International
Petrobras reports profit increase despite Bolsonaro criticism
AFP
Brazilian state oil giant Petrobras on Thursday reported a first-quarter net profit of 44.6 billion reais ($8.6 billion), amid sharp criticism from President Jair Bolsonaro over rising fuel prices.
The result was 38 times more than the 2021 first quarter, when the company reported 1.2 billion reais ($180 million).
It was also a 41 percent increase over the 31.5 billion reais ($5.6 billion) profit from the previous quarter.
The company reported a nearly $10 billion payout to shareholders.
Just before the results were released, Bolsonaro was back to berating the company.
“Your profits are a violation. Fuel prices cannot go up anymore,” the president said during his regular live Thursday address.
The oil giant has long been a target for Bolsonaro, who in March sacked its president, Joaquim Silva e Luna — an army reserve general whom Bolsonaro had himself appointed a year ago — over differences in fuel pricing policies.
The new president of the company, Jose Mauro Coelho, who is backed by Bolsonaro, said in a statement the strong results were thanks to a “healthy Petrobras, which reduced its debt payment charges, invests in a responsible manner and operates with efficiency.”
The company issued an 18.8 percent increase in the price of gasoline and a nearly 25 percent increase in diesel prices in early March due to rising costs caused by the war between Russia and Ukraine.
The average price of a barrel of Brent oil in the first quarter of 2022 was $101, Petrobras said.
The company’s price increases have helped contribute to inflation, which threatens far-right Bolsonaro’s chances in his October reelection bid.
International
U.S. Senate Rejects Budget, Bringing Government Closer to Shutdown Amid DHS Dispute
The U.S. Senate voted on Thursday against a budget proposal in a move aimed at pressuring changes at the Department of Homeland Security (DHS), following the killing of two civilians during a deployment of immigration agents in Minneapolis.
All Senate Democrats and seven Republican lawmakers voted against the bill, which requires 60 votes to advance, pushing the country closer to a partial government shutdown that would cut funding for several agencies, including the Pentagon and the Department of Health.
The rejection came as Senate leaders and the White House continue negotiations on a separate funding package for DHS that would allow reforms to the agency. Proposed measures include banning Immigration and Customs Enforcement (ICE) agents from wearing face coverings and requiring them to use body-worn cameras during operations.
The vote took place just hours after President Donald Trump said he was “close” to reaching an agreement with Democrats and did not believe the federal government would face another shutdown, following last year’s record stoppage.
“I don’t think the Democrats want a shutdown either, so we’ll work in a bipartisan way to avoid it. Hopefully, there will be no government shutdown. We’re working on that right now,” Trump said during a Cabinet meeting at the White House.
International
Trump Says Putin Agreed to One-Week Halt in Attacks on Ukraine Amid Extreme Cold
U.S. President Donald Trump said on Thursday that he secured a commitment from Russian President Vladimir Putinto halt attacks against Ukraine for one week, citing extreme weather conditions affecting the region.
“Because of the extreme cold (…) I personally asked Putin not to attack Kyiv or other cities and towns for a week. And he agreed. He was very pleasant,” Trump said during a Cabinet meeting broadcast by the White House.
Trump acknowledged that several advisers had questioned the decision to make the call.
“A lot of people told me not to waste the call because they wouldn’t agree. And he accepted. And we’re very happy they did, because they don’t need missiles hitting their towns and cities,” the president said.
According to Trump, Ukrainian authorities reacted with surprise to the announcement but welcomed the possibility of a temporary ceasefire.
“It’s extraordinarily cold, record cold (…) They say they’ve never experienced cold like this,” he added.
Ukrainian President Volodymyr Zelensky later commented on the announcement, expressing hope that the agreement would be honored.
International
Storm Kristin Kills Five in Portugal, Leaves Nearly 500,000 Without Power
Storm Kristin, which battered Portugal with heavy rain and strong winds early Wednesday, has left at least five people dead, while nearly half a million residents remained without electricity as of Thursday, according to updated figures from authorities.
The revised death toll was confirmed to AFP by a spokesperson for the National Emergency and Civil Protection Authority (ANPEC). On Wednesday, the agency had reported four fatalities.
Meanwhile, E-Redes, the country’s electricity distribution network operator, said that around 450,000 customers were still without power, particularly in central Portugal.
Emergency services responded to approximately 1,500 incidents between midnight and 8:00 a.m. local time on Wednesday, as the storm caused widespread disruptions.
The Portuguese government described Kristin as an “extreme weather event” that inflicted significant damage across several regions of the country. At the height of the storm, as many as 850,000 households and institutions lost electricity during the early hours of Wednesday.
Several municipalities ordered the closure of schools, many of which remained shut on Thursday due to ongoing adverse conditions.
Ricardo Costa, regional deputy commander of the Leiria Fire Brigade, said residents continue to seek assistance as rainfall persists.
“Even though the rain is not extremely intense, it is causing extensive damage to homes,” he noted.
In Figueira da Foz, a coastal city in central Portugal, strong winds toppled a giant Ferris wheel, underscoring the severity of the storm.
U.S. and Guatemala Sign Trade Deal Granting Zero Tariffs to Most Exports
Panama Supreme Court Strikes Down Panama Ports Concession as Unconstitutional
U.S. Senate Rejects Budget, Bringing Government Closer to Shutdown Amid DHS Dispute
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Extension of the state of emergency approved in southern Chile
-
International4 days agoFootball Fan Killed in Clashes After Colombian League Match
-
Central America4 days agoGuatemala President Says Starlink Terminal Found Inside Prison
-
International3 days agoU.S. Senate Rejects Budget, Bringing Government Closer to Shutdown Amid DHS Dispute
-
International4 days agoRubio Says U.S. Could Participate in Follow-Up Russia-Ukraine Talks
-
International4 days agoMissing Spanish Sailor Rescued After 11 Days Adrift in Mediterranean
-
Central America2 days agoPanama Supreme Court Strikes Down Panama Ports Concession as Unconstitutional
-
International3 days agoStorm Kristin Kills Five in Portugal, Leaves Nearly 500,000 Without Power
-
Central America2 days agoU.S. and Guatemala Sign Trade Deal Granting Zero Tariffs to Most Exports
-
International3 days agoTrump Says Putin Agreed to One-Week Halt in Attacks on Ukraine Amid Extreme Cold
-
International3 days agoMan Arrested After Vehicle Crashes Into Jewish Institution in Brooklyn