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.

20260224_estafa_mh_728x90

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.”

20260224_estafa_mh_728x90

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.

20260224_estafa_mh_728x90

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.

20260224_estafa_mh_728x90

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

Rubio and Lavrov Hold Talks After Large-Scale Russian Assault on Ukraine

The United States remains willing to mediate in the war between Russia and Ukraine, Secretary of State Marco Rubiosaid Tuesday following a large-scale Russian attack against Kyiv.

“Every time you see these large attacks by either side, it is a reminder of why this is a terrible war (…) that must come to an end,” Rubio told reporters after holding a phone conversation with Russian Foreign Minister Sergey Lavrov.

Speaking during an official visit to India, Rubio stated that the United States is “ready and prepared to do whatever it can” to help facilitate an end to the conflict.

“We hope the opportunity presents itself at some point,” he added.

Russia warned on Monday that it could launch additional strikes against Kyiv, including attacks targeting what it described as “decision-making centers,” after carrying out weekend bombardments involving dozens of drones and missiles across Ukraine. The attacks reportedly killed four people.

20260224_estafa_mh_728x90

According to the Ministry of Foreign Affairs of Russia, Lavrov urged the United States during the call to evacuate diplomats from its embassy in Kyiv.

Rubio later clarified that Moscow had issued a warning to all embassies in the Ukrainian capital, not only to the U.S. diplomatic mission.

International

Omar García Harfuch Announces Arrest of “El Chapo’s” Nephew

Mexican security forces captured a nephew of convicted drug lord Joaquín ‘El Chapo’ Guzmán during an operation carried out in the northern border state of Sonora, authorities confirmed on Tuesday.

The suspect, identified as Isai “N,” is reportedly wanted by authorities in the United States.

Omar García Harfuch, Mexico’s secretary of security, stated on X that the detainee is a “nephew of ‘El Chapo,’” the former leader of the powerful Sinaloa Cartel, who is currently serving a life sentence in the United States.

Mexican media identified the suspect as Isai Martínez Zepeda, who had reportedly been arrested in June 2008 while allegedly carrying high-caliber weapons.

However, the press office of Mexico’s Security Ministry told AFP that it did not have additional details regarding the earlier arrest.

20260224_estafa_mh_728x90

Two sons of Joaquín Guzmán, Ovidio Guzmán López and Joaquín Guzmán López, are also imprisoned in the United States on drug trafficking charges.

International

Diplomatic Talks Continue as Iran Accuses U.S. of Ceasefire Violations

The Ministry of Foreign Affairs of Iran accused the United States on Tuesday of violating the fragile ceasefire over the past 48 hours in the province of Hormozgan Province, although officials did not specify the exact incident.

The accusations came after the United States Central Command announced on Monday that U.S. forces had targeted Iranian missile-launch facilities and vessels allegedly attempting to deploy mines in the Gulf region.

Meanwhile, Iran’s Islamic Revolutionary Guard Corps claimed that its forces fired on a U.S. aircraft that allegedly attempted to enter Iranian airspace.

“The terrorist U.S. military, which has continued its illegal and unjustified actions since the ceasefire (…) committed a serious violation of the ceasefire in Hormozgan Province over the past 48 hours,” the Iranian Foreign Ministry said in a statement.

The ministry also warned that Iran “will not leave any hostile act unanswered and will not hesitate to defend itself,” without providing further details.