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
Missile attack hits Kharkiv homes, leaving 13 wounded
Ukrainian President Volodymyr Zelensky said on Friday that a Russian missile attack on residential buildings in the eastern city of Kharkiv has left at least 13 people injured, according to local authorities.
“A horrific Russian attack on Kharkiv,” Zelensky wrote on Telegram, explaining that two missiles were fired, striking residential areas and causing “a number of casualties that is still being clarified.”
Local officials later confirmed that 13 people were injured in the attack, six of whom were hospitalized, including one woman in serious condition.
International
Sheinbaum evacuates National Palace after 6.5-magnitude earthquake hits Southern Mexico
Mexican President Claudia Sheinbaum Pardo evacuated the National Palace on Friday along with journalists and federal government staff after the seismic alert was activated during her morning press conference, triggered by a 6.5-magnitude earthquake with its epicenter in the south of the country.
The alert sounded while the president was speaking from the Treasury Hall, forcing the immediate interruption of the event and the activation of established safety protocols.
“Oh, it’s shaking,” Sheinbaum said as she noticed the tremor, before urging those present to remain calm.
According to preliminary information, the earthquake struck the state of Guerrero, one of Mexico’s most seismically active regions. The National Seismological Service (SSN) reported that the quake occurred at 7:58 a.m. local time (13:58 GMT).
Sheinbaum led the orderly evacuation of the historic building, accompanied by reporters covering the briefing and federal government personnel. Images released afterward show the president waiting in the central courtyard of the National Palace as she awaited guidance from Civil Protection authorities on whether it was safe to resume activities.
International
Canada’s prime minister Mark Carney to join Ukraine peace talks in Paris
Canadian Prime Minister Mark Carney announced on Friday that he will take part in peace negotiations on Ukrainescheduled to be held in Paris on January 5 and 6.
In a statement, the Canadian government said the meeting will bring together countries belonging to the so-called Coalition of the Willing, and aims to “accelerate efforts toward a negotiated peace” in the conflict between Russia and Ukraine, supported by robust security guarantees.
Carney said Canada is working closely with its allies to achieve a “just and lasting peace,” stressing that the Coalition of the Willing must both deter further aggression and reinforce security guarantees, while ensuring that Ukraine is able to rebuild, recover and lay the foundations for genuine prosperity.
The Coalition of the Willing is made up of around 30 countries, the vast majority of them European, all of which are allies of Kyiv.
On Thursday, Ukrainian President Volodymyr Zelensky confirmed that a meeting of the Coalition, alongside other European leaders, will take place in Paris on January 6, focusing on security guarantees for Ukraine in the event of a future peace agreement with Russia.
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