On Tuesday, Brazil’s President Luiz Inacio Lula da Silva announced a $5.55 billion credit plan to support exporters affected by recent U.S. tariff hikes, with additional backing through government purchases expected.
Speaking in an interview, Lula described the credit package as an initial step, noting that further support will come through government procurement initiatives.
The government is scheduled to officially announce the plan on Wednesday at a ceremony in Brasilia, according to Lula’s chief of staff.
Earlier reports indicated that the government might reallocate funds from a state development bank, BNDES, to finance the aid package.
This move comes after the United States raised tariffs on Brazilian imports from 10% to 50% earlier this month, exempting certain products such as orange juice and aircraft.
President Vladimir Putin held a phone conversation with North Korean leader Kim Jong Un on Tuesday, informing him about his scheduled meeting with U.S...
On Tuesday, a lawyer for California told a federal judge that the Trump administration’s use of National Guard troops in Los Angeles during immigrat...
On Tuesday, Brazil’s President Luiz Inacio Lula da Silva announced a $5.55 billion credit plan to support exporters affected by recent U.S. tariff h...
On Tuesday, Mexico extradited 26 suspected cartel members to the U.S. during increasing pressure from President Donald Trump to crack down on powerful...
Taylor Swift announced her 12th studio album, The Life of a Showgirl, on a podcast with NFL star Travis Kelce, revealing pre-orders for vinyl, cassett...
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
President Vladimir Putin held a phone conversation with North Korean leader Kim Jong Un on Tuesday, informing him about his scheduled meeting with U.S. President Donald Trump in Alaska later this week, according to the Kremlin.
On Tuesday, a lawyer for California told a federal judge that the Trump administration’s use of National Guard troops in Los Angeles during immigration enforcement operations was illegal, violating the Posse Comitatus Act (PCA), which restricts military involvement in civilian policing.
On Tuesday, Mexico extradited 26 suspected cartel members to the U.S. during increasing pressure from President Donald Trump to crack down on powerful drug organizations and combat the fentanyl crisis.
U.S. and Chinese trade officials plan to meet again in the coming months to discuss their economic relationship, as the two countries extended a tariff truce for 90 days.
On Tuesday, The United States has imposed sanctions on a Congolese militia, mining company, and Hong Kong exporters over armed violence and illegal mineral sales in eastern Congo, aiming to promote peace and economic stability in the region.
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