International

Lula and Biden meet in Washington and pledge to “stand united” to protect democracy

Photo: Reuters

February 13 |

The presidents of Brazil, Luiz Inácio Lula da Silva, and the United States, Joe Biden, met this Friday in Washington to advance issues on the common agenda and open a new moment in bilateral relations, a meeting in which both leaders pledged to “stand united” to protect democracy.

The portion of the meeting that was open to the press passed in a relaxed atmosphere, in which both leaders were comfortable, cracked jokes and kept the conversation focused on common causes such as peace, democracy and the environment, away from sensitive issues such as foreign policy and their positions on China and Russia.

“The strong democracies of our two nations have been tested recently, have been really tested, and our institutions were also put in jeopardy,” Biden said as he welcomed Lula da Silva to the Oval Office.

The U.S. president alluded to the attack by supporters of former Brazilian President Jair Bolsonaro on public institutions in Brasilia on January 8, and reaffirmed his country’s commitment to Brazil and to maintaining the good relationship between the two nations.

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“The United States and Brazil are the two largest democracies in the hemisphere,” Biden told Lula, while insisting that the two nations “reject political violence” and maintain a firm commitment to “stand together” to defend democratic values around the world.

Lula, for his part, thanked Biden for the support shown almost immediately after he won the elections, his “stance in defense of democracy in Brazil” and congratulated him for his State of the Nation address a few days ago.

The veteran ruler, who last January 1 began his third term as head of state in Brazil, criticized – without mentioning his predecessor, Jair Bolsonaro – the state in which his country remained isolated in the international arena during the last four years.

“Brazil is a country that does not seek litigation with anyone, it is a country that loves peace,” he asserted.

This is Lula’s seventh visit to Washington as president of Brazil. The two leaders already knew each other and had spoken on several occasions by telephone since the Brazilian won the elections in October, but this is the first time they have met face to face since they assumed the presidencies of their respective countries.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.