International

Brazil’s Lula appoints former mayor as finance minister

Photo: NELSON ALMEIDA / AFP

| By AFP |

Brazil’s president-elect Luiz Inacio Lula da Silva on Friday named former Sao Paulo mayor Fernando Haddad, viewed unfavorably by many in the business community, as his finance minister.

Lula da Silva, who narrowly defeated incumbent Jair Bolsonaro in October elections, unveiled ministers in the key posts of foreign affairs, justice, defense, and chief of staff.

However, all eyes were on his pick for finance minister, with markets nervous over the incoming government’s commitment to fiscal discipline and the inflation-hit economy in fragile recovery.

“(I chose) comrade Fernando Haddad as Minister of Finance,” Lula said during a press conference in the capital Brasilia.

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Haddad, 59, who served as education minister from 2005 to 2012, succeeds powerful liberal economy minister Paulo Guedes, an ally of far-right President Jair Bolsonaro.

After Lula’s new government takes office following his January 1 inauguration, the economy ministry will be dissolved and transformed into finance, industry and planning agencies.

When Haddad’s name started circulating for the role, markets reacted with unease, viewing him as too much on the left and fearing he would jeopardize the budgetary balance.

“He represents the heterodox economic policy” that Lula’s Workers’ Party (PT) defends, said Antonio Madeira of the MCM consultancy firm.

Madeira said that with Haddad in the finance ministry, he expects “an increase in spending” and “a more assertive state giving a significant role to public companies.”

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Despite some of the reluctance towards Haddad, the Sao Paulo Stock Exchange’s Ibovespa index was up Friday by 0.5% after the names of the future ministers were announced.

Lula also tapped Mauro Vieira as foreign minister.

Vieira is a 71-year-old career diplomat who has already served as foreign minister as well as ambassador to Argentina, the United States and the United Nations.

He is currently serving as ambassador to Croatia, which on Friday knocked Brazil out of the World Cup.

For the justice ministry, Lula appointed Flavio Dino, a former governor of the northeastern state of Maranhao.

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Rui Costa, governor of the province of Bahia, was named to a ministry that falls between the roles of prime minister and chief of staff.

Jose Mucio Monteiro, a civilian, was named defense minister.

After appointing five white men to the key ministries, Lula promised that “in time, you will see more women than men here … as well as a number of Afro-Brazilians.”

“We will try and form a government in the image of Brazilian society.”

Lula, a former unionist who already served two terms as president between 2003 and 2010, said that he would announce the names of more ministers next week and he has “not yet decided the total number of ministers” he would have in his government.

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One of the most highly anticipated posts is that of the environmental minister, who will play a crucial role as Brazil seeks to tackle deforestation in the Amazon.

International

Maradona’s daughter accuses medical team of “horrible manipulation” in court

One of the daughters of Diego Maradona testified in court this Tuesday, breaking down in tears as she denounced what she described as “absolute and horrible manipulation” by her father’s medical team, during an emotional hearing in Argentina.

Gianinna Maradona stated that she and her siblings agreed to home hospitalization after doctors presented it as the best option following the neurosurgery Maradona underwent on November 3, 2020.

The football icon died on November 25 of that year, and the ongoing trial seeks to determine whether the conditions of his home care were appropriate.

According to Gianinna, what the family found at the residence where Maradona was recovering did not match what had been promised. She testified that there was no adequate medical equipment, constant monitoring, or even an ambulance available, despite assurances of continuous care.

“The manipulation was absolute and horrible,” she said during the hearing in San Isidro, near Buenos Aires.

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She accused members of the medical team, including neurosurgeon Leopoldo Luque, psychiatrist Agustina Cosachov, and psychologist Carlos Díaz, of misleading the family.

“I trusted these people, and all they did was manipulate us and leave my son without a grandfather,” she added.

Later in her testimony, recalling that six years have passed since her father’s death, she became emotional and said she struggled deeply with grief in the aftermath.

International

Trump extends Iran ceasefire after Pakistan mediation request

The president of the United States, Donald Trump, announced on Tuesday that he will extend the ceasefire with Iran, which was set to expire on Wednesday, following a request from Pakistan.

In a statement shared on Truth Social, Trump said the truce will remain in place until Iran presents a proposal and negotiations are concluded, regardless of the outcome.

“I will extend the ceasefire until their proposal is presented and negotiations are completed, whatever the result,” the U.S. leader stated.

Trump justified the decision by claiming that Iran’s government is “deeply divided” and noting that Pakistani authorities, acting as mediators, requested a pause in military action until Iranian leaders and representatives submit a unified proposal.

International

Venezuelan opposition demands election date and minimum wage increase

A group of opposition members from the Zulia Humana and former political prisoners on Tuesday demanded that authorities set a date for elections in Venezuela and increase the minimum wage, which has been frozen since 2022 and is currently worth just a few cents per month according to the Banco Central de Venezuela.

During a press conference in Maracaibo, Professor Eduardo Labrador stressed the urgency of establishing an electoral timeline. “We demand that a date be set for elections so Venezuelans can have free and transparent voting. It is essential to have that date now,” he said.

Economist Rodrigo Cabezas, who served under the late President Hugo Chávez, also called for an increase in the minimum wage, arguing that it is feasible through economic policy measures, although he did not specify an amount due to limited public data.

Cabezas warned that Venezuela experienced “galloping inflation” between March of last year and March 2026, a stage that precedes hyperinflation—a phenomenon the country has already faced. However, he clarified that Venezuela is not currently in hyperinflation, expressing hope that it will not return.