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REUTERS/Thaier Al Sudani/File Photo Acquire Licensing RightsDec 3 (Reuters) - Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only seeks to participate as an observer, Brazilian President Luiz Inacio Lula da Silva said on Sunday. Lula's remarks to reporters at the U.N. COP28 climate summit in Dubai clarified his statements a day earlier that Brazil would "participate" in OPEC+. "Brazil should join OPEC+, it could be an observer," Lula said on Sunday. "Brazil will never be a full member of OPEC, because we don't want to be. Petrobras will continue to do what it needs to do to help Brazil grow, but will expand beyond just oil to all energy, Lula added.
Persons: Luiz Inacio Lula da Silva, Al Sudani, Lula's, Lula, Jake Spring, Will Dunham Organizations: United Nations, Change, United Arab Emirates, REUTERS, OPEC, Petrobras, PETR4, São Paulo, Thomson Locations: Dubai, United Arab, Brazil, OPEC, Africa, Latin America, Berlin, São
Finally Souza, an innkeeper and community leader in Bela Vista do Jaraqui, said he rallied two dozen neighbors to drill a 60-meter well in the heart of the world's largest freshwater basin. With rivers forming the backbone of transportation across the Amazon region, the drought has disrupted access to food and medicine in dozens of cities. The Amazon, the world's largest rainforest, is regarded by scientists as a bulwark against climate change because its dense vegetation absorbs carbon and emits oxygen. The five researchers predicting a 2026 recovery said the effects of the drought could endure even longer if El Nino is prolonged. That would release huge amounts of carbon dioxide, contributing to climate change and wiping out a wealth of plant and animal species found only in the Amazon.
Persons: Bruno Kelly, Raimundo Leite de Souza, Souza, Luiz Inacio Lula da Silva, Michael Coe, we're, El Nino, Coe, El, Philip Fearnside, Henrique Barbosa, Eduardo Taveira, Taveira, Paulo Brando, Brando, Barbosa, Brad Haynes, Jake Spring, Ana Mano, Andre Romani, Suzanne Goldenberg Organizations: REUTERS, Rights, Rio, cobras, United, Reuters, Research Center, National Institute of, Research, University of Maryland, Honda, LG, Positivo, GIANTS, Yale University, Sao Paulo, Thomson Locations: Tefe, Amazonas, Brazil, Rights MANAUS, caimans, Bela Vista, Guyana, Suriname, French Guiana, Venezuela, Colombia, United Nations, U.S, South America, South, Pacific, North America, El Nino, University, Baltimore, Western Europe, Brazil's Amazonas, Manaus, Itacoatiara, Madeira Rivers, Sao Paulo, Sao
"Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal," the Brazilian foreign ministry spokesman said. A European official with knowledge of the talks said Argentina was no longer open to finalizing the deal on Mercosur. Argentine negotiators who were due to travel to Brasilia for final push to close the deal canceled their trip, a Brazilian government trade official told Reuters. Officials wanted to wrap up agreements before Argentina's Milei takes office on Dec. 10, as he has criticized the trade deal that took two decades to negotiate. Argentina's incoming foreign minister, Diana Mondino, said it was important to sign the EU-Mercosur accord after she visited Brasilia last Sunday to meet Brazil's foreign minister.
Persons: Javier Milei, Milei, Diana Mondino, Anthony Boadle, Marcela Ayres, Lisandra, Matthew Lewis Organizations: European Union, Mercosur, Argentine, Reuters, EU, Milei, Diplomats, Thomson Locations: BRASILIA, Argentina, Mercosur, Brasilia, American, Brazil, Argentine, Belen, Madrid, Jorgelina, Rosario, Buenos Aires
[1/2] People watch drones creating a 3-D display outside the United Nations Headquarters calling attention to the Amazon rainforest and climate change in New York U.S., September 15, 2023. The analysis by the nonprofit Amazon Conservation's MAAP forest monitoring program offers a first look at 2023 deforestation across the nine Amazon countries. That estimate is likely low as there are some holes in the data, Finer said. Brazil's Lula has led a push among its Amazonian neighbors and other rainforest countries to get rich nations to pay for woodland conservation. While the country is battling massive wildfires, many of them are not in the Amazon, Finer said.
