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
United Nations Coordinates Relief Efforts as Venezuela Death Toll Rises After Twin Quakes
United Nations Secretary-General António Guterres on Thursday expressed his condolences to the people of Venezuela following the two devastating earthquakes that struck the country and highlighted the ongoing coordination between UN humanitarian teams and interim President Delcy Rodríguez.
Speaking during the UN’s daily press briefing, spokesperson Stéphane Dujarric said Guterres was deeply saddened by the loss of life and widespread destruction caused by the disaster.
“The Secretary-General is deeply distressed by the loss of life and the widespread devastation caused by the earthquakes that struck Venezuela yesterday. He extends his heartfelt condolences to the families of the victims and wishes a speedy recovery to those injured,” Dujarric stated.
Venezuela was struck on Wednesday by two powerful earthquakes measuring 7.2 and 7.5 in magnitude. According to official figures, the disaster has left at least 164 people dead and 971 others injured.
Dujarric noted that preliminary reports indicate significant damage across several states, including the capital, Caracas. Numerous casualties have been reported, while other individuals remain trapped beneath collapsed structures or are still missing.
“Critical infrastructure has been damaged and essential services have been disrupted,” the spokesperson said.
The United Nations confirmed that its humanitarian team remains in close contact with interim President Delcy Rodríguez and other relevant authorities as emergency operations continue.
To support relief efforts, the UN has established a coordination center in Caracas and is assisting local authorities to ensure that humanitarian aid reaches affected communities as quickly and efficiently as possible.
Guterres also welcomed the expressions of solidarity and offers of assistance from countries around the world that responded following news of the disaster, underscoring the importance of international cooperation in addressing the humanitarian emergency.
International
OAS Secretary General Pledges Regional Assistance Following Venezuela Quake Disaster
The Secretary General of the Organization of American States (OAS), Albert Ramdin, said on Thursday that the “hemispheric community” stands ready to provide “full support” to Venezuela and its people following the powerful earthquakes that struck the country overnight, leaving at least 164 people dead and nearly 1,000 injured.
Speaking at the conclusion of the OAS General Assembly, Ramdin expressed solidarity not only with Venezuela but also with Colombia, Curaçao and Aruba, where the tremors were also felt.
“Above all, our thoughts are with these peoples,” he said during his remarks.
Ramdin noted that while many details about the disaster are still emerging, countries across the hemisphere are prepared to assist Venezuela as it responds to the crisis.
“Much remains unknown at this stage, but the hemispheric community will be ready to support the people of Venezuela during this very difficult time,” he stated, reiterating the organization’s commitment to helping those affected.
According to updated information released by the Venezuelan government, the powerful earthquakes have been followed by at least 30 aftershocks. Authorities have also reported extensive structural damage, including numerous building collapses in La Guaira, the area considered hardest hit by the disaster.
Rescue efforts are currently focused on La Guaira, where emergency teams continue searching for survivors trapped beneath the rubble as officials assess the full extent of the damage.
International
Bill Gates Says Jeffrey Epstein Made “Veiled” Threats Over Extramarital Affairs
Microsoft co-founder Bill Gates told members of the U.S. Congress that he received “veiled” threats from convicted sex offender Jeffrey Epstein related to his extramarital affairs, according to a transcript of his testimony released Tuesday.
Gates testified behind closed doors on June 10 before the House Oversight Committee regarding his relationship with the American financier, who died in prison in 2019 while awaiting trial on sex trafficking-related charges. Epstein had previously been convicted in 2008 for soliciting prostitution from a minor.
According to the transcript released by the committee, Gates said Epstein appeared to want to use his knowledge of Gates’ personal relationships as leverage to keep him within his circle at a time when Gates was already distancing himself.
“I was not blackmailed, but reading these emails, it seems like Mr. Epstein’s ideas were moving in that direction,” Gates said, referring to documents from the Epstein case released by the Justice Department in January.
Gates added that Epstein never sent him anything he would personally classify as blackmail. However, he said the content of certain draft emails suggested Epstein was “rehearsing” how he, or someone he instructed, might attempt to pressure him.
“He was, in a way, practicing how he himself, or someone he directed, could choose to blackmail me, but none of those messages were ever sent to me,” Gates told lawmakers.
The 70-year-old billionaire had previously stated that he was unaware of Epstein’s criminal behavior and said he had never been involved in harming anyone.
In February, Gates told The Wall Street Journal that his association with Epstein was a serious mistake. He also acknowledged having extramarital relationships, while denying any involvement in Epstein’s criminal activities.
Gates said his relationship with Epstein began in 2011, three years after Epstein’s conviction, and acknowledged that he was aware of Epstein’s legal troubles at the time.
However, Gates said he was told that Epstein had the ability to raise billions of dollars for global health initiatives, an area in which Gates had significant involvement.
“When I met him, I knew he had been convicted,” Gates told lawmakers. “I knew it was of a sexual nature, but I didn’t try to learn more, although I probably should have.”
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