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Brussels to invest €45bn in Latin America and Caribbean by 2027

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Brussels to invest €45bn in Latin America and Caribbean by 2027

The announcement came as leaders from both sides met in the Belgian capital for the EU-CELAC summit on Monday.

The European Union has committed to investing up to €45 billion in both Latin America and countries in the Caribbean by 2027.

European Commission President, Ursula von der Leyen, said that the money will take the form of concrete investments, including in the green energy sector, with the idea being to counterbalance, among others, China’s influence in the region.

Also because the EU needs critical raw materials and South America holds 85% of the world’s lithium reserves, among other rare earth minerals.

“What we want to discuss today is how to further connect our people and our businesses, how to reduce risks and strengthen and diversify our supply chains, and how to modernise our economies in a way that reduces inequalities and benefits all,” von der Leyen said on Monday.

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“All of this is within our reach if we get the EU-Mercosur agreement over the finish line, and we are committed to resolving any remaining differences as soon as possible.”

In a meeting with von der Leyen, Brazilian President Lula da Silva also showed the country’s commitment to finalising the ratification of the Mercosur trade deal.

But at the same time, he responded to European demands for additional commitments on high environmental criteria for stopping Amazon deforestation, which he considered “unreasonable”.

“Everyone knows that Brazil will do its part on the climate issue. We have a commitment to zero deforestation in the Amazon by 2030,” da Silva said.

“And during this debate we want to make the European Commission understand that there are 50 million inhabitants in the South American Amazon who need decent and dignified survival conditions.”

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Besides environmental concerns, the deal is also being contested in Europe for its implications for the agricultural sector, with Austria and France the more critical countries.

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What to know about Linda McMahon, Trump’s pick for Education secretary

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What to know about Linda McMahon, Trump’s pick for Education secretary

WASHINGTON (AP) — Linda McMahon has been a constant presence in Donald Trump’s tumultuous orbit, serving in his first administration and supporting his presidential campaigns. Now he’s chosen her to serve as Education secretary.

Here’s a look at McMahon’s background, from business to politics.

McMahon went from wrestling to politics

McMahon is married to Vince McMahon, whose father was a prominent professional wrestling promoter. They followed him into the business, founding their own company that’s now known as World Wrestling Entertainment, or WWE. It became a juggernaut in the industry and American culture.

When Trump was the star of the reality show “The Apprentice,” he made an appearance at Wrestlemania in 2007. The billionaire entertainment mogul participated in an elaborately scripted feud that ended with Trump shaving off Vince McMahon’s hair in the middle of the ring.

Linda McMahon stepped down from her position as WWE’s chief executive to enter politics. She ran twice for a U.S. Senate seat in Connecticut, but lost in 2010 to Richard Blumenthal and in 2012 to Chris Murphy.

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Shifting gears, she focused on providing financial support to candidates. McMahon provided $6 million to help Trump’s candidacy after he secured the Republican presidential nomination in 2016.

What to know about Trump’s second term:

Follow all of our coverage as Donald Trump assembles his second administration.

Teaching was an initial career goal

McMahon served on the Connecticut Board of Education for a year starting in 2009. She told lawmakers at the time that she had a lifelong interest in education and once planned to become a teacher, a goal that fell aside after her marriage.

She also spent years on the board of trustees for Sacred Heart University in Connecticut.

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McMahon is seen as a relative unknown in education circles, though she has expressed support for charter schools and school choice.

McMahon was part of Trump’s first presidency

A month after defeating Hillary Clinton, Trump chose McMahon as leader of the Small Business Administration. The agency gives loans and disaster relief to companies and entrepreneurs, and it monitors government officials’ compliance with contract laws.

When McMahon was chosen, she was praised by Blumenthal and Murphy, the two Connecticut Democrats who defeated her in Senate campaigns. Blumenthal called her “a person of serious accomplishment and ability,” while Murphy said she was a “talented and experienced businessperson.”

Unlike other members of Trump’s first administration, McMahon was not shadowed by scandal or controversy. She frequently promoted his trade and tax policies.

“She has been a superstar,” Trump said when she left the administration in 2019. “The fact is, I’ve known her for a long time. I knew she was good, but I didn’t know she was that good.”

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She kept supporting Trump after leaving the administration

McMahon didn’t leave Trump’s orbit. She chaired America First Action, a super PAC that backed Trump’s reelection campaign in 2020. He lost to Democrat Joe Biden, and McMahon helped start the America First Policy Institute to continue advocating for Trump’s agenda and prepare for a potential return to the White House.

When Trump ran for president this year, McMahon was the co-chair of his transition team along with Howard Lutnick, the chief executive of financial services company Cantor Fitzgerald. As part of that role, McMahon has been helping to plan Trump’s new administration.

Once he takes office, perhaps McMahon’s biggest task will be to eliminate the agency she was hired to oversee. Trump has promised to close the Education Department and return much of its powers to states. Trump has not explained how he would close the agency, which was created by Congress in 1979 and would likely require action from Congress to dismantle.