Persons: Eduardo Munoz, Matt, Luiz Inacio Lula da Silva, Jair Bolsonaro, Carlos Nobre, Nobre, Brazil's Lula, Gustavo Petro, Jake Spring, David Gregorio Our Organizations: United Nations Headquarters, New York U.S, REUTERS, SAO PAULO, Reuters, United, University of Sao, Amazon, NASA, Union, Democratic, Watch, Thomson Locations: New York, Brazil, Colombia, Peru, Bolivia, United Nations, Jan, Puerto Rico, University of Sao Paulo, Amazon, Guyana, Suriname, Venezuela, COLOMBIA, PERU Brazil, Democratic Republic of Congo
Here's what you need to know:WHAT ARE CARBON OFFSETS? Supporters of carbon offsets see them as key means to help meet these goals. At the COP26 climate summit in Glasgow, negotiators reached a breakthrough agreement to regulate trading of carbon credits, in schemes first envisioned in Article 6 of the 2015 Paris Agreement. Separate from the offsets trading envisioned under the Paris Agreement, there are two existing types of carbon markets – compliance and voluntary. It is not yet clear how various existing carbon markets might play into the U.N.-run trading scheme, which also would depend on national laws.
Persons: Chris Pryor, Elizabeth Frantz, WHAT'S, Marco Berg, Gilles Dufrasne, IETA, Jake Spring, Kate Abnett, Susanna Twidale, Katy Daigle, Josie Kao Organizations: New England Forestry Foundation, REUTERS, KliK Foundation, BE, Carbon Market Watch, Compliance, European Union, London Stock Exchange Group, Thomson Locations: New, Hersey, New Hampton , New Hampshire, U.S, Glasgow, Paris, U.S ., California
Last week Milei, who travels to the United States on Sunday, had already softened his tone with China's communist leadership, thanking President Xi Jinping for a letter congratulating him. "I hope that our mutual time as presidents will be a stage for fruitful work and the construction of ties that consolidate the role Argentina and Brazil can and must fulfill in the concert of nations," Milei told Lula. The letter was delivered by his top foreign policy adviser, Diana Mondino, to Brazil's Foreign Relations Minister Mauro Vieira at a meeting in Brasilia. The new Argentine leader is closer politically and personally to former Brazilian President Jair Bolsonaro and has invited him to his inauguration. Milei meanwhile was set to travel to the U.S. on Sunday, a spokesperson told Reuters, noting he would attend a religious ceremony in New York and have meetings in Washington.
Persons: Javier Milei, Brazil's, Luiz Inacio Lula da Silva, Milei, Lula, Xi Jinping, Diana Mondino, Mauro Vieira, Jair Bolsonaro, Bolsonaro, Mondino, Vieira, Karina, Kristalina Georgieva, Gabriel Araujo, Lisandra, Jorge Otaola, David Gregorio, Stephen Coates Organizations: SAO PAULO, Foreign, Argentine, White, U.S . Treasury, International Monetary Fund, dollarizing, IMF, Thomson Locations: BRASILIA, BUENOS AIRES, Argentine, Brazil, United States, China, Argentina, Brasilia, Mercosur, New York, Washington, dollarizing Argentina, U.S, Sao Paulo, Buenos Aires
BUENOS AIRES, Argentina (AP) — Former President Donald Trump has told Argentina’s President-elect Javier Milei that he plans to travel to the South American country so the two can meet, Milei's office said Thursday. The office did not give a date for when Trump intends to be in Buenos Aires. The inauguration of Milei, a right-wing populist who has expressed admiration for Trump, is scheduled for Dec. 10. You will turn your country around and truly make Argentina great again,” Trump said in a video published on social media Tuesday. Milei has often been compared to Trump, whom he praised in an interview with former Fox News host Tucker Carlson earlier this year.
