What We’re Watching: Brazil Rejects G7 Amazon Aid

Amazon aid rejected – G7 leaders agreed last weekend on an aid package of $22m to help Brazil put out thousands of fires raging across the Amazon rainforest. But despite earlier complaining that it lacked the resources to deal with the fires, Brazil has just rejected the offer, suggesting that it would best be used to "reforest Europe." Each year, farmers burn some forest acreage legally to clear land for pastures and planting, but critics say President Jair Bolsonaro's moves to loosen enforcement of rules, coupled with his anti-science rhetoric, have encouraged more fires than usual. Bolsonaro, a far right science skeptic, has bristled at international criticism about the Amazon. Last week he finally deployed more than 40,000 soldiers to squelch the blazes. The EU is holding up a massive trade deal with Brasilia over concerns about Bolsonaro's environmental policies.

Italy Reaches a Turning Point – Unless Italy's political parties can form a new government today, the country will go to snap elections. The current political crisis began earlier this month when the increasingly popular Matteo Salvini withdrew his Lega party from the governing coalition in order to force new elections he believed would make him prime minister. But if his former coalition partners in the anti-establishment Five Star Movement can now form a (once unthinkable) coalition with the center-left Democratic Party, Salvini's gamble will have backfired, leaving his party in opposition. As a reminder, debt-laden Italy is in the middle of a bitter fight with Brussels over how much money the Italian government is allowed to spend.

DR Congo (finally) forms a government – Eight months after Felix Tshisekedi was elected president of the Democratic Republic of Congo, replacing longtime strongman Joseph Kabila, the country has formed a new government. That election marked the DRC's first-ever peaceful transition of power, but some suspected that Tshisekedi – who defeated Kabila's preferred successor – had struck a secret deal allowing Kabila to stay in power behind the scenes. Kabila's political party controls 70 percent of parliament, and the new coalition government roughly mirrors the balance of power in the legislature, with nearly two-thirds of jobs going to Kabila loyalists, including prime minister and influential mining, defense, and finance ministry posts. We're watching to see whether this power-sharing agreement can produce real change in a country wracked by systemic corruption, ongoing political violence, and a raging Ebola epidemic.

What We're Ignoring

Nuking a Hurricane? – President Trump has denied media reports that he asked aides whether the US could avoid hurricane damage by hitting large storms with nuclear bombs before they make landfall. Whatever Trump may have said, this is a bad idea. Experts say that nuking a hurricane would simply create a radioactive hurricane. For a detailed technical explanation, click here. But your Signal authors also fear that a nuclear blast in the middle of the ocean might also produce a shock wave large enough to interfere with television reception just as baseball season heads for the playoffs.

More from GZERO Media

Speaker of the U.S. House of Representatives Mike Johnson (R-LA) speaks to members of the media on the day the House approved legislation providing $95 billion in security assistance to Ukraine, Israel and Taiwan, at Capitol Hill in Washington, U.S., April 20, 2024.
REUTERS/Ken Cedeno

After months of stalling, the House of Representatives agreed in four separate votes to approve $95 billion in foreign aid for Ukraine, Israel and Taiwan on Saturday, as House Speaker Mike Johnson puts his job on the line to advance critical aid to America’s allies.

Why the UN's 17 Sustainable Development Goals are not on track to be financed soon | Global Stage

The world faces a sustainable development crisis, and while most countries have strategies in place, they don’t have the cash to back them up. How far off track are we with the financing needed to support the UN’s 17 Sustainable Development Goals, ranging from quality education and health care to climate action and clean water?

Geopolitics & the economy | Global Stage

There’s no escaping the intricate link between economics and geopolitics. Today, that link has become a crucial factor in investment decision-making, and who better to speak to that than Margaret Franklin, CEO of CFA Institute, a global organization of investment professionals? Franklin sat down with GZERO’s Tony Maciulis at a Global Stage event for the IMF-World Bank spring meetings this week.

De-risking a plan to bring 300 million people electricity in Africa | Global Stage

At the World Bank Group’s Spring Meetings this week, GZERO’s Tony Maciulis spoke to Lucy Heintz, Head of Energy Infrastructure at Actis Energy Fund, a global investment company focused on sustainability. Heintz expressed optimism in the announcement and explained the reasons why it could be attractive to investors.

Israel attacks Iran | Ian Bremmer | Quick Take

Ian Bremmer's Quick Take: The Iranians have been hit by Israel, though no one is saying that Israel has admitted to doing it, in the town of Isfahan. This was a significantly more restrained attack than what the Israelis did to kick off this crisis, which was attack an Iranian government building in Damascus and target and assassinate a senior Iranian leader.

Flags of Israel and Iran on broken ground.

IMAGO/Christian Ohde via Reuters Connect

Well, now we know the answer to the question of how Israel planned to respond to Iran’s airstrikes from last weekend. Explosions were reported near the northwestern Iranian city of Isfahan late Thursday, in what several major outlets reported, citing US officials and local sources, as an apparent Israeli airstrike.

World Bank Group President Ajay Banga listens during the G-20 Finance Ministers and Central Bank Governors' Meetings at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 18, 2024.
REUTERS/Ken Cedeno

GZERO has been on the ground to bring you the big takeaways from the 2024 Spring Meetings.