International

Brazil roadblocks dwindle as Bolsonaro starts handover

Photo: Miguel Schincariol / AFP

| By AFP |

Brazilian police said Friday they have nearly finished clearing hundreds of roadblocks by supporters of far-right President Jair Bolsonaro, who have been protesting since his election loss to veteran leftist Luiz Inacio Lula da Silva.

Just 15 partial roadblocks remain nationwide, said federal highway police, adding they had broken up another 954 since Sunday’s divisive presidential runoff election.

Bolsonaro supporters reacted furiously to Lula’s narrow victory, blocking highways with cars, trucks, and tractors and camping out at army bases to demand a military intervention.

The blockades had threatened to cause havoc in Latin America’s biggest economy but have diminished since Bolsonaro urged supporters Wednesday to “unblock the roads.”

20260224_estafa_mh_728x90

Ex-army captain Bolsonaro remained silent for nearly two days after the election, raising fears he would try to cling to power with the backing of hardline supporters.

But after a series of key allies acknowledged the result, the incumbent said Tuesday he would respect the constitution and authorized the start of the transition process for Lula’s inauguration on January 1.

However, Bolsonaro has still not explicitly recognized the result or congratulated Lula.

The outgoing president on Thursday met briefly with vice president-elect Geraldo Alckmin, who is heading Lula’s transition team.

Alckmin said the meeting had been “positive,” and that Bolsonaro had promised “all information and assistance needed for a smooth transition.”

20260224_estafa_mh_728x90

Pro-Bolsonaro protests had dwindled Friday morning outside military bases in various cities.

Around 100 people remained outside a barracks in Brasilia, an AFP photographer said. In Sao Paulo, a handful of protesters remained, calling for “divine and then military intervention.”

In Rio de Janeiro, demonstrators had dispersed.

The remaining roadblocks affect just five of Brazil’s 27 states, police said.

The National Confederation of Industry had warned Tuesday that there was an “imminent risk of shortages” if highways were not quickly cleared.

20260224_estafa_mh_728x90

Although Bolsonaro urged supporters to lift their roadblocks, he also encouraged “legitimate demonstrations,” raising fears Brazil may still face turbulent times until Lula is sworn in, and beyond.

Ex-metalworker Lula, 77, who led Brazil from 2003 to 2010, won an unprecedented third term with 50.9 percent of the vote, to 49.1 percent for Bolsonaro — the closest presidential election in the country’s modern history.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

20260224_estafa_mh_728x90

“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

20260224_estafa_mh_728x90

International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.