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.
Maritime traffic in and out of Iran will be controlled by the U.S. military Washington said. Iran warns of harsh response to the blockade. A two-we...
Afghanistan’s Foreign Ministry said on Sunday that talks with Pakistan had been positive, while Türkiye stressed the importance of stron...
South Korea is close to finalising an agreement to import crude oil from Kazakhstan, according to Industry Minister Kim Jung-kwan, as the country s...
The Iranian President, Masoud Pezeshkian, said that the U.S. hegemonic approach has been the main obstacle to r...
U.S. President Donald Trump forcefully criticised Pope Leo XIV late on Sunday in an unusually direct attack on the leader of the global Catholic Ch...
India’s foreign minister says trade talks with Washington are ongoing, but New Delhi must defend its key interests as U.S. tariffs loom.
The Congressional Budget Office (CBO) said Friday that continued global tariff hikes imposed by President Donald Trump could shrink the national deficit by $4 trillion over the next ten years.
Brazilian President Lula da Silva and French President Emmanuel Macron discussed U.S. tariffs and the Mercosur-EU trade deal in a phone call, aiming to finalise the long-awaited agreement by year-end.
The U.S. Commerce Department has expanded steel and aluminium tariffs on Tuesday, to include more than 400 products, aiming to protect domestic industries.
Hungarians vote in elections on Sunday that could see the end of hard right nationalist Prime Minister Viktor Orbán’s more than 15 year rule. Opinion polls show Orbán’s Fidesz party trailing 45-year-old Péter Magyar’s centre-right opposition Tisza party.
U.S. and Iranian negotiators held their highest-level talks in half a century in Pakistan on Saturday in an effort to end their six-week war, as President Donald Trump said the U.S. military had begun the process of clearing the Strait of Hormuz.
At least 30 people were killed on Saturday in a stampede at Haiti’s Laferrière Citadel World Heritage Site, with authorities warning that the death toll could rise.
Israel has reprimanded Spain’s most senior diplomat in Tel Aviv after a giant effigy of Prime Minister Benjamin Netanyahu was blown up in a Spanish town.
Nine suspects were arrested on Saturday (11 April) in connection with a terror attack targeting a police post in Istanbul’s Beşiktaş district.
U.S. President Donald Trump forcefully criticised Pope Leo XIV late on Sunday in an unusually direct attack on the leader of the global Catholic Church, triggering a backlash from religious leaders and believers worldwide.
Hungary’s veteran nationalist leader Viktor Orbán has lost power to the centre-right Tisza party in Sunday’s national election after 16 years in office, marking a major political shift that has drawn reactions across Europe and the United States.
South Korean President Lee Jae Myung and Polish Prime Minister Donald Tusk agreed on Monday to upgrade bilateral relations to a “comprehensive strategic partnership”, placing defence cooperation at its core.
Pope Leo XIV is set to make history this April, becoming the first pontiff ever to visit Algeria. The trip forms part of a wider African tour, taking him to Angola, Equatorial Guinea and Cameroon from 13–23 April, and marks his first major overseas trip of 2026.
Péter Magyar has defeated long-time Prime Minister Viktor Orbán in Hungary’s 2026 parliamentary election, ending more than a decade of Fidesz rule and marking a dramatic shift in the country’s political landscape. But what do we know about the man set to become the country's new PM?
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