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Brazil's first lady aims explicit joke at key target of husband's administration: 'F–k you, Elon Musk'

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Brazil's first lady aims explicit joke at key target of husband's administration: 'F–k you, Elon Musk'

The first lady of Brazil turned heads when she dropped an f-bomb directed at Tesla CEO Elon Musk during an official event over the weekend.

At the time, Brazil’s first lady, Janja Lula da Silva, was speaking about misinformation on social media during a pre-G20 social event on Saturday. The G20 summit began on Monday in Rio de Janeiro.

Lula, who is married to Luiz Inácio Lula da Silva, stopped mid-speech when she heard a ship’s horn blaring in the distance.

“I think it’s Elon Musk,” the first lady joked in Portuguese. “I’m not afraid of you, by the way.”

ELIZABETH WARREN GETS SARCASTIC AFTER TRUMP TAPS MUSK, RAMASWAMY FOR DOGE: ‘YEAH, THIS SEEMS REALLY EFFICIENT’

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Janja Lula da Silva told an explicit joke about Elon Musk over the weekend ahead of the G20 summit. (Getty Images)

“F–k you, Elon Musk,” Lula added in English, prompting cheers from the audience.

The clip, which was posted on X, drew the attention of Musk, who responded with laughing emojis.

“They will lose the next election,” the entrepreneur wrote.

‘FIRST BUDDY’: ELON EARNS FAMILY STATUS IN TRUMP WORLD AS MUSK EXPANDS POLITICAL FOOTPRINT

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Lulas with Erdogan

Turkish President Recep Tayyip Erdoğan and his wife, Emine Erdoğan, are welcomed by Brazilian President Luiz Inácio Lula da Silva and his wife, Janja Lulu da Silva, as they pose for a photo during the G20 Leaders Summit in Rio de Janeiro on Nov. 17, 2024. (Turkish Presidency/Handout/Anadolu via Getty Images)

Brazil banned X in September, prompting outrage across the world. Brazilian Supreme Court’s Justice Alexandre de Moraes imposed the ban, citing misinformation on X, which the judge felt was not adequately moderated on the platform.

The country lifted the ban a month later, and de Moraes wrote that the decision “was conditioned, solely, on [X’s] full compliance with Brazilian laws and absolute observance of the Judiciary’s decisions, out of respect for national sovereignty.”

“X is proud to return to Brazil,” X said in a statement at the time. “Giving tens of millions of Brazilians access to our indispensable platform was paramount throughout this entire process. We will continue to defend freedom of speech, within the boundaries of the law, everywhere we operate.”

Janja Lula da Silva smiling

Janja Lula da Silva speaks to supporters during a gathering with artists, politicians and other personalities one week before the presidential elections at Auditório Celso Furtado on Sept. 26, 2022, in São Paulo, Brazil. (Alexandre Schneider/Getty Images)

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The Brazilian first lady’s joke took place two days before the G20 summit officially began. President Biden was present at the summit, though he did not appear during the annual family photo with fellow world leaders and missed the photo-op “for logistical reasons,” the White House said.

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Reuters and the Associated Press contributed to this report.

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G20 Summit: Brazil's president calls for more action on climate change

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G20 Summit: Brazil's president calls for more action on climate change

President Luiz Inácio Lula da Silva’s comments came the day after representatives of the G20 nations endorsed a joint statement that called for a pact to combat hunger, more aid for Gaza, an end to the war in Ukraine and other goals.

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Brazil’s president opened the second day of the G20 Summit by calling for more action to slow global warming, saying developed nations must speed up their initiatives to reduce harmful emissions.

Luiz Inácio Lula da Silva focused Tuesday’s session on environmental challenges, saying developed nations should consider moving their 2050 emission goals forward to 2040 or 2045.

“The G20 is responsible for 80% of greenhouse effect emissions,” Lula said. “Even if we are not walking the same speed, we can all take one more step.”

During the summit, which was held at Rio de Janeiro’s Modern Art Museum, G20 leaders gathered to discuss changes in the world order from heightened global tensions to changes on the international political stage.

The agenda focused on working to reinforce multilateral cooperation before US President-elect Donald Trump assumes office in January.

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EU leaders also took the opportunity to hold bilateral meetings on the sidelines of the summit.

In a meeting with Chinese President Xi Jinping, French President Emmanuel Macron reaffirmed France’s commitment to strengthening relations with China and insisted that the two countries shared the same views on promoting peace in Ukraine.

“The world in which we live, as you just reminded us, is made up of instabilities, tensions and growing wars. And I believe that we truly share a common vision in upholding the United Nations Charter and promoting a peace agenda,” Macron told Jinping.

“We meet again on the 1000 day of the War of Aggression launched by Russia against Ukraine, and I know that you share, as we do, the desire for a lasting peace, respectful of the United Nations Charter, and that you share, as we do, the same concern after Russia’s bellicose and escalating declarations of nuclear doctrine,” he added.

A joint statement signed by representatives of the G20 nations on Monday night called for urgent humanitarian assistance and better protection of civilians caught up in conflicts in the Middle East, plus affirmed the Palestinian right to self-determination.

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It also included Brazil’s proposal to tax billionaires’ income by 2%, focused on ways to eradicate world hunger and pledged to work for ‘transformative reform’ of the UN Security Council.

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