Brazil’s President Luiz Inacio Lula da Silva announced on Tuesday 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 (13 August) 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.
A maritime dispute between Washington and Madrid is escalating after a U.S. federal agency proposed new measure...
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Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
Thousands of young Georgians leave the country each year in search of better economic opportunities, with many moving west. As questions grow over Georgia’s European path, AnewZ spoke to people who have emigrated about what it would take for them to return.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
A maritime dispute between Washington and Madrid is escalating after a U.S. federal agency proposed new measures that could affect Spanish shipping companies and a range of exports headed to the American market.
Kenya has confirmed a second case of Ebola, intensifying efforts to prevent the spread of the virus after the country recorded its first-ever infection earlier this month.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
A 62-year-old man died on Wednesday after floodwaters swept his car into the sea on the Greek island of Rhodes, as torrential rain flooded roads, stranded vehicles and disrupted transport across the island.
A failure by the U.S. and Iran to reach an agreement on a UN-backed fertiliser shipping plan for the Strait of Hormuz within weeks could trigger a food security crisis in parts of Asia and Africa, a senior UN official has warned.
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