Oil & gas. Petrobras will change its structure, giving more power to its board of directors and CEO—especially in decisions to sell off assets. CEO Roberto Castello Branco will personally oversee the divestments program, and only the board will be able to veto a decision to sell a subsidiary; shareholders (including the Brazilian government) will no longer have a say. A vote on the changes is scheduled for April 25.
Economy.Brazil’s unemployment rate has risen for the 2nd straight month, to 12.4% in the three months through February. Adding up unemployed people, discouraged workers (those not actively seeking employment) and people working less than they would like, the number of underemployed people in Brazil has reached 27.9m people—the highest number ever recorded.
Politics.After a week and a half of trading insults, President Bolsonaro and House Speaker Rodrigo Maia have reportedly buried the hatchet. But Congress still has the government on the ropes, with the possibility of passing laws that would blow up the budget—and could even lead to a shutdown—if the president continues to undermine political parties. To avoid further tension, Economy Minister Paulo Guedes has taken over the role of negotiating the pension reform in Congress.
A federal court ended legal proceedings against Adelio Bispo, the man who stabbed Jair Bolsonaro in September 2018. The president hasn't appealed the sentence, which acquitted Bispo. He is considered mentally incapable and is committed to a psychiatric facility. https://t.co/JyRUbtjjxe
Pres. Bolsonaro announced that the Education Ministry ordered the cancelation of an entry exam reserved for trans and non-binary people to the Afro-Brazilian Lusophony University. The test would have taken place this week. The univ. was offering 120 places to qualifying students https://t.co/u0YpKEzfgf