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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

Mexico leads global cases of enforced disappearances, UN report finds

Mexico accounts for the highest number of urgent actions related to enforced disappearances worldwide, according to the latest report by the UN Committee on Enforced Disappearances.

The report, released by I(dh)eas, indicates that Mexico has accumulated 819 cases between 2012 and February 2026, representing 38% of the global total.

In the past five months alone, 40 new urgent requests have been recorded — more than one-third of all such actions worldwide during that period.

The report warns that this trend reflects a structural problem, as the urgent action mechanism — originally intended as an exceptional measure — has become routine in Mexico.

Although the Mexican state formally complies with response deadlines, the Committee identified significant shortcomings in the implementation of these measures. These include the lack of comprehensive search plans, delays in key investigative procedures such as video surveillance and phone data analysis, and insufficient inquiries into possible links involving state agents.

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The report also highlights inadequate protection for relatives and individuals involved in search efforts, including cases of reprisals.

Among the most serious incidents documented is the disappearance of a father who had denounced alleged involvement of authorities in his son’s case in the state of Guanajuato.

The accumulation of cases could lead to the application of Article 34 of the Convention, which would allow for the launch of an international investigation into systematic enforced disappearances.

Geographically, the state of Chiapas accounts for 30% of the new urgent actions, many of them linked to collective disappearances of migrants.

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Le pape Léon XIV appelle à relancer le dialogue pour une paix au Moyen-Orient

Le pape Léon XIV s’est entretenu par téléphone ce vendredi avec le président d’Israël, Isaac Herzog, soulignant la « nécessité de rouvrir » les canaux de dialogue afin de parvenir à une « paix juste » au Moyen-Orient.

Selon un communiqué du Vatican, les deux dirigeants ont insisté sur l’importance de relancer tous les mécanismes diplomatiques pour mettre fin au conflit en cours et œuvrer en faveur d’une paix durable dans la région.

Le communiqué précise également que les discussions ont porté sur la protection des populations civiles et sur le respect du droit international et humanitaire.

Cet échange intervient dans le contexte de la Semaine sainte, cinq jours après un incident à Jérusalem, où la police israélienne avait empêché le cardinal Pierbattista Pizzaballa de célébrer la messe du Dimanche des Rameaux au Saint-Sépulcre.

Le lendemain, le secrétaire d’État du Vatican, Pietro Parolin, avait convoqué l’ambassadeur israélien auprès du Saint-Siège, Yaron Sideman, pour exprimer le mécontentement du Vatican face à cet incident qualifié de « regrettable ».

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Cette situation avait suscité une vive réaction internationale, poussant le Premier ministre israélien Benjamin Netanyahu à intervenir pour assurer que le cardinal pourrait accéder au lieu saint.

De son côté, Herzog a confirmé l’échange sur son compte X, indiquant que les discussions ont également porté sur des sujets régionaux, notamment la guerre en Iran et la situation au Liban.

Le pape, d’origine américaine, participe actuellement à sa première Semaine sainte depuis son élection et doit présider ce soir le chemin de croix au Vatican.

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Devotees in Philippines mark Holy Week with extreme rituals despite rising costs

Despite rising fuel prices driven by the conflict in the Middle East, thousands of devotees in Philippines took part this year in one of the country’s most intense Holy Week traditions.

In the city of San Fernando, located in Pampanga province, dozens of bare-chested penitents with covered faces walked barefoot along dusty streets, whipping their backs with bamboo lashes as part of a ritual that can draw up to 12,000 local and foreign visitors.

Journalists from Agence France-Presse reported seeing participants piercing their skin with glass shards attached to small wooden paddles to ensure bleeding during the ceremony — an act believed to atone for sins and seek divine intervention.

“I do this to pray for the healing of my seven-month-old baby, who is suffering from pneumonia,” said a devotee identified as John David at the start of the procession.

The 49-year-old participant explained that the practice runs in his family. “My grandfather started this, then my father, and now it’s my turn. I have witnessed healing miracles over the years through this act of faith,” he said.

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Many attendees traveled for hours to witness the climax of the ritual, in which some penitents allow nails, measuring about seven centimeters, to be driven into their hands before being raised on crosses in a reenactment of crucifixion.

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