Petrobras
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Petrobras Cuts Diesel Prices Amid Federal Subsidy Plan
A Petrobras gas station in Sao Paulo, Brazil, on Thursday, May 16, 2024. Brazil's president shook up the leadership of Petrobras, the nation's state-owned oil company, by firing the chief executive officer and one of his top deputies after months of sparring.
Petrochemicals Giant Braskem Seeks Support to Start Out-of-Court Rework
A worker walks past the Braskem SA petrochemical plant in Camacari, Brazil, on Tuesday, July 28, 2015. Brazilian prosecutors claim that Braskem bought the petroleum product naphtha at below-market prices from Petrobras in transactions that allegedly cost the state-run oil company 6 billion reais ($1.8 billion).
Brazil's Lula backs new oil, gas drilling in western Amazon
Brazilian oil giant Petrobras announced Wednesday the drilling of new wells at an oil and gas field in the Amazon rainforest for the first time in a decade, at an event attended by President Luiz Inacio Lula da Silva. In November, Lula hosted the COP30 UN climate conference where he urged world leaders to present "roadmaps" for the transition away from fossil fuels.
Brazil Extends Measures to Limit Fuel Price Hikes by Two Months
Motorists refuel vehicles at a Petrobras gas station in Sao Jose dos Campos, Sao Paulo state, Brazil, on Monday, May 11, 2026. Brazil's inflation picked up in April on more expensive food and fuel, reaching the upper limit of the central bank's target range.
After cutting 8,000 jobs, Mark Zuckerberg may have found a new way to fund Meta’s AI dreams
Mark Zuckerberg laid off 10 percent of Meta's workforce last month, scrapped 6,000 open roles, and told the remaining 70,000 employees that the hard part was over. Two weeks later, the Financial Times reported that Meta is now exploring a stock sale worth tens of billions of dollars—because firing people, it turns out, still isn't enough to pay for what Zuckerberg wants to build next. The layoffs were never really about efficiency.