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Bloomberg
07-07-2025
- Business
- Bloomberg
Angola Raises Transport Fares Up to 50% After Diesel Price Hike
Angola hiked public-transport fares by as much as 50% after raising diesel prices by a third last week, the road transport regulator said. A ride in shared minibuses will increase to 300 kwanzas ($0.32) from Monday, compared with 200 kwanzas previously, while urban bus fares will rise 33% to 200 kwanzas, the National Land Transport Agency said in a statement on Sunday.


Reuters
26-06-2025
- Business
- Reuters
Brazil power regulator warns of potential shutdown due to budget cuts
RIO DE JANEIRO, June 26 (Reuters) - Brazil's power regulator Aneel is facing a severe budget crisis, its head, Sandoval Feitosa, said on Thursday, urging the government to release funds to prevent the key agency's operations from grinding to a halt. A potential shutdown of Aneel would come amid government efforts to rein in spending to meet fiscal targets, and could jeopardize regulatory oversight of the power sector in Latin America's largest country. Aneel's main roles include regulating Brazil's power generation, transmission and distribution, as well as overseeing concessions, implementing government policies and establishing tariffs. Aneel's budget has been slashed to 117 million reais ($21.28 million) from a previous 155 million reais as the government imposed spending containment measures, according to Feitosa. The agency had initially requested 240 million reais to meet its operational needs. The agency will only be able to function until 2 p.m. every day starting in July because of the cuts, Feitosa told reporters in Rio de Janeiro. He noted Aneel had already laid off staff, suspended research, call center operations and preventive inspections due to financial constraints. "This is the worst budget cut that Aneel has ever experienced in its history," Feitosa said. Feitosa assured that Aneel's analysis of distribution concession renewals, as well as power auctions, would not be affected despite the ongoing budget crisis. The agency awaits a decision from the government on its funding request. ($1 = 5.4976 reais)


The Independent
21-06-2025
- The Independent
At least eight dead after hot air balloon crashes in Brazil
The incident has occured in the southern state of Santa Catarina, the state governor Jorginho Mello said on Saturday morning in a post on X.


New York Times
20-06-2025
- General
- New York Times
When the Past Is Lost
This personal reflection is part of a series called The Big Ideas, in which writers respond to a single question: What is history? You can read more by visiting The Big Ideas series page. Steel beams hanging in the air,twisted by the intense glass scattered across the floor,melted by the intertwined in all directions,exposed by blackened by soot,resulting from the burning of a country's memory … I wrote these lines shortly after Sept. 2, 2018. It is a day I will never forget. That day, the National Museum of Brazil in Rio de Janeiro was devastated by an intense fire. For those of us who work in Brazil's cultural sector, the fire was the realization of our worst nightmare. The tragedy did not come without warning. The risks the museum faced were well-known. The lack of proper maintenance was obvious throughout the building. Along with my fellow museum officials, I frequently pushed government officials for more resources, but these efforts were not successful. If I had to choose one building in Brazil that should be protected and preserved, it would be the museum, and not just because of its collections. The site is connected to many notable moments in Brazil's history. Since 1892, the museum has been housed in the former royal palace. The building was home to the Portuguese royal family after they fled to Rio de Janeiro to escape Napoleon. After Brazil's independence, it was the residence of Brazil's emperor. The museum, which was founded on June 6, 1818, by King John VI of Portugal, is Brazil's first scientific institution. Before the fire, the museum contained over 20 million items, including unpublished documents from Empress Maria Leopoldina, ethnographic objects from Indigenous Brazilians, significant specimens of the country's biodiversity, fossils and rare minerals. The blaze destroyed about 85 percent of the museum's collection. In the aftermath, one of the hardest moments for me was paradoxically also one of the most inspiring. The day after the fire, while smoke was still everywhere, a large group of people, including some high school students, approached the remains of the museum. For security reasons, the police did not let them get close to the building. After some tense negotiations, the group was allowed to do what they came for: The members formed a human chain and embraced the remains of an institution that — in reality — belongs to them, the public. When I remember this scene, it is hard to hold back my tears. We, the guardians of their cultural heritage and history, failed them. Want all of The Times? Subscribe.


Reuters
18-06-2025
- Politics
- Reuters
Portugal's new minority centre-right government takes power
LISBON, June 18 (Reuters) - A minority centre-right government formally took power in Portugal on Wednesday after parliament threw out a motion by the small opposition Communist Party calling for rejection of the new administration's programme. In its programme, the government promises to continue cutting taxes for the middle class and companies, maintain budget surpluses and have a permanent dialogue with the opposition on key issues such as immigration. The Communists, with just three seats in the 230-member parliament, had accused the incoming government in their motion of working "against the interests of workers" and also opposed plans to raise defence spending to 2% of national output. But the largest opposition parties - the far-right Chega and the centre-left Socialists - delivered on an earlier promise to vote against the motion, paving the way for Prime Minister Luis Montenegro's Democratic Alliance (AD) coalition to take office. Montenegro has kept most of the same key ministers in his new cabinet after the AD coalition won a snap election on May 18. Although the AD obtained more seats than in the previous election, it again fell short of a working majority in a fragmented parliament, while the anti-establishment, anti-immigration Chega emerged as the main opposition force. "Political stability is everyone's task, this government is here for the four-year legislature," Montenegro said on Tuesday. Chega leader Andre Ventura said "it is not time to obstruct" the government, even though he did not consider it to be a good one, but promised to "take seriously the work of leading this opposition... and tell you to your face what is wrong". The government's first big test is likely to be passing the 2026 budget towards the end of the year. No new parliamentary election can be called until at least mid-2026 because Portugal will hold a presidential election next January.