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The Latest Breaking News from Fernando Haddad

Brazil's Real Hits Record Low Against US Dollar

Brazil's real hits historic low against the dollar due to government spending concerns and market uncertainties. President Lula defends fiscal responsibili...

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Brazil's currency drops to weakest level yet 4 as Lula's fiscal measures debated

Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending

The Independent UK

Brazil's 2026 Elections, Without Lula Or Bolsonaro?

Brazil's 2026 presidential election may offer a field of candidates featuring neither incumbent Luiz Inacio Lula da Silva nor far-right rival Jair Bolsonaro.

International Business Times

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Attempt to arrest Brazilian music star highlights boom in online gambling

Arrest order for Gusttavo Lima, swiftly overturned, shows unregulated betting as criminal headache and health crisis

The Guardian - US

G20 finance ministers agree to work toward effectively taxing the super-rich

Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich

The Independent UK

G20 Seeks Common Ground On Taxing Super-rich

G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations.

International Business Times

At IMF, Brazil And France Renew Push For 'Fairer' International Taxation

The international community must do more to make the world's richest companies and individuals pay their "fair" share of taxes, Brazil and France's finance ministers said Wednesday.

International Business Times

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Divided G20 Blocked By 'Impasse' Over Ukraine, Gaza

The first G20 finance ministers' meeting of the year ended Thursday without a joint statement due to deep divisions over the wars in Ukraine and Gaza, officials said.

International Business Times

Brazil Urges G20 Ensure 'Super-rich Pay Fair Share' Of Taxes

Brazil's finance minister called Thursday for an international plan to ensure the world's super-rich pay their taxes, urging G20 nations to adopt a shared stance on preventing billionaire tax-dodging by July.

International Business Times

Haddad Unveils Creative Tax Tweaks for Brazil's Balanced Economy

Get ready for Brazil's tax tweaks roller coaster! Haddad brings some creative moves to balance the public accounts and give the economy a much-needed boost.

Top News

Brazil's Lula unveils $200 billion infrastructure plan as skeptics caution about spending spree

Brazilian President Luiz Inácio Lula da Silva has unveiled a plan to spend 1 trillion reais (nearly $200 billion) on infrastructure, energy and transportation over the next four years in a bid to boost economic growth and employment in Latin America’s largest nation

The Independent UK

Brazil's Haddad raises concerns about economic situation, drought in Argentina

Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina's economic challenges and a major drought there could affect the country's "political destiny" and usher in an extremist government.

Reuters

Yellen highlights common goals with Brazil on climate, development

U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday.

Reuters

Brazil's Haddad backs longer-term target for inflation, no talk of goal change

Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates.

Reuters

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Reuters

Lula government discusses Brazil's new fiscal framework with lawmakers

Brazilian President Luiz Inacio Lula da Silva plans to unveil a long-awaited new fiscal framework before he travels to China at the end of the week but wants the proposal discussed privately with congressional leaders first, Finance Minister Fernando Haddad said on Monday.

Reuters

Brazil govt to resume fuel taxes -ministry

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

Reuters

Debate grows among Lula's team over Brazil fuel tax policy

A debate has broken out among senior aides to Brazilian President Luiz Inacio Lula da Silva over fuel taxes, underlining the competing views within his circle over the future path of his nascent leftist administration.

Reuters

Brazil's finance ministry to back minimum wage increase starting in May -sources

Brazil's finance ministry sees room for leftist President Luiz Inacio Lula da Silva to raise the minimum wage as of May at a cost of up to 5 billion reais ($975 million) to the government, two sources in the ministry told Reuters on Friday.

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Reuters

Lula floats shared 'trading currency' during Argentina trip

Brazil and Argentina are in early talks to establish a shared unit of value for bilateral trade to reduce reliance on the U.S. dollar, Brazilian President Luiz Inacio Lula da Silva said on Monday, though the move is not aimed at replacing existing currencies.

Reuters

Brazil and Argentina to discuss common currency

Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.

Reuters

Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

Brazil's delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday.

AFP

Lula puts diverse new face on Brazil government

Brasília (AFP) - Brazil's new President Luiz Inacio Lula da Silva held his first cabinet meeting Friday, getting down to the business of "rebuilding" and "reunifying" the country after his divisive election battle with far-right predecessor Jair Bolsonaro.

AFP

Brazil's Lula gets to work vowing clean break with Bolsonaro

Brasília (AFP) - President Luiz Inacio Lula da Silva held his first cabinet meeting Friday, vowing to work with Congress and run a government of traditional technocrats to "rebuild" Brazil after the "authoritarianism" of predecessor Jair Bolsonaro.

Reuters

Criticism of Lula's economic plans mounts as Brazil markets tank

Criticism of Brazilian President Luiz Inacio Lula da Silva's economic policies grew on Wednesday, with analysts and a leading newspaper slamming ministers after local markets tanked in the leftist's first two days in office.

Reuters

Brazil markets tumble on Lula's first full day in office

Brazilian markets delivered a withering verdict on leftist President Luiz Inacio Lula da Silva's first full day in office on Monday, after he pledged to prioritize social issues and ordered a budget-busting extension to a fuel tax exemption.

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