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

Ecuador’s Noboa vows to continue “war” on criminal groups

Ecuador’s President Daniel Noboa said on Sunday that his government will continue the “war” against criminal organizations and warned that he will not yield to criminal gangs operating in the South American country.

During his state-of-the-nation address before the National Assembly, Noboa stated that criminal structures “will tire first” before his administration abandons its fight against violence and drug trafficking.

The president reaffirmed his hardline security strategy amid ongoing concerns over organized crime and drug-related violence in Ecuador.

International

Iran says agreement with U.S. to end Middle East conflict is in final stages

Iran’s Foreign Ministry spokesperson, Esmail Baqai, said Saturday that Tehran and the United States were in the “finalization phase” of a memorandum of understanding aimed at ending the conflict in the Middle East.

Speaking to Iranian state television Irib, Baqai explained that Iran had initially sought to draft a memorandum consisting of 14 clauses as part of the negotiations.

“We are currently in the phase of finalizing these memorandums of understanding,” he stated.

Shortly before Baqai’s remarks became public, U.S. Secretary of State Marco Rubio said there was “a possibility” that Iran could agree to a deal to end the conflict as early as Saturday.

“There is a possibility that later today, tomorrow, or within the next couple of days, we may have something to announce,” Rubio told reporters in New Delhi, adding that he hoped for “good news.”

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Despite acknowledging progress in the negotiations, the top U.S. diplomat warned that President Donald Trump could still decide to resume military strikes against Iran if talks fail to produce a final agreement.

International

WHO Warns Ebola Outbreak Is Spreading Rapidly in DR Congo

The World Health Organization on Friday raised the risk level of the Ebola outbreak in the Democratic Republic of the Congo from “high” to “very high,” the highest alert category used by the organization.

WHO Director-General Tedros Adhanom Ghebreyesus said the outbreak is spreading rapidly across the country, particularly in the eastern provinces of North Kivu and South Kivu.

“The Ebola outbreak in the Democratic Republic of the Congo is spreading rapidly,” Tedros stated during a press conference.

He explained that the WHO had previously classified the risk as high at both the national and regional levels, while maintaining a low risk assessment globally.

“We are now revising our risk assessment to classify it as very high at the national level, high at the regional level, and low at the global level,” he added.

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A WHO spokesperson told AFP that “very high” represents the organization’s highest risk category.

The outbreak has expanded across North Kivu and South Kivu, regions divided by the frontline between Congolese government forces and the armed group M23, which is reportedly backed by Rwanda and has seized large areas of territory since 2021.