Brazilian Finance Minister Fernando Haddad urged the European Union to consider the political significance of its trade deal with Mercosur rather than focusing solely on economic factors.
Speaking at a conference at Sciences Po university in Paris on Monday, Haddad emphasized that while the agreement may offer limited economic benefits for Mercosur, its political value is crucial for both parties.
“In my opinion, Europe should also take a political look at this agreement, not just discuss every single 'win or lose' clause in the text,” Haddad stated.
The EU-Mercosur free trade agreement, concluded in December, promises about 4 billion euros ($4.33 billion) in annual tariff reductions. However, the deal still awaits approval from EU member states and faces resistance from countries such as France and Italy.
Haddad argued that embracing multilateralism is essential amid the uncertainty caused by U.S. tariff policies. He also noted that the Brazilian finance ministry is committed to ensuring the success of COP30, which Brazil will host in November, as part of restoring global multilateralism.
The trade deal is seen as an opportunity for both blocs to strengthen ties and counterbalance a potentially fragmented global landscape.
A powerful 6.3‑magnitude quake rattled Indonesia’s remote Talaud Islands on Tuesday afternoon, shaking buildings as far away as the southern Philippines but causing no immediate injuries or damage.
At least 16 people, including women and children, lost their lives and over 30 others were injured when a passenger vehicle veered off the road and fell into a ravine in Pakistan’s Sindh province, local authorities said.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
The Kremlin says negotiations with Ukraine remain possible, but only if Kyiv removes unspecified obstacles, leaving the path to diplomacy uncertain.
Following the death of Pope Francis at the age of 88, the Catholic Church is preparing to elect his successor — a pontiff likely to reflect a more centrist or traditionally conservative vision, according to church analysts, according to the New York Post.
During a visit to India, U.S. Vice President JD Vance said both nations can build a win-win partnership in trade, defense, and energy, reaffirming President Trump’s support. His trip comes as India seeks a key trade deal before a tariff pause ends.
Beijing is accelerating efforts to strengthen economic ties with Taiwan, using trade, business incentives and cultural programmes to increase cross-strait interaction amid persistent political and security tensions.
A Russian airstrike on Zaporizhzhia killed one woman and injured 15 people, including two children, on Tuesday. Guided bombs struck residential areas, as drone attacks also hit Kherson and Kharkiv, Ukrainian officials said.
A shooting in India’s Kashmir region has left one person dead and seven injured, with suspected militants opening fire in the popular tourist destination of Pahalgam.
A powerful 6.3‑magnitude quake rattled Indonesia’s remote Talaud Islands on Tuesday afternoon, shaking buildings as far away as the southern Philippines but causing no immediate injuries or damage.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Early voting kicked off in Australia on Tuesday, with PM Albanese’s Labor Party holding a narrow lead over the opposition. Nearly half of voters are expected to vote early, as Liberal leader Dutton faces sinking support and controversy over policy ties to Trump.
Bulgaria is stepping up preparations to host the Ninth Global Conference on Wine Tourism this autumn in Plovdiv, with Minister of Tourism Miroslav Borshosh leading a series of high-level meetings to finalize venues and partnerships.
During a visit to India, U.S. Vice President JD Vance said both nations can build a win-win partnership in trade, defense, and energy, reaffirming President Trump’s support. His trip comes as India seeks a key trade deal before a tariff pause ends.
A Russian airstrike on Zaporizhzhia killed one woman and injured 15 people, including two children, on Tuesday. Guided bombs struck residential areas, as drone attacks also hit Kherson and Kharkiv, Ukrainian officials said.
A shooting in India’s Kashmir region has left one person dead and seven injured, with suspected militants opening fire in the popular tourist destination of Pahalgam.
During a visit to India, U.S. Vice President JD Vance said both nations can build a win-win partnership in trade, defense, and energy, reaffirming President Trump’s support. His trip comes as India seeks a key trade deal before a tariff pause ends.
Beijing is accelerating efforts to strengthen economic ties with Taiwan, using trade, business incentives and cultural programmes to increase cross-strait interaction amid persistent political and security tensions.
A Russian airstrike on Zaporizhzhia killed one woman and injured 15 people, including two children, on Tuesday. Guided bombs struck residential areas, as drone attacks also hit Kherson and Kharkiv, Ukrainian officials said.
A shooting in India’s Kashmir region has left one person dead and seven injured, with suspected militants opening fire in the popular tourist destination of Pahalgam.
A powerful 6.3‑magnitude quake rattled Indonesia’s remote Talaud Islands on Tuesday afternoon, shaking buildings as far away as the southern Philippines but causing no immediate injuries or damage.
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