International
Chilean President abandons his fiscal reform and presents new proposal
August 2|
Chilean President Gabriel Boric said on Tuesday that his government will not insist on a rejected tax reform bill and will promote new initiatives to raise the necessary funds to address some of its promised social proposals.
In June, the leftist ruler had said that his government would insist at the end of July in the Senate to resume the legislative processing of the tax adjustment.
Through a new Fiscal Pact, Boric said that the spending proposals involve resources for 8,000 million dollars to finance programs such as the Universal Guaranteed Pension to improve the lowest pensions, reduction of waiting lists in health, as well as greater investment in citizen security.
“This proposal considers the contribution made by growth, the reform of the state, the strengthening of tax oversight and taxes paid by the higher income sectors to be able to finance in this way the social expenses that are urgent,” he said in a televised speech.
“We are not going to insist in the Senate with the bill that was previously rejected”, he added.
Boric did not specify deadlines for the delivery and processing of the initiatives, or how much the total collection is expected to be.
The government’s new proposal will be divided into two projects, one to improve tax compliance and the other to adjust income tax focused on those with greater resources.
“This initiative will also include tax incentives for investment, productivity and formalization, as well as benefits for the middle class and a new regime for smaller companies,” he said.
He specified that the tax incentives would be equivalent to 0.5 points of the Gross Domestic Product (GDP).
The first project includes measures that seek to increase tax collection through legal modifications that do not imply a tax increase, which would increase tax collection by 1.5% of the GDP in net terms, according to a government minute.
Meanwhile, the second will be focused on income tax for both companies and individuals and will include incentives for investment, productivity and formalization, as well as benefits for the middle class and the new tax regime for smaller companies, which would have a fiscal cost of 0.5% of GDP.
At the investment level, tax incentives such as semi-instantaneous depreciation and a tax credit fund for investments with a multiplier effect on activity, employment and environmental sustainability are proposed.
It also commits to reduce by 30% the processing time for mining projects, according to the minutes.
Additionally, the plan includes five priority areas of productive diversification that by 2026 foresees three or four new lithium projects, two thirds of the energy matrix with renewable sources, 10-12 projects in the development of green hydrogen and an increase in the digital economy.
The original tax reform bill was rejected in March by the deputies and the government could only insist on its passage through the Senate.
International
Heat wave puts more than 70 million Americans under alerts as temperatures near 46°C
More than 70 million people remained under heat alerts Monday as an intense heat wave continued across the southern United States, particularly Florida and states along the Mexican border, where temperatures and heat indexes could reach as high as 46 degrees Celsius, according to the National Weather Service (NWS).
Several cities recorded or tied temperature records over the weekend and into Monday, including Miami and Fort Lauderdale in Florida; Laredo, Borger and Austin’s airport in Texas; Atlanta, Georgia; Raleigh and Charlotte, North Carolina; and Memphis, Tennessee.
The NWS warned that the heat wave will continue affecting the southern and southeastern United States, with maximum temperatures expected to remain near 38°C to 40°C for several days. The heat index, which combines temperature and humidity to estimate how hot conditions feel, could reach 46°C.
The extreme heat is also spreading into the Southwest, where temperatures began rising again between Monday and Tuesday. Forecast highs in the region range from about 38°C to 43°C.
Heat alerts remain in effect across Nevada, Arizona and California, including areas in southern Arizona and California near the Mexican border, as authorities warn of the risks posed by prolonged extreme temperatures.
The NWS urged residents to limit outdoor activity, stay hydrated, ensure access to air conditioning or cooling centers, and check on vulnerable friends, neighbors and family members.
The United States is experiencing a summer marked by above-average temperatures and repeated heat waves. One of the most intense episodes occurred during the July 4 weekend, when extreme heat was blamed for roughly 30 deaths.
July was the hottest month ever recorded in the United States since measurements began, with the average temperature across the contiguous country approaching 25°C, according to the National Oceanic and Atmospheric Administration (NOAA).
The combination of extreme heat and drought conditions has also fueled wildfires. Nearly 3 million hectares have burned across the country so far in 2026, making it the largest area affected by wildfires in a decade.
