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
Venezuela accuses U.S. of using Naval Deployment to pressure Maduro government
The world’s largest aircraft carrier, the USS Gerald R. Ford, joined the U.S. Navy’s anti-drug operation in Latin America on Tuesday—a deployment Venezuela has condemned as an attempt to pressure President Nicolás Maduro from power.
In a statement, the U.S. Southern Command confirmed that the carrier, ordered to deploy nearly three weeks ago, has entered its area of responsibility, which includes Latin America and the Caribbean.
“The world’s largest aircraft carrier will strengthen the United States’ ability to detect, monitor, and dismantle illicit actors and activities that threaten the security and prosperity of U.S. territory and our safety in the Western Hemisphere,” said Pentagon spokesperson Sean Parnell.
According to the White House, the U.S. government under Donald Trump has carried out about twenty operations in the Caribbean and the Pacific since early September, resulting in the deaths of 76 suspected drug traffickers.
However, U.S. authorities have not yet presented evidence that the targeted vessels were being used for drug trafficking or posed a direct threat to the country.
The operations have raised concerns in Caracas, where the Maduro administration views the deployment as a strategic move aimed at provoking regime change in Venezuela.
International
Venezuela mobilizes forces nationwide as tensions with U.S. rise
Venezuela’s armed forces launched a “massive” nationwide deployment on Tuesday in response to what the government calls “imperialist threats” from the United States, which continues its anti-drug military operation in the region and is preparing for the arrival of its most advanced aircraft carrier.
Since late August, U.S. forces have maintained a growing presence in the Caribbean to combat alleged drug trafficking originating from Colombia and Venezuela. The operation has resulted in the bombing of 20 vessels in international waters in the Caribbean and Pacific, leaving 76 people dead.
Venezuelan authorities claim the U.S. mission is aimed at toppling President Nicolás Maduro. While insisting he seeks peace, Maduro has repeatedly warned the country is prepared to defend itself and has frequently showcased military activities.
A statement from Venezuela’s Defense Ministry said the deployment includes land, air, naval, river and missile systems; armed forces units; the Bolivarian militia; and additional police, military and civilian defense structures.
State broadcaster VTV aired speeches from military leaders in various states, along with images of troops mobilizing and equipment being positioned.
However, analysts note that these frequent and highly publicized announcements do not always lead to visible operations on the ground.
On Monday, Maduro cautioned that Venezuela has the “strength and power” to respond to any aggression, including mobilizing civilians. “If imperialism were to strike and do harm, from the moment the order is given, the entire Venezuelan people would mobilize and fight,” he warned.
International
Jara: “Real toughness” means targeting drug money in Chile’s crime fight
Left-wing presidential candidate Jeannette Jara said during Chile’s final debate on Monday that the “real tough approach” to crime is to go after the financial networks behind drug trafficking and organized crime.
Rising crime, often linked in public discourse to a surge in irregular migration, has become the top concern among Chileans and has dominated the election campaign.
Although Chile’s homicide rate has nearly tripled over the past decade — from 2.5 to 6.7 per 100,000 inhabitants — the country remains one of the safest in Latin America, according to the United Nations.
“I want to call on the right-wing candidates to join us in targeting those who control the money behind drug trafficking and organized crime. That is real tough action,” Jara, who is favored to win Sunday’s first-round vote, declared during the debate.
All eight candidates faced off on Monday night in the final televised confrontation before the election.
Polls — unavailable since they were suspended on November 2 — indicate that far-right candidate José Antonio Kast is likely to finish second behind Jara, but would hold the advantage in a potential December 14 runoff.
Kast is expected to consolidate support from three other right-wing contenders: Evelyn Matthei, Johannes Kaiser and Franco Parisi.
Venezuela accuses U.S. of using Naval Deployment to pressure Maduro government
Convicted gang member challenges Guatemala’s anti-gang law, citing Human Rights Violations
Venezuela mobilizes forces nationwide as tensions with U.S. rise
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Extension of the state of emergency approved in southern Chile
-
International1 day agoVenezuela mobilizes forces nationwide as tensions with U.S. rise
-
Internacionales4 days agoEl Salvador sends medical Aid and relief teams to Jamaica after hurricane Melissa
-
International2 days agoRecord cold wave freezes Eastern U.S., iguanas falling from trees in Florida
-
International3 days agoU.S. Senate holds emergency session as shutdown threatens economy
-
International3 days agoFour dead, 44 injured in riot at Ecuador prison as gang violence intensifies
-
Internacionales4 days agoU.S. to restore ambassador-level relations with Bolivia after 17 years
-
Internacionales4 days agoRodrigo Paz takes office in Bolivia, ending 20 years of Socialist Rule
-
International1 day agoInvestigation widens after Michoacán mayor’s killer shot post-arrest
-
International1 day agoUSS Gerald R. Ford arrives in Latin America amid rising U.S. military presence
-
International2 days agoPeru opens new probe into ex-president Humala over killings and forced disappearances
-
International1 day agoJara: “Real toughness” means targeting drug money in Chile’s crime fight
-
Sin categoría2 hours agoConvicted gang member challenges Guatemala’s anti-gang law, citing Human Rights Violations
-
International2 hours agoVenezuela accuses U.S. of using Naval Deployment to pressure Maduro government