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.

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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.

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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

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.

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International

U.S. lowers travel advisory for much of Venezuela but keeps high-risk zones under warning

The U.S. Department of State announced on Thursday that it has lowered its travel advisory for much of Venezuela to Level 3 (“Reconsider Travel”), reflecting what it described as improved security conditions in parts of the country.

However, the agency will maintain the highest Level 4 warning (“Do Not Travel”) for several regions, including the states of Táchira, Amazonas, Apure, Aragua and Guárico, as well as rural areas of Bolívar, citing ongoing risks such as crime, kidnapping and terrorism.

The updated advisory marks a shift from December, when the United States raised the alert for Venezuela to Level 4 nationwide, warning of severe security threats.

Despite the partial downgrade, U.S. authorities continue to urge caution, emphasizing that conditions remain volatile in certain areas and that travelers should carefully assess risks before planning any trips to the country.

International

EU lawmakers move to ban AI tools that generate non-consensual nude images

Members of the European Parliament are pushing to ban across the bloc artificial intelligence services that allow users to digitally “undress” people without their consent.

The proposal, adopted on Wednesday at committee level, aims to prohibit applications that generate non-consensual explicit images. Irish lawmaker Michael McNamara, one of the sponsors, said the measure seeks to stop tools that “have caused significant harm for the benefit of a few.”

Dutch MEP Kim van Sparrentak welcomed the move, calling it “a major victory, especially for women and children in Europe.”

The amendment, part of broader EU legislation on artificial intelligence, was approved by the Parliament’s civil liberties and internal market committees. It specifically targets systems that use AI to create or manipulate sexually explicit or intimate images resembling identifiable individuals without their consent.

The proposal will be put to a full vote in the European Parliament on March 26. If adopted, lawmakers and European Union member states will need to agree on a final version before it can take effect.

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Separately, representatives of the 27 EU countries recently backed a Franco-Spanish amendment seeking to ban AI services used to generate non-consensual sexual images or child sexual abuse material.

The initiative follows controversy surrounding a feature introduced in Grok, developed by xAI, which allowed users to create simulated nude images from real photos. The tool sparked widespread criticism and prompted an EU investigation.

In response, xAI restricted image generation features in mid-January to paying subscribers and stated it blocks the creation of sexualized images in jurisdictions where such content is illegal.