International
Brazil’s Lula appoints former mayor as finance minister
| 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.
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.”
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.
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.
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
Two Police Officers Shot During Road Clearance Operation in Eastern Bolivia
At least two police officers were wounded by gunfire on Saturday during an operation to clear roadblocks in Bolivia’s eastern Santa Cruz region, which has remained partially cut off for 24 days amid protests demanding the resignation of President Rodrigo Paz.
The joint operation involving the Police and the Armed Forces began at 6:00 a.m. local time near the town of San Julián, approximately 117 kilometers northeast of Santa Cruz city. The effort focused on reopening an alternative highway linking the region with Beni and western Bolivia.
According to Santa Cruz Police Commander David Gómez, protesters initially responded aggressively to the security operation.
“Local groups organized themselves and began attacking us brutally with firecrackers, stones, and other objects,” Gómez told reporters. “We used chemical agents in an attempt to disperse the crowd, which was behaving aggressively.”
Authorities initially succeeded in reopening the roadway, allowing vehicles to pass through. However, protesters later regrouped and engaged in renewed clashes with police forces that lasted for more than four hours.
During the confrontation, gunshots were heard, forcing both police and military personnel to withdraw from the area.
Gómez reported that one officer suffered a gunshot wound to the head, while another was struck in the right thigh. Both officers were evacuated for medical treatment.
The police commander stated that demonstrators not only carried out physical attacks against officers but also used firearms during the confrontation, prompting authorities to order a tactical retreat.
The incident marks a significant escalation in tensions surrounding the ongoing protests in Santa Cruz, where demonstrators have maintained roadblocks for more than three weeks as part of their campaign against the government.
International
U.S. to invest $700 million in coal plants and mines under Trump initiative
U.S. President Donald Trump announced on Thursday a $700 million funding package aimed at supporting the American coal industry, marking the latest step in his administration’s efforts to boost the use of the fossil fuel.
According to Trump, the funding will be used to keep 14 coal-fired power plants operating across ten states, maintain 42 coal mines, and support the construction of two new power plants and an export terminal.
The president said the initiative will be financed through the Defense Production Act, a law enacted in 1950 that grants emergency powers to the president to support and direct domestic industries considered critical to national interests.
Since returning to the White House last year, Trump has pursued policies designed to expand domestic energy production and roll back a number of environmental regulations. He has also repeatedly questioned the scientific consensus regarding human-caused climate change.
Coal remains the most carbon-intensive fossil fuel and is the largest source of greenhouse gas emissions among major energy sources, making it a central focus of debates over climate policy and energy security.
U.S. Energy Secretary Chris Wright defended the initiative, describing coal as a critical resource for both electricity generation and industrial production.
The announcement comes as global energy markets continue to evolve. According to an analysis by the Global Energy Monitor, the world added and commissioned more coal-fired power capacity in 2025, although overall coal consumption declined. The report also found that the United States was the only major economy to record a significant increase in coal-fired power generation during that period.
The new funding package underscores the administration’s commitment to supporting traditional energy industries while debate continues over the balance between energy security, economic growth and environmental objectives.
International
Four decapitated bodies found in abandoned vehicle near Guerrero state Congress
Police in Mexico have found four decapitated bodies inside an abandoned vehicle parked near the state Congress building in Guerrero, authorities confirmed on Thursday.
The southern state of Guerrero, home to the resort city of Acapulco, has long been affected by violent clashes between criminal organizations competing for control of drug trafficking routes.
According to prosecutors cited by AFP, the bodies were wrapped in black plastic bags and left inside a car parked at one of the rear entrances of the legislative building in the state capital, Chilpancingo.
Authorities say the region has seen intensified conflict between rival drug trafficking groups, including the Sierra Cartel and Los Ardillos, a criminal organization that Indigenous communities have accused of carrying out attacks in the mountainous, impoverished areas of the state.
The ongoing violence highlights the persistent security crisis in Guerrero, where organized crime continues to exert significant influence over large parts of the territory.
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