Brazil Weighs Measures on US Dividends, Tech Firms, Reports Say
Brazil's government is studying potential responses to further sanctions by US President Donald Trump, including a limit on dividend payments by US companies with operations in Brazil, according to O Estado de S. Paulo newspaper.
President Luiz Inacio Lula da Silva's government is intensifying its deliberations on possible measures after the US government announced it was revoking visas for some Brazilian Supreme Court justices. The move came after Justice Alexandre de Moraes sent police to raid the home of ex-President Jair Bolsonaro ahead of his trial on charges he attempted a coup to remain in power.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
3 hours ago
- Bloomberg
Venezuela Bonds Get Mild Boost as Prisoner Swap Sparks Optimism
The usually idle market for Venezuelan bonds got a jolt this week after a high-profile prisoner exchange between the US and the South American oil nation reignited hopes of broader political negotiations. The country's sovereign notes, in default for years, advanced across the curve after a deal to release 250 Venezuelans jailed in El Salvador in exchange for 10 American citizens was confirmed last Friday. Caracas later said that it would discharge a total of 80 people, including a former opposition lawmaker.
Yahoo
3 hours ago
- Yahoo
Europeans to test Iran's appetite for nuclear compromise as sanctions loom
By John Irish and Parisa Hafezi PARIS (Reuters) -France, Britain and Germany will hold face-to-face talks with Iran on Friday for the first time since U.S. and Israeli strikes on Iranian nuclear sites in June, aiming to gauge Tehran's appetite for a compromise to avert sanctions, diplomats say. The three European countries, along with China and Russia, are the remaining parties to a 2015 deal - from which the U.S. withdrew in 2018 - that lifted sanctions on Iran in return for restrictions on its nuclear programme. Friday's talks between senior diplomats from the so-called E3 group and Iran's negotiating team will be held in Istanbul. The United States held five rounds of talks with Iran prior to its airstrikes in June, which U.S. President Donald Trump, said had "obliterated" a programme that Washington and its ally Israel say is aimed at acquiring a nuclear bomb. Iran denies seeking a nuclear weapon. European and Iranian diplomats say there is no prospect of Iran re-engaging with the U.S. at the negotiating table for now. But the Europeans say negotiations must be revived due to a halt in inspections of nuclear facilities by the International Atomic Energy Agency (IAEA) and as an October 18 deadline for the expiration of the 2015 deal draws closer. They also want answers over the location of 400 kg (880 pounds) of near-weapons grade highly enriched uranium, whose whereabouts have not been known since last month's strikes. "We are determined to do everything to reach a diplomatic solution," German Foreign Minister Johann Wadephul told a press conference in Paris on July 18. SNAPBACK OR EXTENSION? Under the terms of the U.N. Security Council resolution enshrining the 2015 deal, U.N. sanctions could be reimposed before the agreement expires - a process that would take about 30 days. The E3, who do not want to lose leverage by letting the deal expire, have warned that unless there is a new nuclear accord they will launch the "snapback mechanism", which would restore all previous U.N. sanctions on Iran, including on the oil, banking and defence sectors. With Russia - an ally of Iran - taking over the Security Council presidency in October, the three European countries have signalled that the latest window to reactivate the sanctions would be the end of August. Three European, one regional and an Iranian diplomat said the meeting in Istanbul would focus primarily on the issue of the snapback mechanism. They said the E3 would float the possibility to Iran of extending the snapback mechanism by up to six months. In return, Iran would need to make commitments on key issues, including eventual talks with Washington, full cooperation with the IAEA, and accounting for its stockpile of highly enriched uranium. Speaking to reporters at the U.N. on Wednesday, Iranian Deputy Foreign Minister Kazem Gharibabadi, who will be in Istanbul, said Tehran had agreed to allow a technical team from the IAEA to visit in the coming weeks. He warned that a triggering of the snapback mechanism would be met with a strong response from Tehran. It has previously threatened to leave the Non-Proliferation Treaty (NPT) over the issue. Gharibabadi added that he had heard about the possibility of an extension. "That's very premature now to discuss the issue of the extension. We have almost about three months actually, till the deadline of 18th of October," he said. A Trump administration official, speaking on condition of anonymity, said the U.S. was "coordinated" with the E3 when asked whether Washington was discussing the reimposition of sanctions with them, but declined to elaborate. Israel's Strategic Affairs Minister Ron Dermer was in Paris on Thursday and due to meet French officials for talks on various subjects, including Iran, four sources said. Israel launched the attacks on Iran saying it wanted to remove any chance of its arch-foe developing nuclear weapons. (Additional reporting by Alexander Ratz in Berlin, Michelle Nichols at the United Nations and Matt Spetalnick in Washington;Editing by Helen Popper)
