International

Bolsonaro disapproval rating surpasses 50% for first time

AFP

Brazilian President Jair Bolsonaro’s disapproval rating passed 50 percent for the first time, according to a poll published by the Datafolha Institute, marking a new low in the far-right leader’s declining popularity.

Bolsonaro’s gap to former leftist president Luiz Inacio Lula da Silva ahead of next year’s elections also increased from 18 to 21 percentage points.

The percentage of people that consider Bolsonaro to be doing a “bad” or “terrible” job increased from 45 percent in May to 51 percent in the poll conducted among more than 2,000 people from July 7-8 and published overnight Thursday to Friday.

Bolsonaro’s approval rating also remained at its lowest mark of 24 percent, set in May.

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His highest approval rating of 37 percent came in December 2020.

But his popularity started to plummet from January 2021, when the government stopped handing out subsidies to mitigate the economic crunch caused by the first wave of the coronavirus pandemic in the country of 212 million people.

And the fall continued as Brazil entered a second, and more lethal, pandemic wave at the beginning of 2021, followed by corruption allegations surrounding Bolsonaro’s handling of the health crisis, which has claimed the lives of 530,000 Brazilians.

In the election opinion polls, Bolsonaro’s share increased from 23 percent in May to 25 Percent, but the uptick fell short of Lula’s jump from 41 to 46 percent.

Former trade unionist Lula, 75, was denied the possibility of running against Bolsonaro in 2018, as he was serving a 12-year graft sentence linked to the Petrobras corruption scandal.

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But he was released 18 months later and in March had his convictions quashed on procedural grounds.

The Datafolha poll found the popular Lula would defeat 66-year-old Bolsonaro by 58 percent to 31 percent in a second round election run-off — another four percent increase on the difference in May.

Both men have their detractors, however, with Bolsonaro’s personal rejection rating rising from 54 to 59 percent and Lula’s creeping up from 36 to 37 percent.

Bolsonaro is the subject of a senate investigation over his handling of the pandemic, the seriousness of which he repeatedly downplayed.

He’s also being investigated by the public prosecutor for allegedly failing to act on an embezzlement tip off regarding coronavirus vaccine purchases.

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The opposition is pushing for the chamber of deputies president to open impeachment proceedings against Bolsonaro.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.