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
María Corina Machado: “Venezuela is closer than ever to regaining freedom”
Venezuelan opposition leader and 2025 Nobel Peace Prize laureate María Corina Machado declared on Friday that Venezuela is facing “the most decisive moment in its contemporary history” and that the country is “closer than ever to regaining freedom and democracy.”
Her remarks were delivered via video message during the 81st General Assembly of the Inter American Press Association (IAPA), held in Punta Cana, Dominican Republic.
Machado emphasized that the situation in Venezuela remains “extremely serious” due to censorship and repression imposed by Nicolás Maduro’s regime, particularly in a global context where “society is built on information.”
She warned that authoritarian governments manipulate public opinion through “psychological warfare” and disinformation, while shutting down media outlets and persecuting journalists.
“The only way to topple these regimes is through the constant, relentless, and unrestricted preaching of the truth. It is absolutely true that the truth will set us free,” she stated.
International
Millions to join “No Kings” march in U.S. amid Trump’s growing authoritarian backlash
Millions of Americans are set to take to the streets this Saturday in more than 2,500 cities across the United States for the second edition of the “No Kings” march, a massive protest organized by progressive groups and activists against what they describe as the authoritarian direction of President Donald Trump’s second administration.
The demonstration, expected to be the largest since Trump’s return to power, comes amid a federal government shutdown, further heightening political tensions in Washington.
From the White House, press secretary Abigail Jackson dismissed the event with a brief “Who cares?”, while senior Republican leaders labeled the march as an act of “hate against America.”
House Speaker Mike Johnson accused Democrats of blocking negotiations to reopen the government and claimed they were “unable to stand up to their raging base.” He also linked the protests to “supporters of Hamas and the Antifa terrorist group.”
President Donald Trump, in an interview with Fox News, blamed Senate Democratic leader Chuck Schumer for the legislative deadlock.
“He’s got nothing else left to do. Everyone’s hitting him hard,” Trump said.
The organizers — a coalition of Democratic leaders and more than 200 civil society and labor groups — argue that the Republican refusal to reopen the government is a clear symptom of the authoritarianism they seek to denounce.
The main rally will take place in Washington, D.C., which has been under heightened National Guard surveillance for weeks, officially to control rising crime. However, organizers contend the deployment is aimed at intimidating and silencing dissent.
Protesters have been urged to wear yellow, a reference to the 2019 pro-democracy movement in Hong Kong.
“With this color, we align ourselves with a historical context and remind the world that power must come from the people, not from crowns,” organizers stated on their website.
In addition to the capital, large marches are scheduled in New York, San Francisco, Boston, Atlanta, Chicago, Kansas City, and Honolulu, as well as abroad in London, Paris, Frankfurt, and several Spanish cities — Madrid (Puerta del Sol), Barcelona (Plaça Sant Jaume), Seville (Plaza Nueva), and Málaga (Plaza de la Marina).
During the first edition, held in June, the movement gathered around five million people, a figure organizers expect to surpass this weekend.
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.
María Corina Machado: “Venezuela is closer than ever to regaining freedom”
Millions to join “No Kings” march in U.S. amid Trump’s growing authoritarian backlash
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