Persons: Donald Trump, Argentina’s, Javier Milei, Trump, , Luis Majul, Jair Bolsonaro, Eduardo Bolsonaro, ” Milei, ” Trump, Milei, Tucker Carlson, Joe Biden, Biden Organizations: Trump, GOP, Fox News Locations: BUENOS AIRES, Argentina, American, Buenos Aires, United States, Milei
BRASILIA, Nov 22 (Reuters) - Brazil's Senate took the lead on Wednesday to curb what lawmakers see as judicial overreach by the country's Supreme Court and passed a constitutional amendment that limits the ability of justices to rule on issues individually. The bill passed by a wide margin of 52-18 votes in two rounds of voting required for constitutional amendments. Lawmakers have accused the Supreme Court of usurping the legislative function of Congress with rulings on social issues such as the court's decision to facilitate gay marriage. Proposals in Congress include limiting the years justices can sit on the Supreme Court and an amendment that would allow lawmakers to undo court decisions they view as unconstitutional. "Attacking the Supreme Court, changing the way ministers are appointed, shortening their tenure in office, interfering with their internal functioning are political options that are not good for democracy," he told local media.
Persons: Jair Bolsonaro, Oriovisto Guimaraes, Roberto Barroso, Anthony Boadle, Sonali Paul Organizations: Brazil's Senate, Supreme, Thomson Locations: BRASILIA
By Anthony BoadleBRASILIA (Reuters) - Brazil's Senate took the lead on Wednesday to curb what lawmakers see as judicial overreach by the country's Supreme Court and passed a constitutional amendment that limits the ability of justices to rule on issues individually. The bill passed by a wide margin of 52-18 votes in two rounds of voting required for constitutional amendments. Lawmakers have accused the Supreme Court of usurping the legislative function of Congress with rulings on social issues such as the court's decision to facilitate gay marriage. Proposals in Congress include limiting the years justices can sit on the Supreme Court and an amendment that would allow lawmakers to undo court decisions they view as unconstitutional. "Attacking the Supreme Court, changing the way ministers are appointed, shortening their tenure in office, interfering with their internal functioning are political options that are not good for democracy," he told local media.
Persons: Anthony Boadle BRASILIA, Jair Bolsonaro, Oriovisto Guimaraes, Roberto Barroso, Anthony Boadle, Sonali Paul Organizations: Reuters, Brazil's Senate, Supreme
In some cases, it simply dissipates — mass protest as release valve. In others, it is repurposed by more strategic actors with clearer objectives, often political agents friendlier to the establishment and working to enclose the protest energy in a big centrist tent. In still others, the initial protests present the provocation around which outraged others can mobilize a reactionary backlash. The pattern holds not just across the poorer parts of the world, where Bevins concentrates, but in more affluent and outwardly “stable” parts of Europe and North America as well. Here, recent protests have been characterized by the same two distinctive features: their enormous scale and their mercurial shapelessness.
Persons: Bevins, , Lula Organizations: Occupy Wall, Tea Party Locations: Gezi Park, Turkey, Brazil, Chile, Ukraine, Hong Kong, Jair, Europe, North America
Asked for his reaction on Tuesday, Mexico's leftist President Andres Manuel Lopez Obrador said he respected the voters' verdict, but added that he believed Milei's win is unlikely to alleviate Argentina's problems. But other leftist Latin American leaders were more supportive. Chilean President Gabriel Boric and Brazil's President Luiz Inacio Lula da Silva both extended best wishes to Milei. Lula's congratulations came despite Milei's harsh criticism of the Brazilian leader on the campaign trail, where at one point Milei labeled Lula an "angry communist" and corrupt. Milei found enthusiastic support among right-wing populists, including former U.S. President Donald Trump and former Brazilian President Jair Bolsonaro, who Lula narrowly defeated last year.
