Connect with us

International

Petrobras shares fall after Bolsonaro fires its boss

AFP

The price of shares in Brazil’s state oil giant Petrobras fell Tuesday in reaction to President Jair Bolsonaro firing its boss after only 40 days on the job.

Bolsonaro dismissed Petrobras CEO Jose Mauro Coelho on Monday in a tug-of-war over rising fuel prices, which are set by Petrobras but tied to international market movement.

Petrobras shares lost more than four percent in afternoon trade on the Sao Paulo Stock Exchange, before recovering somewhat to 2.85 percent lower than Monday’s worth.

The movement reflects investor concerns of a possible intervention by the State, the main shareholder in Petrobras, in its autonomous pricing decisions.

Advertisement
20251101_amnistia_mh_cuotas_728x90
20251101_amnistia_mh_sin_intereres_728x90
20251101_amnistia_mh_sin_multas_728x90
20250701_dengue_728x90
20250901_vacunacion_vsr-728x90
20250901_minsal_tetra_-728x90
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250715_donacion_sangre_central_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL
previous arrow
next arrow

Coelho took over last month for what should have been a one-year term. He became the company’s third CEO in just over a year after Bolsonaro also fired his predecessors. 

Fuel prices in Brazil have risen more than 33 percent in the past year, according to official figures, driving annual inflation of more than 12 percent and hurting Brazilians’ wallets in an election year.

The far-right Bolsonaro trails leftist ex-president Luiz Inacio Lula da Silva in opinion polls ahead of elections in October.

Brazil’s Ministry of Mines and Energy announced Coelho’s dismissal, saying the country was “experiencing a challenging moment, due to the effects of the extreme volatility of hydrocarbons in international markets.”

The government has proposed for Coelho to be replaced by Caio Mario Paes de Andrade, an official in the Economy Ministry.

Advertisement
20251101_amnistia_mh_cuotas_728x90
20251101_amnistia_mh_sin_intereres_728x90
20251101_amnistia_mh_sin_multas_728x90
20250701_dengue_728x90
20250901_vacunacion_vsr-728x90
20250901_minsal_tetra_-728x90
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250715_donacion_sangre_central_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL
previous arrow
next arrow

He must be confirmed by the company’s board of directors.

Earlier this month, Bolsonaro also replaced his longtime energy minister, Bento Albuquerque, days after Petrobras reported record quarterly profits.

Bolsonaro said those profits amounted to “rape,” and called on Albuquerque and Coelho to stop Petrobras from raising prices.

Petrobras went on to hike diesel prices by an additional 8.9 percent.

Advertisement
20251101_amnistia_mh_cuotas_728x90
20251101_amnistia_mh_sin_intereres_728x90
20251101_amnistia_mh_sin_multas_728x90
20250701_dengue_728x90
20250901_vacunacion_vsr-728x90
20250901_minsal_tetra_-728x90
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250715_donacion_sangre_central_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL
previous arrow
next arrow
Continue Reading
Advertisement
20251101_amnistia_mh_cuotas_300x250
20251101_amnistia_mh_sin_multas_300x250
20251101_amnistia_mh_sin_intereses_300x250
20250701_dengue_300x250_01
20250701_dengue_300x250_02
20250901_vacunacion_vsr-300x250
20250901_vacunacion_tetravalente-300x250
20250701_vacunacion-influenza-300x250
20250701_vacunacion_vph-300x250
20250715_donacion_sangre_central_300x250
20231124_etesal_300x250_1
20230601_agenda_primera_infancia_300X250
MARN1

International

White House considered dropping leaflets over Caracas to pressure Maduro

The White House recently proposed a plan to drop leaflets from U.S. military aircraft over Caracas to further pressure Venezuelan President Nicolás Maduro, according to sources familiar with the matter cited by The Washington Post.

The operation — which as of Saturday had not yet been authorized — considered dropping the leaflets this Sunday, the day of Maduro’s 63rd birthday. The materials were expected to highlight the $50 million reward for information leading to Maduro’s arrest, a bounty the White House doubled in August on the grounds that the Venezuelan leader is involved in “narcoterrorism.”

