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.
Myanmar’s military junta has rejected ceasefire proposals aimed at facilitating rescue efforts after a devastating 7.7-magnitude earthquake. As the death toll climbs to 2,719, with 400 missing and over 4,000 injured, military operations continue despite calls from opposition groups to pause the conf
Israeli Prime Minister Benjamin Netanyahu resumed his testimony at the Tel Aviv District Court on Tuesday, continuing his defense in the high-profile corruption trial, where he faces charges of bribery, fraud, and breach of trust.
The Pentagon has ordered the deployment of more military assets to the Middle East, responding to escalating tensions with Iran. US Defense Secretary Pete Hegseth confirmed on Tuesday that the move aims to bolster regional stability and enhance defense capabilities.
Australia is facing the continued emergence of new SARS-CoV-2 variants more than five years after COVID-19 was declared a pandemic.
An official welcome ceremony was held in Azerbaijan on April 2 for German President Frank-Walter Steinmeier, where he was greeted with a guard of honor and national anthems as part of his diplomatic visit.
The US Attorney-General has directed prosecutors to pursue the death penalty for the 26-year-old Luigi Mangione, the accused killer of UnitedHealth Group CEO. In official statement, Mangione’s lawyer Karen Friedman Agnifilo labeled the Attorney General’s move as “barbaric.”
Myanmar’s military junta has rejected ceasefire proposals aimed at facilitating rescue efforts after a devastating 7.7-magnitude earthquake. As the death toll climbs to 2,719, with 400 missing and over 4,000 injured, military operations continue despite calls from opposition groups to pause the conf
Israeli Prime Minister Benjamin Netanyahu resumed his testimony at the Tel Aviv District Court on Tuesday, continuing his defense in the high-profile corruption trial, where he faces charges of bribery, fraud, and breach of trust.
A recent report by the Eurasian Development Bank (EDB) has highlighted the critical role of irrigation in water management across Central Asia, where 79% of the region's water is allocated to agricultural use.
The Pentagon has ordered the deployment of more military assets to the Middle East, responding to escalating tensions with Iran. US Defense Secretary Pete Hegseth confirmed on Tuesday that the move aims to bolster regional stability and enhance defense capabilities.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
The US Attorney-General has directed prosecutors to pursue the death penalty for the 26-year-old Luigi Mangione, the accused killer of UnitedHealth Group CEO. In official statement, Mangione’s lawyer Karen Friedman Agnifilo labeled the Attorney General’s move as “barbaric.”
Myanmar’s military junta has rejected ceasefire proposals aimed at facilitating rescue efforts after a devastating 7.7-magnitude earthquake. As the death toll climbs to 2,719, with 400 missing and over 4,000 injured, military operations continue despite calls from opposition groups to pause the conf
Israeli Prime Minister Benjamin Netanyahu resumed his testimony at the Tel Aviv District Court on Tuesday, continuing his defense in the high-profile corruption trial, where he faces charges of bribery, fraud, and breach of trust.
Russian President Vladimir Putin has received President of Republika Srpska Milorad Dodik at the Kremlin on Tuesday night. He arrived in Moscow after a court in Bosnia and Herzegovina issued an international arrest warrant for Dodik, the leader of the Serb half of the country.
Elon Musk has reclaimed his position as the world's richest individual, surpassing Bernard Arnault on Forbes' 39th Annual Billionaires list, while President Donald Trump has seen his wealth more than double, highlighting significant shifts in the global financial landscape.
The US Attorney-General has directed prosecutors to pursue the death penalty for the 26-year-old Luigi Mangione, the accused killer of UnitedHealth Group CEO. In official statement, Mangione’s lawyer Karen Friedman Agnifilo labeled the Attorney General’s move as “barbaric.”
Myanmar’s military junta has rejected ceasefire proposals aimed at facilitating rescue efforts after a devastating 7.7-magnitude earthquake. As the death toll climbs to 2,719, with 400 missing and over 4,000 injured, military operations continue despite calls from opposition groups to pause the conf
Israeli Prime Minister Benjamin Netanyahu resumed his testimony at the Tel Aviv District Court on Tuesday, continuing his defense in the high-profile corruption trial, where he faces charges of bribery, fraud, and breach of trust.
A recent report by the Eurasian Development Bank (EDB) has highlighted the critical role of irrigation in water management across Central Asia, where 79% of the region's water is allocated to agricultural use.
The Pentagon has ordered the deployment of more military assets to the Middle East, responding to escalating tensions with Iran. US Defense Secretary Pete Hegseth confirmed on Tuesday that the move aims to bolster regional stability and enhance defense capabilities.
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