeting the same milestones attached to the recovery plan.
However, more than €1 billion remains blocked over disputes linked to asylum policy and LGBTQ+ rights.
Unlocking those funds would require Hungary to repeal its so-called “child protection law”, legislation introduced under Orbán that critics say conflates homosexuality with paedophilia.
Budapest would also need to reform its asylum system after the European Court of Justice ruled that parts of it breached EU law.
Magyar has not publicly addressed either issue. Pursuing reforms in both areas could alienate more conservative voters within his support base.
The European Commission didn’t reply to Euronews’ request for comment.
World
Will Trump and Xi Try to Slow the A.I. Arms Race?
Still, even as formal talks on A.I. have stalled, scholars from both countries have held informal discussions, often through academic conferences or think tanks. Participants described these meetings as vibrant, and said they have produced many suggestions for cooperation, such as an emergency hotline in case of an A.I.-related accident, or shared standards for testing whether A.I. has the ability to synthesize biohazards.
But these conversations have not been immune from political pressures.
Jiang Tianjiao, a professor at Fudan University in Shanghai who has participated in many discussions with U.S. scholars, said that many Chinese scholars, especially in the security and defense communities, were skeptical of their U.S. counterparts’ intentions. They pointed to Mr. Trump’s efforts to loosen domestic restrictions on A.I. at home as proof that safety discussions were a trap to slow China’s development.
“These people believe the U.S. is talking about one thing but doing the other,” Professor Jiang said, noting that he personally supported continued engagement. In their minds, he said, “China should never trust the United States on any proposals of bilateral A.I. cooperation for all humankind. That’s just some fantasy.”
On the American side, many scholars and officials believe that China is secretly racing toward artificial super-intelligence, though Beijing has made little public mention of it, and Chinese scholars insist that it is not a focus. Beijing has, instead, publicly emphasized practical, real-world applications of A.I.
Then, there are more basic disagreements. For long-running discussions hosted by the Brookings Institution, a Washington-based research institute, and Tsinghua University in Beijing, the participants created a glossary of terms. There was no consensus on the meaning of fundamental terms such as “loss of control” of A.I. systems, said Kyle Chan, a fellow at Brookings.
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