International
Petrobras notches $5.9 bn profit in Q3
AFP
Brazilian state-run oil company Petrobras reported a hefty net profit of $5.9 billion for the third quarter Thursday, beating analysts’ expectations as oil prices continued to climb.
It was the fourth straight quarterly profit for the company, up from a loss of $236 million for the same period in 2020, when the coronavirus pandemic had sent crude prices crashing.
Since then, Petrobras has rebounded on the back of soaring prices — so much so that far-right President Jair Bolsonaro said earlier on Thursday it was making too much profit.
“Petrobras needs to be a company that doesn’t post excessively high profits, as it has been doing,” he said in his weekly live address on social media.
“It has to play a social role, in the good sense of the term.”
Bolsonaro made the remarks just before the company announced its profit for the July-September period, which followed a profit of $8.1 billion for April-June.
Petrobras said the boost had come largely from the rebound of Brent crude prices to an average of $73.47 a barrel in the third quarter, up 70.9 percent in a year.
The company has largely passed that increase on to customers at the pump, drawing the ire of consumers — and Bolsonaro — as fuel prices soar.
The president had also criticized Petrobras on Wednesday, saying, “It’s a state-run company that, with all due respect, is just giving me headaches.”
He said he was looking at putting the company “on the radar” to be privatized as part of his government’s massive sell-off of state-run firms.
Bolsonaro has not shied away from shaking things up at Petrobras in the past.
In February, he appointed army reserve general Joaquim Silva e Luna as chief executive of Petrobras, replacing respected CEO Roberto Castello Branco shortly after saying the firm should not be constantly “surprising people” with price increases.
International
Petro expresses concern over fatal shooting during mass protests in Lima
Colombian President Gustavo Petro voiced his “concern” on Thursday over recent events in Peru, following the death of a protester reportedly shot during a massive demonstration in Lima against the government and Congress.
“I must express my concern over the events in Peru. A young artist has been killed in citizens’ protests,” Petro wrote on X (formerly Twitter).
The Colombian leader also noted that in Peru, “a popularly elected president remains imprisoned without conviction,” referring to Pedro Castillo, who led the country from July 2021 to December 2022 until he was removed by Congress following a failed attempted coup.
“This is a blatant violation of the American Convention on Human Rights,” Petro stated, adding, “I hope Peru seeks social and political dialogue to legitimize its public institutions.”
On Wednesday, Peru experienced widespread protests in several cities, with the largest demonstration in Lima in recent years, driven by citizens’ concerns over corruption and public insecurity.
During the capital’s mobilization, the Ombudsman’s Office confirmed the death of Eduardo Ruiz, 32, and reported clashes that left over 100 injured, including 78 police officers and 24 protesters, as well as ten arrests.
The Attorney General’s Office, investigating Ruiz’s death “in the context of serious human rights violations,” confirmed that the protester was shot.
International
Peru’s interim president José Jerí refuses to resign after protester’s death in Lima
Peru’s interim president, José Jerí, stated Thursday that he has no intention of resigning from the post he assumed last Friday, following the removal of former president Dina Boluarte, despite growing unrest over the death of a protester during massive demonstrations in Lima on Wednesday.
“I will not resign,” Jerí declared outside the Government Palace in Lima, where he returned on foot after making a surprise visit to Congress headquarters alongside Prime Minister Ernesto Álvarez.
Earlier, after leaving the Legislative Palace, the president acknowledged that the country is going through “difficult times” and condemned what he described as “a small group attempting to impose an agenda different from the citizens’ expression of discontent.”
Jerí expressed condolences for the death of Eduardo Ruiz, a 32-year-old man who died during Wednesday’s protest against the government and Congress, amid growing anger over corruption and insecurity.
“We stand in solidarity with his family,” he said, without offering further details about the incident, which has sparked outrage among Peruvians.
The president also described the demonstrations as “a legitimate civic expression” that later turned violent due to “certain groups seeking to provoke chaos by exploiting a peaceful citizen movement.”
“In a state governed by the rule of law, the rights of both demonstrators and security forces must be protected,” Jerí emphasized, adding that “as a result of that situation, this unfortunate death occurred outside the main area where the protest was taking place.”
International
Mexican government prioritizes 191 communities after deadly floods
Mexican President Claudia Sheinbaum confirmed on Wednesday that the death toll from recent rains and floods across several central states has risen to 66, while the federal government has activated air bridges and prioritized assistance in 191 isolated communities.
“Unfortunately, 66 people have died, and 75 remain missing,” the president said during her morning press conference. She added that the official death toll will be updated later in a new report.
As of Tuesday, authorities had reported 64 fatalities. Sheinbaum also announced the creation of a public information center to centralize official data on the deceased, missing persons, damaged homes, and cut-off communities.
According to the president, the number of missing persons has decreased thanks to coordination with state authorities.
“Through calls to phone line 079, 103 people who had been reported missing have now been located,” she explained.
Priority Municipalities
The president noted that the federal government has classified 191 communities as ‘priority’, a designation based mainly on the percentage of homes affected.
Petro expresses concern over fatal shooting during mass protests in Lima
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Peru’s interim president José Jerí refuses to resign after protester’s death in Lima
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