Persons: Javier Milei, Alberto Fernandez, Andres Manuel Lopez Obrador, Milei's, Lopez Obrador, Evo Morales, Gustavo Petro, Gabriel Boric, Luiz Inacio Lula da Silva, Milei, Lula's, Lula, Vladimir Putin, Donald Trump, Jair Bolsonaro, I'm, Argentina's, Nayib Bukele, Bukele, Steven Grattan, David Alire Garcia, Rosalba O'Brien Organizations: Peronist, Colombian, Ukraine, U.S, Sao Paulo, Thomson Locations: China, Argentina, Buenos Aires, Venezuela, Colombia, Chilean, Moscow, Russia, Beijing, Sao
BUENOS AIRES, Nov 20 (Reuters) - Argentines expressed a mixture of ecstasy and trepidation on Monday after libertarian outsider Javier Milei, pledging radical fixes to the economy, swept to power with an election win over Peronist government rival Sergio Massa. "It's a great unknown," said Guillermo Toledo, a 51-year-old university professor in the capital Buenos Aires, who said he did not vote for Milei. Milei's win brought flag-waving crowds on Sunday night out to the Obelisk in downtown Buenos Aires, a traditional rallying point for supporters to cheer election or soccer wins. [1/2]Argentine president-elect Javier Milei's supporters celebrate after Milei wins the runoff presidential election, in Buenos Aires, Argentina November 19, 2023. Milei gives me hope things can change," Bernal said.
Persons: Javier Milei, Sergio Massa, Milei, Donald Trump, Jair, Guillermo Toledo, haven't, Milei's, Leandro Boses, Javier Milei's, Adriano Machado, Massa, Claudio Bernal, Bernal, Julia Eva Saggini, Mauricio Macri, Lucinda Elliott, Candelaria Grimberg, Rosalba O'Brien Organizations: Peronist, Argentine, REUTERS, Thomson Locations: BUENOS AIRES, Argentina, U.S, Buenos Aires
Tucker Carlson interviewed Javier Milei in September, boosting his candidacy. Milei is a far-right firebrand and showman, compared by some to Donald Trump. AdvertisementAfter the election of far-right outsider Javier Milei as Argentina's president Sunday, former Fox News host Tucker Carlson took a victory lap. Carlson posted a picture of himself posing with Milei, whose candidacy he boosted by interviewing him for his show on X in September. In the interview, Milei echoed the rhetoric of former US President Donald Trump, questioning the climate crisis, urging right-wingers to wage culture wars with liberals, and pledging to cut government spending to reduce Argentina's spiking inflation.
Persons: Tucker Carlson, Javier Milei, Milei, Donald Trump, Carlson's, , Carlson, Bauer, Trump, Hungary's Viktor Orbán, Jair, he's, soulmates Trump, Benjamin Gedan Organizations: Service, Fox News, University of Alabama, Reuters Institute, Fox, Trump, Latin America, Wilson Center, Associated Press Locations: Argentina, Washington
Global leaders react to Milei's Argentina victory
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +4 min
ARGENTINE PRESIDENT ALBERTO FERNANDEZ"I am a man of democracy, and I value nothing more than the popular verdict. I trust that tomorrow we can start working with Javier Milei to guarantee an orderly transition." FORMER ARGENTINA PRESIDENT MAURICIO MACRI"I congratulate Javier Milei for bravely representing the will to advance and prosper that lives in the hearts of Argentines. WHITE HOUSE NATIONAL SECURITY ADVISOR JAKE SULLIVAN"I congratulate Javier Milei on his election as president of Argentina and to the people of Argentina for holding free and fair elections. FORMER U.S. PRESIDENT DONALD TRUMP"Congratulations to Javier Milei on a great race for president of Argentina.
