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.
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.
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.
International
Trump says GOP ‘learned a lot’ after democratic election wins
U.S. President Donald Trump said that he and the Republican Party “learned a lot” from the Democratic victories in Tuesday’s state and local elections. He also compared Democrats to “kamikaze pilots” over the ongoing budget standoff.
Speaking at an event with Republican senators on Wednesday, Trump described the results as an unexpected setback.
“These were very Democratic areas, but I don’t think it was good for Republicans. In fact, I don’t think it was good for anyone. But we had an interesting night and we learned a lot,” he said during remarks broadcast by the White House.
Trump agreed with pollsters that two key factors led to Republican losses in New York’s mayoral race and the gubernatorial contests in New Jersey and Virginia.
International
Bolivia’s Jeanine Áñez freed after Supreme Court annuls her conviction
Former Bolivian interim president Jeanine Áñez was released from a women’s prison in La Paz on Thursday, where she had spent more than four and a half years for an alleged coup, after her conviction was annulled, AFP journalists confirmed.
Dozens of supporters and family members gathered outside the facility to celebrate her release. Áñez left the prison waving a Bolivian flag around 15:00 GMT.
“It is comforting to see that justice will once again prevail in Bolivia. She was the only woman who took on the role with bravery and courage,” said Lizeth Maure, a 46-year-old nurse who had come to show her support.
Áñez, a 58-year-old lawyer and conservative politician, governed Bolivia for nearly a year until November 2020, when she handed power to leftist leader Luis Arce.
She was arrested in 2021 and sentenced the following year to 10 years in prison for “resolutions contrary to the Constitution,” accused of illegally assuming the presidency after Evo Morales resigned in 2019 amid social unrest.
Her sentence was overturned on Wednesday by the Supreme Court of Justice, Bolivia’s highest judicial authority.
The court ruled that Áñez should have been subjected to a “trial of responsibilities” before Congress— a constitutional process reserved for sitting presidents, vice presidents, ministers, and top judges — rather than prosecuted in an ordinary criminal court.
As she was welcomed by relatives and supporters upon release, Áñez declared:
“I feel the satisfaction of having fulfilled my duty to my country, of never having bowed down. And I will never regret having served Bolivia when it needed me.”
International
Peru declares Mexico’s president Persona Non Grata over political asylum dispute
Peru’s Congress declared Mexican President Claudia Sheinbaum persona non grata on Thursday, accusing her of “unacceptable interference in internal affairs” after granting political asylum to former Peruvian Prime Minister Betssy Chávez.
The motion, introduced by right-wing parties, passed with 63 votes in favor, 33 against, and two abstentions. Lawmakers argue that Sheinbaum has maintained a hostile stance toward Peru since taking office.
Peru severed diplomatic relations with Mexico on Monday following the asylum decision. Chávez, who is facing charges for her alleged involvement in former President Pedro Castillo’s failed coup attempt in December 2022, remains under protection at the Mexican embassy residence in Lima.
Following the diplomatic break, interim President José Jerí said on X that Mexico’s chargé d’affaires in Peru, Karla Ornela, has been notified by the foreign ministry that she must leave the country within a strict deadline.
The Mexican government condemned Lima’s decision as “excessive and disproportionate,” asserting that offering asylum to Chávez is a legitimate act grounded in international law and does not constitute interference in Peru’s domestic matters.
Trump says GOP ‘learned a lot’ after democratic election wins
Bolivia’s Jeanine Áñez freed after Supreme Court annuls her conviction
Peru declares Mexico’s president Persona Non Grata over political asylum dispute
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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