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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.

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International

Pope Leo XIV Says Countries Have Border Rights but Migrants Deserve Respect

Pope Leo XIV said Thursday that migrants must be treated with dignity as he addressed the global migration crisis during a press conference aboard the plane returning from his tour of Africa.

The pontiff answered questions from journalists regarding his upcoming trip to Spain, which will include a visit to the Canary Islands, a region heavily affected by migration flows and growing political polarization surrounding the issue.

“Obviously, migration is a very complex issue and affects many countries — not only Spain, not only Europe, but also the United States. It is a global phenomenon,” the pope said.

Pope Leo XIV also questioned the role of developed nations in addressing the crisis.

“My response begins with a question: What is the Global North doing to help the Global South and those countries where young people no longer see a future and dream of going north, even when the North sometimes has no answers to offer?” he asked.

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While acknowledging that “a state has the right to establish rules for its borders,” the pope insisted that the debate must go beyond border control and address the structural causes that force people to leave their home countries.

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International

Authorities Say Teotihuacán Gunman Was Obsessed With Mass Shootings and Extremist Symbolism

Julio César Jasso Ramírez, identified by authorities as the gunman behind the armed attack at the archaeological site of Teotihuacán, had allegedly spent years building a personal narrative shaped by an obsession with historical mass shootings, extremist symbolism, and an increasing detachment from reality.

According to preliminary findings from the Fiscalía General de Justicia del Estado de México, the 27-year-old suspect, originally from the southern Mexican state of Oaxaca, acted alone and appeared to have carefully planned the attack.

Investigators also pointed to signs of a severe psychological or psychiatric disorder. One official involved in the case stated that the suspect seemed to live in “his own reality,” disconnected from the world around him.

“I would not speak of a motive; I would speak of psychopathy, a condition, an illness,” the official said while discussing the ongoing investigation.

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Authorities reported that Jasso Ramírez was allegedly fixated on mass violence incidents that occurred outside Mexico, particularly in the United States.

Among the items found in his possession were writings, images, and materials reportedly linked to the Columbine High School massacre, the school shooting that took place on April 20, 1999.

The investigation remains ongoing as authorities continue analyzing evidence connected to the suspect’s background and mental state.

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International

Iran refuses to reopen strait of Hormuz amid ongoing U.S. Naval blockade

Iran reaffirmed on Wednesday that it will not reopen the Strait of Hormuz while the United States maintains its naval blockade against Iranian ports and vessels, amid rising geopolitical tensions in the region.

Iranian Parliament Speaker Mohamad Baqer Qalibaf warned that reopening the crucial maritime route depends on Washington honoring the ceasefire agreement. According to Qalibaf, Iran considers the deal to be violated due to ongoing U.S. actions.

The Iranian official accused the United States of carrying out a “naval blockade and the hijacking of the global economy,” while also pointing to Israeli military operations in Lebanon as part of the broader conflict affecting the region.

Qalibaf stated that military and economic pressure would not force Iran to change its position. “The United States and Israel failed to achieve their goals through military aggression, and they will not succeed through intimidation. The only path forward is to recognize the rights of the Iranian nation,” he said.

His remarks come amid stalled negotiations between Iran and the United States following direct talks held on April 11 and 12 in Islamabad.

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The discussions, led by U.S. Vice President JD Vance and Iranian representatives, have shown little progress in recent days, increasing uncertainty over whether dialogue between the two sides will resume.

U.S. President Donald Trump recently announced an extension of the ceasefire but decided to keep the naval blockade in place, a move Tehran considers incompatible with ongoing negotiations.

Meanwhile, Iran’s Islamic Revolutionary Guard Corps intensified operations in the area by seizing two vessels in the Strait of Hormuz, accusing them of operating without the required permits and escorting them into Iranian territory.

The Strait of Hormuz remains one of the world’s most critical oil trade routes, and any prolonged disruption could have significant consequences for global energy markets.

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