Yahoo
4 hours ago
- Yahoo
Iran says it's ready for nuclear talks with the US but only if Washington rebuilds trust
TEHRAN, Iran (AP) — Iran is ready to engage in talks on its nuclear program with the United States, but only if Washington takes meaningful steps to rebuild trust, Deputy Foreign Minister Kazem Gharibabadi said Thursday. Iran is set to meet Friday in Istanbul with Britain, France and Germany, known as the E3 nations, and the European Union's deputy foreign policy commissioner. They will be the first talks since Iran's 12-day war with Israel in June, which involved U.S. B-52 bombers striking nuclear-related facilities in Iran. Gharibabadi said in a social media post Thursday that to enter negotiations, Iran sought 'several key principles' to be upheld. He said these included 'rebuilding Iran's trust — as Iran has absolutely no trust in the United States — avoiding the use of talks as a platform for hidden agendas such as military action, though Iran remains fully prepared for any scenario; respecting and recognizing Iran's rights under the Non-Proliferation Treaty, including enrichment in line with its legitimate needs; and the lifting of sanctions." Friday's talks will be held at the deputy ministerial level, with Iran sending Deputy Foreign Minister Majid Takht-e Ravanchi. A similar meeting was held in Istanbul in May. The stakes are high. European leaders have threatened to trigger a 'snapback' mechanism included in a 2015 nuclear deal with Iran, which would reimpose sanctions that were lifted in exchange for Iran accepting restrictions and monitoring of its nuclear program. The U.K., France and Germany were signatories to the 2015 deal. The U.S. withdrew in 2018 during the first term of President Donald Trump, who insisted the agreement wasn't tough enough. Iranian officials have warned that a move to reimpose sanctions would have consequences. Gharibabadi said earlier this week that it could force Tehran to withdraw from key non-proliferation agreements. In a letter to U.N. Secretary-General António Guterres, Iran's Foreign Minister Abbas Araghchi accused the E3 of hypocrisy, saying they failed to uphold their obligations under the 2015 deal while supporting Israel's recent strikes on Iran. In the recent conflict, U.S. B-52 bombers struck Iranian nuclear facilities in support of Israel's air campaign. Iran responded with missile attacks, including a strike on a U.S. base in Qatar, which President Masoud Pezeshkian insisted was not directed at the Qatari state. In an interview with Al Jazeera that aired on Wednesday, Pezeshkian said Iran is prepared for another war and accused Israel of attempting to assassinate him during a June 15 meeting of Iran's national security council in Tehran. Pezeshkian reiterated that Iran's nuclear program will continue within the framework of international law and insisted the country has no intention of pursuing nuclear weapons. 'Our nuclear capabilities are in the minds of our scientists,' he said, emphasizing Iran's position that future negotiations must be rooted in mutual respect, not threats. According to the official judicial news agency Mizan, at least 13 Iranian nuclear scientists were killed during the 12-day war between Iran and Israel. A spokesman for Iran's Atomic Energy Organization said Thursday the country's nuclear industry would recover from the recent attacks by Israel and the United States. 'Our nuclear industry is deeply rooted. What has roots cannot be harmed by attack or pressure — it will grow back and thrive again,' state TV quoted Behrouz Kamalvandi as saying. The International Atomic Energy Agency, known by the acronym IAEA, reported in May that Iran's stockpile of uranium enriched to 60% had grown to over 400 kilograms (882 pounds). That material, just below weapons-grade level, remains a central concern for the West. Despite the growing stockpile, Iran has said it remains open to diplomacy, though it recently suspended cooperation with the IAEA following legislation signed by Pezeshkian. The road ahead remains uncertain. While European officials say they want to avoid further conflict and are open to a negotiated solution, they have warned that time is running out. Solve the daily Crossword
