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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.

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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.

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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.

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International

Sexual assault attempt on Mexico’s president sparks outrage in historic center

A man harassed and groped Mexican President Claudia Sheinbaum without her consent on Tuesday while she walked through Mexico City’s historic center, just meters from the National Palace, greeting members of the public.

The man, who appeared to be intoxicated, attempted to kiss the president from behind before grabbing her. Security personnel immediately intervened and detained him, with video footage showing Sheinbaum visibly tense following the incident.

Sheinbaum was on her way to the first National Meeting of Universities and Higher Education Institutions at the Education Secretariat headquarters, located just a few blocks from the palace. She chose to walk to the event due to the short distance.

During the stroll, in one of the busiest parts of the capital, the man took advantage of the crowd surrounding the president, approaching her from behind, trying to kiss her neck and placing his arms around her.

Hours later, federal authorities confirmed that the suspect — identified as Uriel Rivera Martínez — had been arrested and taken to the Mexico City Prosecutor’s Office for Sexual Crimes, according to the National Detention Registry.

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Legal sources stated that Sheinbaum was the victim of a flagrant sexual abuse offense under Mexico City’s Penal Code, noting that no close assistant intervened at the very moment the assault occurred.

According to a 2024 survey by the National Institute of Statistics and Geography (INEGI), 15.5% of women in Mexico have experienced sexual harassment, groping, exhibitionism or attempted rape — five times the percentage of men, at 3.2%.

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International

Longest government shutdown in U.S. history deepens airport and aid crisis

The U.S. government shutdown reached a historic milestone on Wednesday, becoming the longest in the nation’s history as Republicans aligned with President Donald Trump continue to clash with Democratic opposition over the federal budget.

The shutdown entered its 36th day, surpassing the previous record set in 2019 during Trump’s first term in office.

Over the past six weeks, the budget impasse has left roughly 1.4 million federal workers without pay. Employees deemed “essential,” including air traffic controllers and law enforcement officers, have been required to continue working despite not receiving their salaries.

Conditions at airports are growing increasingly strained. Transportation Secretary Sean Duffy warned that the federal government may be forced to partially shut down U.S. airspace due to staffing shortages.

“So if we go another week from now, Democrats, you will see massive chaos… you will see massive flight delays,” Duffy cautioned.

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Social assistance programs have also been disrupted. On Tuesday, Trump stated that food aid relied upon by millions of Americans would not be distributed until the government reopens — contradicting earlier administration comments indicating that partial benefits could still be provided.

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International

Deadly fire in bosnian nursing home leaves 11 dead and dozens injured

At least 11 people were killed and more than 30 others were injured after a fire broke out overnight at a nursing home in Bosnia, authorities reported on Wednesday.

The cause of the blaze, which started late Tuesday on the seventh floor of a residential building in the city of Tuzla, remains unclear. Local media reported that the upper floors of the facility housed elderly residents with limited mobility or medical conditions.

Tuzla Mayor Zijad Lugavić said that firefighters and rescue workers were among the injured. Municipal authorities convened an emergency meeting on Wednesday to assess the situation and coordinate response efforts.

Ruža Kajic, a resident living on the third floor, said she had just gone to bed when she heard “bursting sounds” and saw flames descending from the upper levels.

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