The proposal represents an escalation in Washington’s efforts to oust Maduro, a goal Trump pursued during his first term (2017–2021) and one that remains a priority for several of his top advisers.

Since the summer, the United States has carried out a large-scale military deployment in the southern Caribbean aimed at pressuring Maduro and, according to the White House, combating drug trafficking. This operation has resulted in the destruction of roughly twenty boats allegedly carrying narcotics and the deaths of 83 people on board.

In mid-November, Trump said he had made a decision regarding a possible military action in Venezuela, further raising tensions with Caracas.

Advertisement

20251101_amnistia_mh_cuotas_728x90
20251101_amnistia_mh_sin_intereres_728x90
20251101_amnistia_mh_sin_multas_728x90
20250701_dengue_728x90
20250901_vacunacion_vsr-728x90
20250901_minsal_tetra_-728x90
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250715_donacion_sangre_central_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL

previous arrow
next arrow

On Friday, the U.S. Federal Aviation Administration (FAA) issued an advisory urging commercial flights to “exercise extreme caution” when flying over Venezuela and the southern Caribbean due to the “potentially hazardous situation” linked to increased military activity in the region.

This prompted several European and American airlines to cancel flights to the Caribbean nation.

Continue Reading

International

Trump attacks Europe and Biden on Truth Social ahead of talks on Ukraine peace plan

In a message posted on Truth Social, the U.S. president also targeted European nations, “which continue buying oil from Russia,” as well as his predecessor, Joe Biden, whom he accused of inaction at the start of the conflict.

“I inherited a war that never should have happened, a war in which everyone is losing,” the president wrote in all caps on his social media platform.

“The Ukrainian leaders have shown zero gratitude for our efforts, and Europe keeps buying oil from Russia.”

“The United States continues to sell massive quantities of weapons to NATO for distribution to Ukraine (corrupt Joe gave everything away — free, free, free — including large sums of money!),” he added.

U.S. Secretary of State Marco Rubio is scheduled to meet with a Ukrainian delegation in Geneva this Sunday in hopes of advancing Trump’s plan for Ukraine.

Advertisement

20251101_amnistia_mh_cuotas_728x90
20251101_amnistia_mh_sin_intereres_728x90
20251101_amnistia_mh_sin_multas_728x90
20250701_dengue_728x90
20250901_vacunacion_vsr-728x90
20250901_minsal_tetra_-728x90
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250715_donacion_sangre_central_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL

previous arrow
next arrow

Washington now presents Trump’s 28-point proposal as a “framework for negotiations” aimed at ending the conflict, though it is viewed with concern in both Kyiv and Brussels.

Continue Reading

International

Tatiana Schlossberg reveals aggressive leukemia diagnosis in personal New Yorker essay

In a deeply personal essay published in The New Yorker, Tatiana Schlossberg revealed her diagnosis: acute myeloid leukemia with a rare genetic mutation known as Inversion 3, a variant that responds poorly to standard treatments.

The 35-year-old journalist explained that the disease was discovered shortly after the birth of her second daughter in May 2024, when doctors detected an extremely high white blood cell count. Schlossberg said she was in complete shock upon receiving the diagnosis, noting that she “didn’t feel sick” and had experienced a healthy pregnancy.

Her treatment since then has been intense. She has undergone chemotherapy, at least two bone marrow transplants, and is participating in clinical trials involving CAR-T therapy, an advanced form of immunotherapy. In one of these trials, her doctors told her they might be able to “keep [her] alive for a year, maybe less.”

Schlossberg reflected on her fears for her children, her husband, George Moran, and her parents, and on the emotional weight of becoming part of the Kennedy family’s long history of tragedy. She also criticized her cousin, Robert F. Kennedy Jr., for political decisions that she argues have harmed medical research that could benefit cancer patients like her.

Continue Reading

Trending

Central News