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.

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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.

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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.

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International

Argentina detects first local cases of Influenza A (H3N2) Subclade K

Argentina’s National Administration of Laboratories and Health Institutes (ANLIS) “Dr. Carlos G. Malbrán” has confirmed the detection of three cases of influenza A (H3N2) corresponding to subclade K in the country. These are the first locally recorded cases of this variant, which has become predominant in several countries in the Northern Hemisphere in recent months and is associated with higher transmissibility.

The cases were identified through the National Network of Laboratories and Sentinel Units and confirmed by the National Reference Laboratory of INEI-ANLIS using genomic sequencing techniques. According to health authorities, the cases involve two adolescents from the province of Santa Cruz, detected as part of the Ambulatory Monitoring Strategy for Acute Respiratory Infections, and a child who had been hospitalized in the Autonomous City of Buenos Aires.

In all three cases, patients experienced mild illness and recovered without complications. Officials did not specify whether any of the affected individuals had a recent travel history.

The jurisdictions involved have already launched the corresponding epidemiological investigations and are responsible for ensuring timely medical care for the detected cases. According to the latest integrated surveillance report, the circulation of influenza and other respiratory viruses in Argentina remains within expected levels for this time of year.

International

Pentagon confirms Trump pick for SouthCom as U.S. military pressure grows

Former U.S. President Donald Trump has nominated a Marine Corps lieutenant general to lead U.S. Southern Command (SouthCom), the Pentagon announced on Friday, as Trump said he does not rule out the possibility of a war with Venezuela.

If confirmed by the U.S. Senate, Marine Corps Lieutenant General Francis L. Donovan would replace an admiral who, according to media reports, criticized recent attacks on vessels allegedly linked to drug trafficking off the Venezuelan coast.

Washington has deployed a significant military presence in both the Caribbean and the Pacific, where it has carried out airstrikes against boats it claims were used by suspected drug traffickers. According to an AFP tally based on official information, the attacks have left more than 100 people dead.

The Venezuelan government has denounced what it describes as a plot to overthrow President Nicolás Maduro and seize the country’s oil resources.

In a statement published Friday on the Pentagon’s website, U.S. Secretary of Defense Pete Hegseth announced that Trump had nominated Lieutenant General Donovan to serve as commander of U.S. Southern Command.

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SouthCom is responsible for U.S. military operations in Central and South America, as well as parts of the Caribbean.

According to the Department of Defense, Donovan currently serves as deputy commander of U.S. Special Operations Command. His appointment is subject to Senate confirmation.

International

Trump moves to reclassify marijuana as less dangerous substance

Former U.S. President Donald Trump signed an executive order on Thursday to reclassify marijuana as a less dangerous addictive substance, a move aimed at encouraging medical research without immediately opening the door to federal-level decriminalization.

Trump said that “people were begging” him to make the decision, particularly individuals suffering from chronic pain. He stressed, however, that the measure “is not at all a decriminalization” of marijuana for non-medical use.

“I’ve always told my children: don’t use drugs, don’t drink, don’t smoke,” Trump added. He is a well-known teetotaler.

A senior government official described the decision as “common sense” during a briefing with reporters, noting that marijuana and CBD-based products — a compound derived from cannabis known for its relaxing properties — are already widely used in the United States by patients dealing with chronic pain.

Most U.S. states currently allow the use of cannabis for medical purposes, and more than 20 states, along with the nation’s capital, Washington, D.C., have also legalized recreational use.