Persons: Javier Milei, ALBERTO FERNANDEZ, MAURICIO MACRI, JAKE SULLIVAN, DONALD TRUMP, ILAN GOLDFAJN, LUIZ INACIO LULA DA SILVA, SANTIAGO PENA, GUSTAVO PETRO, Milei, GABRIEL BORIC, Sergio Massa, LUIS LACALLE POU, DINA BOLUARTE'S, JAIR BOLSONARO, Javier Milei's, ARGENTINA DMITRY FEOKTISTOV, Brendan O'Boyle, Lidia Kelly, Chris Reese Organizations: ARGENTINE, IDB, PARAGUAYAN, America, URUGUAYAN, Thomson Locations: ARGENTINA, Argentina, Argentine, Colombia, Chile, Peru, Argentine Republic, South America, United States, Brazil, RUSSIAN, BRICS
CNN —Polls are open in Argentina for a high-stakes presidential run-off vote pitting far-right libertarian Javier Milei against the country’s left-leaning economy minister Sergio Massa. Both candidates were greeted warmly by supporters as they arrived to cast their votes Sunday, video from Reuters showed. Milei, dressed in a leather jacket, walked through a uproarious crowd of cheering spectators in Buenos Aires, clasping hands, waving and signing autographs. Milei, of the Liberty Advances coalition, arrives to vote in Buenos Aires, Argentina, Sunday, Nov. 19, 2023. Massa gestures as he speaks on the day of Argentina's runoff presidential election, in Tigre, on the outskirts of Buenos Aires, on November 19.
Persons: Javier Milei, Sergio Massa, Massa, , Matias Delacroix, Milei’s, Mariana Nedelcu, Jair Bolsonaro, CNN’s Stefano Pozzebon Organizations: CNN, Reuters, Liberty Advances, Former Locations: Argentina, Buenos Aires, Tigre, Bogota
Javier Milei: from TV pundit to the presidency
  + stars: | 2023-11-19 | by ( Maximilian Heath | ) www.reuters.com   time to read: +5 min
Argentine presidential candidate Javier Milei reacts during the closing event of his electoral campaign ahead of the November 19 runoff election, in Cordoba, Argentina, November 16, 2023. REUTERS/Matias Baglietto/file photo Acquire Licensing RightsBUENOS AIRES, Nov 19 (Reuters) - When Argentine libertarian Javier Milei announced his entry into politics in 2020 in a bid to "blow up" the system, few predicted that three years later the wild-haired economist and former TV pundit could reach the presidency. Against that backdrop, Milei and his Liberty Advances coalition have seen a dramatic rise in support, especially among the young. "He is the change that Argentina needs," said 28-year-old Milei voter Ayrton Ortiz at a rally in Buenos Aires ahead of the election. "If Javier combed his hair neatly, if Javier didn't get angry, would people ever have invited him to speak?"
Persons: Javier Milei, Matias Baglietto, he's, Milei, Al Capone, Sergio Massa, Massa, Donald Trump, Ayrton Ortiz, THATCHER, Javier, Javier didn't, Diana Mondino, John Oliver, Tucker Carlson, Argentine Pope Francis, Diego Maradona, Margaret Thatcher, Karina, Conan, Murray, Milton, Robert, Lucas, Patricia Bullrich, Juan Gonzalez, El, Maximilian Heath, Anna, Catherine Brigida, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, REUTERS, Peronist, Liberty, Fox News, Reuters, Thomson Locations: Cordoba, Argentina, BUENOS AIRES, Argentine, United States, Brazil, Buenos Aires, U.S
A self-described "anarcho-capitalist" candidate often compared to Donald Trump claimed victory in Argentina's presidential election. With a Milei victory, the country will swing to the right amid discontent over soaring inflation and rising poverty. AdvertisementArgentina's Economy Minister Sergio Massa conceded defeat to populist Javier Milei in Sunday's fiercely polarized presidential runoff even before the country's electoral authority released official results. AdvertisementThe vote took place amid Milei's allegations of possible electoral fraud, reminiscent of those from Trump and former Brazilian President Jair Bolsonaro. Without providing evidence, Milei claimed that the first round of the presidential election was plagued by irregularities that affected the result.
