International

Lula enters the municipal campaign at the last minute in the face of a divided bolsonarism in São Paulo

Brazilian President Luiz Inácio Lula da Silva entered at the last minute in the campaign for this Sunday’s municipal elections in support of his candidate in São Paulo, a key city and in which the far-right of former president Jair Bolsonaro is completely divided.

Lula, who had been almost absent from the campaign for the municipal elections, participated this Saturday in an act in favor of Guilherme Boulos, candidate for mayor of São Paulo, who with 9.3 million voters constitutes the largest electoral college in the country.

Both walked along the central Paulista Avenue, in an act without speakers due to the electoral ban and accompanied by several thousand followers of Lula, the great reference of Brazilian progressivism.

Boulos is a deputy of the Socialism and Freedom Party (PSOL) and is in coalition with the Workers’ Party (PT), of Lula, which has lost municipal weight and in these elections only has its own candidates for mayor in 1,379 of the 5,569 municipalities.

The Liberal Party (PL), which is led by Bolsonaro and had almost no national presence until 2018, when the far right broke out, has nominated 1,477 candidates for mayor, but in São Paulo it has been divided after the appearance of Pablo Marçal, a newcomer to politics even more extreme than the former president himself.

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Provocation as the norm of the dissident ultra-right

During the campaign, Marçal has insulted his opponents in every way, provoked to the power and spread lies in bulk, which have earned him sanctions from the electoral authorities and that one of his adversaries lost patience and attacked him with a chair in a debate broadcast on television.

However, with a style that borders on the patanería, it has slipped among the favorites and the polls attribute about 20% support, as well as to Boulos and the current São Paulo mayor and candidate for re-election, Ricardo Nunes, supported by Bolsonaro, who like Lula has remained distant from the campaign in São Paulo.

Marçal caused his last scandal this Friday, when he disclosed an alleged medical document according to which Boulos was a cocaine user, which was immediately denied by the socialist, who intends to bring the matter to criminal justice.

According to the polls, the election in São Paulo will go to a second round on October 27, as will happen in the 103 cities with more than 200,000 voters, if no candidate exceeds 50% of the votes.

Put in this way, it is not ruled out that that instance will be disputed in the strategic São Paulo by two references of the far right, which could put Bolsonaro himself in a brete.

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Rio de Janeiro and Belo Horizonte, the other jewels of the crown

The trilogy of municipal power, which can be important in the 2026 presidential elections for its influence from the local, is completed by Rio de Janeiro and Belo Horizonte.

In Rio de Janeiro, the second polling station in the country, with five million voters, everything favors the centrist Eduardo Paes, who aspires to re-election supported by Lula and has a voting intention ranging from 50 to 55%.

In Rio, Bolsonaro supports Alexandre Ramagem, of the PL, whom he accompanied this Saturday in an event in the populous northern area of the city and does not exceed 20% in the polls.

They are the centrist Fuad Noman, who aspires to re-election, his adversary in that same field Mauro Tramonte, and the bolsonarista Bruno Engler. Lula’s PT presents Deputy Rogério Correia, whose intention to vote does not reach 10%.

In the rest of the country, the panorama distances itself from the polarized dispute between Bolsonaro and progressism that prevails at the national level and favors center parties, which are the true faithful of the political balance and tend to lean, depending on the situation of the moment, towards one or the other extreme.

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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.