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
Six killed, including baby, in armed attack near tourist beach in Ecuador
Six people, including a baby girl about two years old, were killed on Sunday in an armed attack near a tourist beach in southwestern Ecuador, police said. The shooting, carried out with rifles, also left three people wounded.
The incident took place in the coastal town of Puerto López, in the province of Manabí, a popular tourist destination known for whale watching. The attack occurred amid a surge of violence over the weekend that left at least nine people dead nationwide, according to local media reports.
“There are six fatalities and three injured,” Colonel William Acurio, the local police commander, told reporters on Sunday. He confirmed that one of the victims was a baby “approximately two years old.”
Authorities have not released further details about the motive behind the attack or whether arrests have been made.
International
Man accused of killing nine in Paramaribo dies by suicide in police custody
The man who killed nine people, including five children, on Saturday night in Paramaribo died by suicide while in custody, Suriname police confirmed in a statement on Monday.
The suspect, identified by the initials D.A., 43, “hanged himself inside a holding cell at the Keizerstraat police station” in the capital, Paramaribo, according to the official report.
Police said the man sustained leg injuries during his arrest and was taken to a hospital before being transferred to the detention facility on Sunday night. Authorities did not provide further details on the circumstances surrounding his death.
International
Winter storm disrupts holiday travel, forcing 1,500 flight cancellations in the U.S.
Airlines canceled around 1,500 flights across the United States during the peak Christmas travel season after warnings of a severe winter storm and forecasts of heavy snowfall in the Midwest and Northeast. An additional 5,900 flights were delayed due to adverse weather conditions.
More than 40 million Americans were under snowstorm warnings or weather advisories one day after Christmas. Meanwhile, another 30 million people faced flood or storm alerts in California, where an atmospheric river triggered intense rainfall.
New York City was bracing for up to 25 centimeters (10 inches) of snow overnight, which would mark its heaviest snowfall in four years. Cold weather was expected to persist through the weekend in the nation’s largest city. According to flight-tracking website FlightAware, airports in the New York area recorded about 850 flight cancellations.
Six killed, including baby, in armed attack near tourist beach in Ecuador
Man accused of killing nine in Paramaribo dies by suicide in police custody
Winter storm disrupts holiday travel, forcing 1,500 flight cancellations in the U.S.
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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