International
Trump warns Iran over nuclear ambitions as U.S.-Iran ceasefire deadline passes
U.S. President Donald Trump reiterated Monday that Iran must never be allowed to obtain a nuclear weapon, as a 60-day deadline set under a memorandum of understanding between Washington and Tehran expired without an agreement to end the conflict in the Middle East.
“The number one goal is, and always will be, that Iran cannot have, in any way or under any circumstances, a nuclear weapon,” Trump wrote in a post on his Truth Social platform.
The memorandum, signed on June 17, called for an “immediate and permanent cessation of military operations on all fronts” as part of a broader negotiation process aimed at ending the conflict. However, the deadline expired Monday without a peace agreement, while both Washington and Tehran continued to maintain their respective positions.
The expiration is largely symbolic, as military clashes resumed during the 60-day period. The Strait of Hormuz also remains blocked, contributing to elevated global oil prices.
Trump escalated his rhetoric toward Tehran last Friday, saying he planned to declare the Strait of Hormuz U.S. territory after defeating Iran.
“After we finish defeating Iran, which is being very badly defeated, very soon I will essentially declare the Strait of Hormuz U.S. territory,” Trump said during a political rally in Long Island, New York. He also claimed that the United States currently controls the passage of vessels through the strategic waterway.
Meanwhile, U.S. Treasury Secretary Scott Bessent said Washington is preparing additional economic measures against Iran that he described as unprecedented.
“Stay tuned for new announcements next week because we are going to implement measures unlike anything ever seen in the history of the economic isolation of a country,” Bessent said.
The Treasury secretary indicated that the measures would form part of a broader “double hit” strategy that could also involve maintaining the blockade of Iranian ports.
International
Brazil’s Lula and Flávio Bolsonaro kick off election campaigns amid focus on crime
Public security took center stage Sunday as Brazilian President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro formally launched their election campaigns, positioning themselves as the leading rivals ahead of the October presidential vote.
Lula, who leads most opinion polls, kicked off his campaign at the Vila Euclides stadium in São Bernardo do Campo, in São Paulo state, while Bolsonaro held his event in Rio de Janeiro, a political stronghold of his family.
During his speech, Lula announced plans to create a new Ministry of Public Security aimed at strengthening coordination between the federal government and Brazil’s states in the fight against crime.
The president pledged a tougher strategy to reclaim territories controlled or influenced by criminal groups. The proposed ministry would help “share responsibilities with the states” and confront those who seek to control favelas and impoverished neighborhoods, Lula told supporters.
The initiative places public security at the heart of Lula’s campaign as he seeks another term in office amid persistent concerns over crime and organized criminal activity in Brazil.
Lula also used his first campaign speech to reinforce his position as a leading figure of Brazil’s left and to criticize his political opponents on the right.
“I will not allow the right to take power,” Lula said, accusing his opponents of having previously mocked children who died because they lacked access to medicine.
“I don’t know what future these people imagine for the Brazilian people,” he added.
Heat wave puts more than 70 million Americans under alerts as temperatures near 46°C
Trump warns Iran over nuclear ambitions as U.S.-Iran ceasefire deadline passes
Brazil’s Lula and Flávio Bolsonaro kick off election campaigns amid focus on crime
Actress Hayden Panettiere Dies at 36, Representative Confirms
Luigi Mangione Pleads Guilty to Killing UnitedHealthcare CEO Brian Thompson
ICE Plan to Equip Agents With Electric Shock Gloves Raises Abuse Concerns
Three U.S. Executions Set for Same Day as Trump Pushes to Expand Death Penalty
Colombia Earthquake Death Toll Reaches 265 as Rescue Teams Race Against Time
Actress Hayden Panettiere Dies at 36, Representative Confirms
Three U.S. Executions Set for Same Day as Trump Pushes to Expand Death Penalty
Colombia Earthquake Death Toll Reaches 265 as Rescue Teams Race Against Time
Trump warns Iran over nuclear ambitions as U.S.-Iran ceasefire deadline passes
Heat wave puts more than 70 million Americans under alerts as temperatures near 46°C
ICE Plan to Equip Agents With Electric Shock Gloves Raises Abuse Concerns
Brazil’s Lula and Flávio Bolsonaro kick off election campaigns amid focus on crime
Luigi Mangione Pleads Guilty to Killing UnitedHealthcare CEO Brian Thompson
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