Persons: Donald Trump, Javier Milei's, Sergio Massa, , Javier Milei, Massa, Milei, Milei's screeds, I'm, Esteban Medina, Jenifer Pio, Pio, Ana Iparraguirre, Massa's, María Gabriela Gaviola, hasn't, isn't, Gaviola, I've, Patricia Bullrich, Milei's, Victoria Villaruel, Jair Bolsonaro Organizations: Argentina's, Service, Argentine, Massa, Associated Press, Peronist, University of Buenos Aires Law School, AP, Theater Locations: Buenos Aires, Argentina, Trump
BUENOS AIRES, Nov 17 (Reuters) - Argentina will vote in a run-off presidential election on Sunday, with Peronist Economy Minister Sergio Massa taking on libertarian outsider Javier Milei to determine the future of the region's second largest economy. It has one of the largest reserves of electric vehicle battery lithium, and huge shale gas and oil potential. Massa, the current government's wheeler-dealer 51-year-old economy chief, represents the ruling Union por la Patria (UP) coalition. The registry for the 2023 election is 35.4 million people and Argentines abroad can vote. In the runoff, the candidate who obtains the greatest number of total votes wins and would govern for a four-year term.
Persons: Sergio Massa, Javier Milei, Alberto Fernandez, Juan Peron, Evita, Donald Trump, Jair Bolsonaro, Massa, Milei, Patricia Bullrich, Juan Schiaretti, Pollsters, Maximilian Heath, Adam Jourdan, Andrew Cawthorne Organizations: Peronist Economy, Peronist, CARE, Monetary, WHO, La Libertad Avanza, U.S, la Patria, Pellegrini, Argentine Ministry of, REUTERS, Massa, WHAT'S, Investors, Thomson Locations: BUENOS AIRES, Argentina, China, Latin America, Brazilian, Peronism, Buenos Aires, Milei, Peronist
Donald J. Trump’s claims of election fraud already helped inspire one South American leader, former president Jair Bolsonaro of Brazil, to sow doubt about the security of his nation’s elections, leading to a riot in Brazil’s capital this year. Now, 1,500 miles to the south, there is a new Latin American politician warning of voter fraud with scant evidence, undermining many of his supporters’ faith in their nation’s election this Sunday. Javier Milei, a far-right libertarian economist and television personality, is competing to become Argentina’s next president in a runoff election. On the campaign trail, he has embraced comparisons to Mr. Trump and Mr. Bolsonaro, and, like them, has repeatedly warned that if he loses, it may be because the election was stolen. Mr. Milei has claimed, without evidence, that stolen and damaged ballots cost him more than a million votes in a primary election in August, or as much as 5 percent of the total.
Persons: Donald J, Trump’s, Jair Bolsonaro, Javier Milei, Argentina’s, Trump, Bolsonaro, Milei Locations: Brazil
To fix the problem, Argentina should abandon the peso and adopt the dollar, whose value is set by the US Federal Reserve and cannot be printed at will. Massa has criticized the plan for dollarization as a surrender of national sovereignty and attempted to show that the government’s current actions are already paying dividends. Other mainstream politicians, including former the President Mauricio Macri and another former election candidate, Patricia Bullrich, have endorsed Milei despite sharing some reservations on dollarization. ET) and the vote count is expected to be quick – barring any unforeseen problems or objections, that is. Milei appeared to question the results of the first round of voting in October, although his party did not formally appeal.
Persons: Argentina’s, Sergio Massa, Javier Milei, Milei, Massa, dollarization, Pope Francis, , Satan ”, Francis, Tucker Carlson, Milton Friedman, Argentinians, Mauricio Macri, Patricia Bullrich, Brazil’s Luiz Inácio Lula da Silva, Colombia’s Gustavo Petro, Spain’s José Luis Rodriguez Zapatero, Jair Bolsonaro, Mario Vargas Llosa, Mariano Rajoy, Donald Trump Organizations: CNN, Massa, Union por la Patria, Union, La Libertad, US Federal Reserve, Cato Institute Locations: Buenos Aires, Argentina, South America, Latin America, Ecuador, El Salvador, US, Argentina’s, Peruvian, Spanish
Luis Robayo/Pool via REUTERS/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 15 (Reuters) - Javier Milei shot to prominence lambasting Argentina's traditional political elite. Now the radical presidential election frontrunner is the mainstream conservatives' best shot at clinging onto power. If Milei loses, it could precipitate the fracturing of the conservative coalition between more right-wing and moderate wings. "There may be some Milei voters who get angry at an alliance with the 'caste', just as there may be Macri voters who get angry at an alliance with Milei," said Fornoni. "We don't know today what power Macri will have, if Macri will end up absorbing Milei or Milei absorbing Macri.
