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New stock exchange initiative promotes LGBTQ inclusion in private sector

‘Ringing the Bell for LGBTIQ+ Equality’ campaign kicked off in Toronto on Tuesday

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Members of the LGBTQ+ Corporate Directors Canada Association ring the closing bell at the Toronto Stock Exchange on May 13, 2015. (Screen capture of video courtesy of Zeke Stokes)

More than a dozen stock exchanges around the world are participating in an initiative that seeks to promote LGBTQ inclusion in the private sector.

The first “Ringing the Bell for LGBTIQ+ Equality” ceremony took place on Tuesday at the Toronto Stock Exchange when members of the LGBTQ+ Corporate Directors Canada Association rang the closing bell.

(Video courtesy of the TMX Group)

Two “Ringing the Bell for LGBTIQ+ Equality” ceremonies took place on Wednesday at the London Stock Exchange and the Australia Stock Exchange. Similar events are scheduled to occur in Amsterdam, Brussels, Paris, Chicago, Mexico City, the Cambodian capital of Phnom Penh, the Namibian capital of Windhoek, and other cities throughout the month.

Koppa: The LGBTI+ Economic Power Lab and various U.N. agencies are behind the campaign that coincides with the International Day Against Homophobia, Biphobia and Transphobia.

IDAHOBiT commemorates the World Health Organization’s declassification of homosexuality as a mental disorder on May 17, 1990.

“This is more than just a symbolic gesture – it’s a global call to action to focus on LGBTIQ+ economic equality inclusion,” said Fabrice Houdart, co-founder of Koppa, in a press release that announced the “Ringing the Bell for LGBTIQ+ Equality” campaign. “Economic inclusion remains among the unfinished business of the LGBTIQ+ equality movement of the LGBTIQ+ equality movement around the world, including in the U.S. We are ringing the bell to remind the world: Our journey is far from over.”

“With an increasing number of governments trying to force businesses around the world to retreat on their support for basic equality, companies must step in and defend their right to do business as they see fit, including their support for equality for all,” he added.

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Peru

Peruvian activists react to Pope Leo XIV’s election

American-born pontiff was bishop of Chiclayo

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Pope Leo XIV (Photo via Vatican News/X)

Pope Leo XIV’s election has sparked global reactions, but his appointment has struck a deeper chord in Peru.

The now-pontiff served for years as bishop of Chiclayo, a city in northern Peru. For LGBTQ leaders and activists in the country, Leo represents a figure who, while unlikely to overhaul church doctrine, could signal a shift towards a less hostile and more open Catholic Church.

“The fact that the new pope lived and served pastorally in Peru is no small thing,” said George Hale, director of Promsex, an advocacy group that is based in Lima, the Peruvian capital. “Leo XIV is deeply familiar with inequality, abuses of power, popular religiosity, and the pain of a society scarred by classism and exclusion. His support for victims of the Sodalitium scandal showed a courageous figure willing to listen when others remained silent.”

The Sodalitium of Christian Life, a Peruvian Catholic lay group implicated in cases of sexual and psychological abuse against minors, became one of the church’s worst scandals in Latin America. Leo’s direct involvement in sanctioning those responsible — and his central role in the group’s eventual dissolution — was widely viewed as a sign of his commitment to reform from within.

Former Congressman Alberto de Belaunde, one of Peru’s few openly gay political figures, also welcomed Leo’s election, describing his trajectory as “good news within the Vatican.” De Belaunde emphasized Leo’s time at the Pontifical Catholic University of Peru, where he served on the university’s assembly as the church’s representative.

“Unlike other pontifical universities, the PUCP is progressive and diverse,” De Belaunde said. “Monsignor Prevost always demonstrated a remarkable ability to dialogue and showed respect for differing views. That speaks volumes about both his intellectual and pastoral approach.”

The question still remains: How much could the church change under Leo’s papacy when it comes to LGBTQ rights?

“Sometimes, even just a change in tone makes a difference,” De Belaunde noted. “I grew up under the influence of Pope John Paul II and Bishop Cipriani, both known for confrontational rhetoric. When the pope says things like ‘Who am I to judge?’ — it doesn’t change doctrine, but it humanizes the discourse. And that matters.”

De Belaunde specifically referred to Pope Francis’s 2013 comments about gay priests. (The Vatican’s tone on LGBTQ and intersex issues softened under Francis’s papacy, even though church teachings on homosexuality did not change.)

“There are very conservative factions within the church, outright enemies of our rights,” said Congresswoman Susel Paredes, who is a lesbian. “But there’s also space for love of neighbor, as Jesus taught. Even if Pope Leo XIV were to chart a path toward full inclusion of LGBTQ people, resistance would remain. These things don’t change overnight.”

Paredes also highlighted Francis’s legacy — especially his vision of a synodal church. The Argentine-born pontiff who died on April 21 was Leo’s direct mentor.

“Pope Francis spoke of a church where ‘everyone, everyone, everyone’ walks together without distinction,” she said. “Leo XIV was already part of that vision when he worked in some of Peru’s poorest areas. That gives us hope and reason to watch his papacy with expectation.”

Peruvian Congresswoman Susel Paredes. (Photo courtesy of Susel Paredes)

Activists, however, are clear-eyed about the limits of symbolic change.

“He (Leo) doesn’t appear to be a hostile figure,” Hale said. “But he’s not pushing for radical reform either. He won’t lead the fight for same-sex marriage or trans rights. But his more humane tone — his closeness to those on the margins — can help de-escalate hate speech, especially in a country like ours.”

