International

Bolsonaro welfare plan shakes Brazil markets, sparks resignations

AFP

A proposal by Brazil’s far-right President Jair Bolsonaro to dramatically increase welfare payments to the country’s underprivileged groups a year ahead of elections shook markets Thursday and triggered resignations at the Ministry of Economy.

The program could cost the government an extra 30 billion reais ($5.3 billion dollars) at a time when inflation is already high and exceed the government spending ceiling established by law.

The government announced earlier this week that it was setting up a new social welfare program to replace the “Bolsa Familia” system created by the leftist administration of former president Luiz Inacio Lula da Silva.

The new program would start in November with a 20 percent increase in benefits paid to nearly 17 million Brazilians in need.

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Coming just a year before a presidential election in which Bolsonaro is widely expected to be defeated by Lula da Silva, the move was seen by several analysts as a pre-election sweetener.

The measure rattled investors. The Sao Paulo stock market fell 2.75 percent, while the price of the US dollar rose to 5.65 reais, its highest level in six months.

Concerned by the plan, several economic officials quit their posts, including top treasury officials Bruno Funchal and Jeferson Bittencourt, authorities said.

Bolsonaro denied that his project, whose source of funding has not been specified, is against the law.

“There are around 16 million people registered with the ‘Bolsa familia’, and though the financial aid reaches an average of 192 reais, many people receive 40, 50, 60 reais. What we are saying is: 400 reais for all,” he said Thursday.

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Bolsonaro also offered to “help” 750,000 truckers with compensation for increases in the price of diesel.

The president made the announcements at a time when his popularity is at its lowest level since he took office in 2019, and amid high inflation and high unemployment.

International

Two killed in shooting at restaurant near Frankfurt Airport

Two people were shot dead early Tuesday at a restaurant in Raunheim, near Frankfurt Airport, according to local police.

Preliminary findings indicate that an armed individual entered the establishment at around 03:45 local time (02:45 GMT) and opened fire on the victims, who died at the scene from their injuries.

The suspect fled and remains at large, while the motive behind the shooting is still unclear, German media reported. Authorities have launched a large-scale search operation.

International

U.S. counterterrorism chief resigns over opposition to war in Iran

Joe Kent, director of the National Counterterrorism Center, announced Tuesday that he has resigned from his post, citing his opposition to the ongoing war in Iran.

In a post on X, Kent said he could not, “in good conscience,” support the conflict, arguing that Iran did not pose an imminent threat to the United States. He also claimed that the war was driven by pressure from Israel and its lobbying influence in Washington.

In a resignation letter addressed to Donald Trump, Kent alleged that at the start of the current administration, senior Israeli officials and influential figures in U.S. media carried out a disinformation campaign that undermined the “America First” platform and fostered pro-war sentiment aimed at triggering a conflict with Iran.

Kent further stated that he could not support sending a new generation of Americans to “fight and die in a war that provides no benefit to the American people and does not justify the cost in American lives.”

Since the United States and Israel launched attacks against Iran on February 28, at least 13 U.S. service members have been killed, while 10 others have been seriously wounded and around 200 have sustained minor injuries, according to a report published by The Wall Street Journal.

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International

German president warns Iran war could spread and disrupt Strait of Hormuz

The president of Germany, Frank-Walter Steinmeier, warned Monday that the war involving Iran could expand and further disrupt shipping through the strategic Strait of Hormuz. He urged a swift end to hostilities between Iran, United States and Israel.

Speaking in Panama City during a joint appearance with Panamanian President José Raúl Mulino, Steinmeier said available information suggests Iran has significant capacity to disrupt maritime traffic through the key oil route.

“Iran has considerable potential to interfere with shipping through the Strait of Hormuz,” Steinmeier said through an interpreter. “We should therefore reach an end to the hostilities as soon as possible and call on all parties involved to make that happen.”

The remarks came during Steinmeier’s visit to Panama, the first by a German president to the Central American nation.

The German leader described the possibility of the conflict spreading as “very dangerous,” saying recent developments indicate that such a scenario cannot be ruled out.

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Over the weekend, U.S. President Donald Trump urged allied nations to help ensure safe passage for ships through the Strait of Hormuz after Iran moved to block the waterway in response to U.S. strikes. However, several allies—particularly in Europe—have shown little support for the proposal.

“Some are very enthusiastic, others are not, and some are countries we have helped for many years,” Trump told reporters at the White House. “We have protected them from terrible external threats, and they’re not that enthusiastic. And the level of enthusiasm is important to me.”

Meanwhile, Kaja Kallas, the European Union’s top diplomat, said the Strait of Hormuz falls “outside NATO’s scope” and stressed that “the war involving Iran is not Europe’s war.”