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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

Dominican court postpones hearing in deadly nightclub collapse case

10 reported dead after explosion in Dominican Republic

A Dominican court on Monday postponed until March a preliminary hearing against the owners of a nightclub that collapsed last year, killing more than 200 people.

The roof of the Jet Set nightclub collapsed in the early hours of April 8, 2025, during a concert by popular merengue singer Rubby Pérez, who died along with 235 other people.

Jet Set owner and manager Antonio Espaillat and his sister Maribel, who served as the club’s administrator, were arrested on charges of involuntary manslaughter but were later released on bail after posting approximately $842,500.

Both appeared at the Palace of Justice, where they were met by a small protest from relatives and friends of the victims.

“Thirty years in prison is not enough” and “President, we want JUSTICE,” read signs held by demonstrators.

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The preliminary hearing determines whether there is sufficient evidence to send the case to trial. The court decided to reschedule the hearing for March 16.

“We don’t want money and we’re not demanding anything else, only justice for those who died,” said Secundino Pérez, a 75-year-old shopkeeper who lost 12 friends in the Jet Set tragedy.

“Antonio and his family celebrated Christmas sitting at a table, celebrating their freedom,” said Edgar Gómez, who lost his daughter in the collapse.

The Dominican Republic’s Public Prosecutor’s Office maintains that the defendants “significantly altered” the structure of the nightclub. Prosecutors filed formal charges in November and requested that the case proceed to trial.

The charge of involuntary manslaughter carries a sentence of three months to two years in prison.

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“May your conscience never let you sleep. I lost my son,” a woman shouted through tears before the hearing, while others chanted, “Murderers, murderers, murderers.”

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International

Venezuelan opposition leader dedicates Nobel Prize to Trump

U.S. President Donald Trump said last week that he was “eager” to welcome the opposition leader, who left Venezuela clandestinely with U.S. assistance, to receive her Nobel Prize in Oslo.

Machado dedicated her Nobel Prize to Trump, who nevertheless showed a very cautious attitude toward including her in any potential political transition in Venezuela.

The opposition leader said on Monday, after an audience with Pope Leo XIV, that “the defeat of evil is closer” in Venezuela following the U.S. military operation that overthrew and removed President Nicolás Maduro and his wife from the country.

Trump has claimed that he is now in control of the South American nation, stating that the primary objective at this stage is to stabilize the country before considering elections.

Venezuelan oil is Washington’s main objective, Trump added after Maduro’s overthrow.

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International

Police hunt gunmen after fatal shooting in Corsica

A man was shot dead on the French Mediterranean island of Corsica, local media reported. The victim was identified as Alain Orsoni, former president of local football club AC Ajaccio, according to sources close to the investigation cited by French news channel BFMTV.

Orsoni, 71, was killed in the town of Vero, near Ajaccio, the island’s capital, while attending his mother’s funeral.

He was also a former member of the National Liberation Front of Corsica (FLNC), a nationalist organization that has long sought independence for the island, reports said.

BFMTV reported that the gunmen fled the scene and remain at large. Local police have opened an investigation into the shooting.

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