Hale also pointed to a recent gesture from the new Leo that raised concerns: His public support for the Peruvian bishops’ statement opposing a court ruling that granted Ana Estrada, a woman with a degenerative disease, the right to die with dignity through euthanasia.

“By endorsing that statement, he reaffirmed official doctrine. And while he may be compassionate, he’s still aligned with traditional positions on some key issues,” Hale said. “That’s why we insist: We’re not expecting a revolution, but a shift in tone matters.”

Peru does not recognize same-sex marriages, and transgender people lack legal protections. Expectations about Leo’s papacy remain measured because church rhetoric remains a roadblock to civil rights.

“Rights are granted by laws, and the separation of church and state must remain fundamental,” said Paredes. “That’s where progress happens, in secular legislation.”

“Yes — it’s a breath of fresh air to have a pope who doesn’t slam the door shut, who has walked with Peru’s most excluded,” she added. “That gives us encouragement to keep going.”

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Uruguay

Former Uruguayan president José Mujica dies at 89

One-time guerrilla fighter signed marriage equality law in 2012

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Then-Uruguayan President José 'Pepe' Mujica, left, and then-President Barack Obama meet in the Oval Office on May 12, 2014. (Screen capture via the Obama White House YouTube)

Former Uruguayan President José “Pepe” Mujica died on Tuesday. He was 89.

Mujica, a farmer, was a member of Tupamaros National Liberation Movement, a leftist guerrilla group that carried out bank robberies and bombings and kidnapped politicians and businessmen in the South American country during the 1960s and 1970s.

Mujica spent nearly 15 years in prison. The right-wing military dictatorship that governed Uruguay from 1973-1985 tortured him and held him in solitary confinement for a decade.

Mujica in 1989 joined the Movement of Popular Participation, a party that is part of the Broad Front, a leftist political coalition. Mujica was Uruguay’s president from 2010-2015.

Laws that extended marriage rights to same-sex couples and legalized abortion took effect in 2013 and 2012 respectively. Mujica in 2013 also signed a law that legalized recreational marijuana in Uruguay.

An LGBTQ-friendly gym near the Uruguayan Congress in Montevideo, Uruguay, on April 8, 2025. Uruguay under President José “Pepe” Mujica’s presidency became one of the most LGBTQ-friendly countries in the world. (Washington Blade photo by Michael K. Lavers)

Mujica earlier this year announced he would not undergo further treatment for esophagus cancer that had spread to his liver. The AP notes he died in his small house outside of Montevideo, the Uruguayan capital.

“With profound pain we announced that our friend Pepe Mujica has died,” said Uruguayan President Yamandú Orsi, who currently leads the Broad Front, on X. “President, activist, guide, and leader. We are going to miss you very much, dear old man. Thank you for everything that you gave us and for your profound love for your people.”

Esteban Paulón, a gay congressman in neighboring Argentina, celebrated Mujica as a “guide” for “Latin American progressivism.”

“He made humility, honesty and austerity his hallmarks,” said Paulón on social media.

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Trinidad and Tobago

OAS commission criticizes Trinidad and Tobago homosexuality recriminalization ruling

Activist planning to appeal March 25 decision to UK Privy Council

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(Bigstock photo)

The Inter-American Commission on Human Rights has criticized a March ruling that recriminalized consensual same-sex sexual relations in Trinidad and Tobago.

Jason Jones, an LGBTQ activist from Trinidad and Tobago who currently lives in the U.K., in 2017 challenged Sections 13 and 16 of the country’s Sexual Offenses Act. High Court Justice Devindra Rampersad the following year found them unconstitutional.

The country’s government appealed Rampersad’s ruling. Court of Appeal Justices Nolan Bereaux and Charmaine Pemberton overturned it on March 25.

Jones said he plans to appeal the ruling to the Privy Council, an appellate court for British territories that can also consider cases from Commonwealth countries. (King Charles III is not Trinidad and Tobago’s head of state, but the country remains part of the Commonwealth.)

“The Inter-American Commission on Human Rights (IACHR) expresses concern over the recent decision of the Court of Appeal of Trinidad and Tobago reinstating legal provisions that criminalize consensual sexual relations between adults of the same sex, which had been previously repealed by a first instance court decision in 2018,” said the commission in a May 9 press release. “The IACHR reiterates that such laws are incompatible with international human rights standards — particularly the rights to privacy, equality, and non-discrimination — and have a profoundly discriminatory impact on the lives of lesbian, gay, bisexual, trans, intersex (LGBTI), and gender diverse persons.”

The Organization of American States created the commission in 1959 as a way to promote human rights throughout the Western Hemisphere. The commission works with the Inter-American Court of Human Rights, which the OAS created in 1979 to enforce provisions of the American Convention on Human Rights.

The commission in a 2021 decision said Jamaica must repeal its colonial-era sodomy law. The Jamaican Supreme Court in 2023 ruled against a gay man who challenged it.

Antigua and Barbuda, St. Kitts and Nevis, Barbados, and Dominica are among the countries that have decriminalized consensual same-sex sexual relations in recent years. A judge on the top court in St. Vincent and the Grenadines last year dismissed two cases that challenged the country’s sodomy laws.

“Laws criminalizing consensual same-sex intimacy between adults are incompatible with the principles of equality and nondiscrimination under international human rights law,” said the commission. “The criminalization of conduct intrinsically linked to rights recognized by international standards constitutes a violation of the principle of legality.”

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