International
Brazil’s Petrobras hikes prices, ignoring Bolsonaro
AFP
Brazilian state-run oil company Petrobras announced hefty increases in gasoline and diesel prices Thursday in response to the Ukraine crisis, ignoring President Jair Bolsonaro’s criticism of what he calls excessive prices.
Petrobras said it would raise the price of gasoline from its refineries by 18.8 percent and diesel by 24.9 percent from Friday, citing the “worldwide surge in the prices of oil and oil derivatives as a result of the war between Russia and Ukraine.”
The company said the move was in line with increases by other fuel suppliers, and emphasized that it had not raised prices in nearly two months.
But the move will likely irk the far-right president, who has been trying to rein in surging fuel prices and inflation more broadly, phenomena which are hurting his popularity as he gears up to seek reelection in October.
Bolsonaro, who regularly criticizes Petrobras for high prices, said Monday the company’s policy of parity with international prices “cannot continue.”
Petrobras shares dove more than seven percent following the comment.
That echoed a stock plunge of more than 20 percent just over a year ago, when Bolsonaro changed Petrobras’s chief executive after saying the company should not be constantly “surprising people” with price increases.
Bolsonaro is pushing for Congress to pass legislation to bring fuel prices down, though experts say the short-term impact would be minimal.
He is also reportedly looking at decreeing emergency subsidies to lower prices.
Both measures are unpopular with fiscal conservatives.
Surging prices in Brazil, where the annual inflation rate stands at 10.38 percent, are a weak spot for Bolsonaro as he eyes a tough reelection battle in seven months, likely against leftist ex-president Luiz Inacio Lula da Silva.
The international oil market has been rocked by volatility since Russia invaded Ukraine two weeks ago.
The Brent crude price hit a peak of $139 a barrel Monday, a 14-year high, before falling to around $116 Thursday.
International
Ten Bodies Found in Mexico’s Zacatecas State Amid Security Operation
Mexican authorities discovered the bodies of 10 people on Saturday in the central state of Zacatecas, a region that was heavily affected by organized crime violence just a few years ago.
The victims were found in different municipalities across the state, which experienced a surge in violence between 2021 and 2022 as rival criminal groups fought for control of key drug trafficking routes.
Rodrigo Reyes, secretary general of the Zacatecas state government, said on social media that the bodies were located in the municipalities of Morelos, Pánuco, and Sain Alto.
Authorities have not yet disclosed the causes of death or identified those responsible for the killings.
Reyes said security forces have launched a coordinated operation to locate those behind the crimes and strengthen the police presence in the affected areas as the investigation continues.
International
U.S. to Limit Visa Duration for Foreign Students and Journalists
The United States has announced new limits on the legal length of stay for foreign students and journalists, marking the latest tightening of immigration policies under President Donald Trump.
The changes, outlined in an administrative rule published on Thursday, are expected to take effect in September, unless Congress blocks the measure.
Under the new policy, holders of student visas will be allowed to remain in the United States for no more than four years.
Foreign journalists will be limited to 240-day stays—approximately eight months—with the possibility of applying for extensions of the same duration.
The policy imposes even stricter rules on Chinese journalists, whose visas will be capped at 90 days.
More than 100 international news organizations and press freedom groups, including Agence France-Presse (AFP), criticized the measure in an open letter, arguing that it would reduce both the quantity and quality of international coverage of events in the United States.
The Republican Party, led by President Trump, currently holds a majority in Congress and has pledged to curb both illegal immigration and certain forms of legal immigration.
Previously, the United States generally issued student visas for the full duration of an academic program, while foreign journalists could receive visas valid for up to five years.
Central America
Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Dispute
The Nicaraguan government announced on Thursday that it is severing diplomatic relations with Italy following criticism from the Italian government over Nicaragua’s long-standing decision to shelter Alessio Casimirri, a former member of the Red Brigades convicted in Italy for the 1978 kidnapping and murder of former Prime Minister Aldo Moro.
Italian Foreign Minister Antonio Tajani criticized the administration of co-presidents Daniel Ortega and Rosario Murillo on Wednesday for continuing to provide refuge to Casimirri, who was sentenced in Italy to six life terms for his role in Moro’s abduction and killing.
In a statement issued Thursday, Nicaragua’s Foreign Ministry said it was ending all diplomatic relations with Italy, describing Tajani’s remarks as “unjustified, aggressive, and irresponsible.”
Tajani made the comments during a gathering of conservative leaders from Europe and Latin America held in Madrid.
“We have absolutely nothing in common with the positions of extremist governments such as Nicaragua, a country that continues to harbor dangerous Red Brigades terrorists like Alessio Casimirri,” Tajani said, according to Italian media.
The diplomatic break marks a new escalation in tensions between the two countries over the decades-old case involving Casimirri, who has lived in Nicaragua for many years despite repeated calls from Italy for his extradition.
Ten Bodies Found in Mexico’s Zacatecas State Amid Security Operation
U.S. to Limit Visa Duration for Foreign Students and Journalists
Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Dispute
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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