Persons: Javier Milei, Luis Robayo, Sergio Massa, Milei, Mauricio Macri, Patricia Bullrich, Donald Trump, Shila Vilker, Trespuntozero, Mariel Fornoni, GAMBLE, Massa, Pope Francis, Milei's, Macri, it's, Ezequiel Salinas, Fornoni, Lucila Sigal, Nicolás Misculin, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, University of Buenos, Law School, Peronist, Management, Bullrich, Reuters, Milei, Thomson Locations: University of Buenos Aires, Buenos Aires Argentina, BUENOS AIRES, China, Candelaria
By Lisandra ParaguassuBRASILIA (Reuters) - Brazil plans to expand its railway network with a 40 billion reais ($8 billion) fund that will be financed by removing discounts given to rail companies by previous government contracts, Transport Minister Renan Filho told Reuters. The Federal Audit Court is now reviewing those extensions after the government of President Lula da Silva disputed the discounts. "We think that some procedures adopted in the contracts are unacceptable," Filho said in an interview on Friday. According to the government, the companies owe an additional 40 billion reais ($8.1 billion) in unpaid concession payments. The government's goal is to have 40% of Brazil's freight, which is mostly iron ore, transported by rail, up from 17% today.
Persons: Renan Filho, Jair Bolsonaro, Lula da Silva, Filho, Rumo, São Paulo, Vale, Lisandra Paraguasu, Anthony Boadle, Emelia Sithole, Aurora Ellis Organizations: Reuters, Transport, Federal Audit Court, Vale, Rumo, TCU Locations: Paraguassu BRASILIA, Brazil, Carajas, Vitoria, Espirito Santo, São
The Brazilians are due back in Brazil late on Monday evening, the ministry said, and are expected to meet with President Luiz Inacio Lula da Silva. The Palestinian enclave has been under bombardment by Israel, which aims to destroy Hamas militants who attacked Israel from Gaza on Oct. 7. The slow pace of release of the trapped Brazilians increased friction between Brazil and Israel, which erupted last week after Israeli spy agency Mossad said it helped foil a Hezbollah attack in Brazil. An appearance by Israel's ambassador to Brazil with former President Jair Bolsonaro, a staunch Israel ally and longtime Lula political foe, also irked Brazilian officials. Reporting by Camila Moreira; Writing by Gabriel Stargardter; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
Persons: Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Camila Moreira, Gabriel Stargardter, Grant McCool Organizations: Hamas, Maxar Technologies, REUTERS Acquire, SAO PAULO, Thomson Locations: Rafah, Gaza, Egypt, Israel, Palestinian, Brasilia, Cairo, Brazil
AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.
Persons: , Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina
The Amazon jungle is the world’s largest rainforest and its protection is seen as vital to curbing climate change. “It’s an impressive result and seals Brazil’s return to the climate agenda,” said Marcio Astrini, head of advocacy group Climate Observatory. Still, this year’s deforestation rate remains nearly twice that of the all-time low in forest destruction in 2012 and far from Lula’s pledge to reach zero deforestation by 2030. Under the right-wing former president, destruction at the hands of ranchers, land speculators and miners surged to a 15 year high. The official annual period is measured from August to July as there is less cloud cover in the middle of the year to obscure deforestation on satellite images.
Persons: Luiz Inacio Lula da Silva, Jair Bolsonaro, Bolsonaro, , Marcio Astrini, Lula Organizations: CNN
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