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.
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.
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
Mexico’s president blasts ‘Inhumane’ U.S. migration law
Mexican President Claudia Sheinbaum stated on Friday that any Mexican detained in the United States should be “immediately” returned to Mexico. Her remarks come in the wake of the opening of a new migrant detention center in Florida earlier this week.
Speaking during her daily press conference, known as La Mañanera del Pueblo, Sheinbaum emphasized that so far, no Mexican national has been held in the facility, which has already sparked controversy and has been nicknamed “the Alcatraz of the Alligators.”
She also criticized the new fiscal law signed by former U.S. President Donald Trump, passed by Congress just a day earlier. The law, which Trump dubbed the “great and beautiful tax reform,” includes significant tax cuts and sweeping reductions in public policies, reallocating billions toward national security and defense—including $170 billion to enhance border security, deportations, and the expansion of detention centers.
“We do not agree with a punitive approach to migration. Migration must be addressed through its structural causes, with cooperation for development,” Sheinbaum asserted.
The Mexican president labeled the Trump administration’s view of migrants as criminals as “inhumane,” and warned that such policies ultimately harm the U.S. economy. She pointed to the mass deportation of agricultural workers as an example of how these actions are already backfiring.
“These are hardworking people—people of good will—who contribute more to the U.S. economy than they do to Mexico’s,” Sheinbaum said, announcing that her government will strengthen support programs to ensure that affected migrants can return home safely and reintegrate into the workforce.
International
Julio César Chávez Jr. faces charges in Mexico after U.S. arrest
Mexican President Claudia Sheinbaum announced on Friday that the country is expecting the deportation of boxer Julio César Chávez Jr. so he can face legal proceedings in Mexico, following his arrest in the United States and confirmation by Mexico’s Attorney General’s Office (FGR) of an arrest warrant for organized crime and arms trafficking.
“This is an arrest warrant stemming from an investigation that began in 2019 and was granted by a judge in 2023 (…). We are expecting his deportation so he can serve his sentence in Mexico,” Sheinbaum stated during her daily press briefing.
The president said she was unaware of the case until speaking with Attorney General Alejandro Gertz Manero, who confirmed an investigation linked to organized crime. She also noted that authorities had been unable to execute the warrant earlier because Chávez Jr. had spent most of his time in the United States. “His deportation to Mexico is now being pursued,” she added.
Sheinbaum said there is no confirmed date yet for the boxer’s return to the country, as the process involves “specific protocols” that the FGR is currently handling.
Her statement follows the announcement by U.S. authorities on Thursday of Chávez Jr.’s arrest. The boxer, son of Mexican boxing legend Julio César Chávez, is accused of involvement in organized crime and arms trafficking allegedly tied to the Sinaloa Cartel.
“This Sinaloa Cartel affiliate, wanted for trafficking firearms, ammunition, and explosives, was arrested by U.S. Immigration and Customs Enforcement (ICE),” said Tricia McLaughlin, Deputy Assistant Secretary at the Department of Homeland Security (DHS), in an official statement.
International
Europe faces a summer of heatwaves and wildfires, Red Cross warns
The heatwave sweeping across Europe — accompanied by wildfires in countries such as Greece and Turkey — is “just the beginning” of a summer season expected to see extreme conditions lasting through September, the International Federation of Red Cross and Red Crescent Societies (IFRC) warned.
In a statement, the IFRC stressed the urgent need for governments and communities to shift from a reactive to a preventive approach to safeguard lives.
The organization reported that wildfires in the Turkish region of Izmir, on the country’s western coast, have already claimed at least two lives and forced the evacuation of 50,000 people. Meanwhile, on the Greek island of Crete, around 5,000 residents and tourists have also had to flee due to encroaching fires.
Smaller-scale evacuations and wildfires are also being reported in other countries, including eastern Germany and North Macedonia, with Red Cross volunteers actively involved in firefighting and relief operations.
“Heatwaves and wildfires — increasingly frequent and deadly — are no longer isolated events. They are becoming the new reality for millions,” said Birgitte Bischoff, IFRC’s Regional Director for Europe.
Mexico’s president blasts ‘Inhumane’ U.S. migration law
Julio César Chávez Jr. faces charges in Mexico after U.S. arrest
Europe faces a summer of heatwaves and wildfires, Red Cross warns
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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