BOLSONARO PRESIDENCY IMPACT
Trump critic Lula wins reelection in Brazil, securing fourth presidential term
Brazil's President Luiz Inacio Lula da Silva secured his fourth term in a close election against Flavio Bolsonaro. The election was marked by confusion at polling places due to a last-minute decision to extend voting. Lula's victory represents a significant moment for leftist leadership in Latin America. Challenges related to the cost of living and security were crucial in the election.
Meta tells Brazil's electoral court it treats Lula and Flavio Bolsonaro equally ahead of Sunday vote
Meta has taken steps to comply with a court order for equal treatment of presidential candidates in Brazil. The electoral court directed the company to ensure balanced platform coverage before the upcoming runoff election. This follows allegations from President Luiz Inacio Lula da Silva's campaign regarding biased algorithms favoring his opponent, Flavio Bolsonaro. Meta has implemented measures to uphold electoral advertisement regulations amidst growing tensions.
In Brazil, a stolen phone can cost more than money — and shape an election
Cellphone theft remains a significant concern for many Brazilians amid a decline in overall crime rates. In Sao Paulo, where phone thefts are highly prevalent, both presidential candidates are responding to public unease. President Luiz Inacio Lula da Silva has introduced increased penalties for phone theft, while challenger Flavio Bolsonaro has proposed stricter sentences. Affected individuals express feelings of vulnerability and stress after experiencing theft, further highlighting public safety issues.
5 world market themes for the week ahead
Global financial markets are grappling with soaring borrowing costs, while France navigates a volatile political landscape concerning its budgetary decisions. As Europe battles economic challenges, the euro witnesses notable fluctuations against the dollar. In Brazil, the impending elections are poised to instigate major shifts, driven by heightened interest rates and economic anxieties.
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As Brazil gears up for elections, US midterms signal a transformative year for global politics and democracy
Brazil is preparing for a closely watched presidential election involving incumbent Luiz Inacio Lula da Silva and challenger Flavio Bolsonaro. Other countries, including Israel and the US, also have significant elections scheduled soon, which may influence global markets. Investors are particularly attentive to Brazil's fiscal concerns and the potential impacts of these elections.
In Brazil, frustration over cost of living undermines Lula's reelection bid
Kleyton Zacarioto, a butcher, expresses frustration with high food prices impacting household budgets ahead of elections. Incumbent President Lula highlights improving economic indicators like falling unemployment amidst voter dissatisfaction. Senator Flavio Bolsonaro argues that the economy has worsened, stating that families are financially strained. Lula's recent measures to boost disposable income have had little effect on voter sentiment.
Bolsonaro's son pushes ahead with Brazil presidential bid
Flavio Bolsonaro proceeds with his presidential campaign amid legal troubles and family disputes. His Liberal Party will nominate him at a convention in Sao Paulo. He trails President Lula da Silva in recent opinion polls. Recent audio leaks and bank allegations have impacted his campaign's recovery. Some analysts believe this situation may gift-wrap a victory for Lula.
Brazil calls Trump's 25% tariff unjustifiable, vows to impose reciprocal tariffs
The United States on Wednesday said it would impose a new 25% tariff on certain imports from Brazil, citing unfair trade practices by the world's 10th-biggest economy.
US Supreme Court curbs Trump tariffs under IEEPA: What’s struck down, what still stands
The Supreme Court has delivered a surprising verdict, striking down President Trump's tariffs on imported goods. The justices concluded that he had exceeded his legal authority under a specific statute, which led to taxes on products from a range of countries, such as South Korea, Japan, and the European Union.
Brazil's Lula calls for tighter trade ties for BRICS as tariffs bite
President Lula da Silva asserted that increased trade and financial cooperation within the BRICS nations would serve as a buffer against rising protectionism. He criticized the use of tariffs as tools for market dominance and interference, echoing concerns shared by other BRICS leaders regarding unfair trade practices.
Why Trump's tariffs could be disaster for Brazil's acai industry, American consumers
US tariffs on Brazilian acai exports, linked to political tensions, threaten the livelihoods of Amazonian producers. With the US being the largest importer, the tariffs have already led to suspended negotiations and significant financial losses for exporters. As a surplus mounts, concerns rise about plummeting prices and the future of the acai trade, vital for local communities and rainforest protection.
Trump hits Brazil with tariffs, sanctions but key sectors excluded
President Trump imposed a 50% tariff on many Brazilian goods, citing a "witch hunt" against Jair Bolsonaro and sanctioning a Brazilian supreme court justice. Key sectors like aircraft and energy are exempt, easing concerns in Brasilia. Lula's government condemned the move, hinting at possible retaliation, while Brazilian diplomats seek negotiations to mitigate the impact on exports like beef and coffee.
Trump imposes 50% tariff on Brazil, Lula warns of 'reciprocal measures'
Donald Trump announced a 50% tariff on all imports from Brazil, citing unfair trade practices and linking the move to Brazil's treatment of Jair Bolsonaro. Lula da Silva responded by vowing reciprocal measures and disputing Trump's claims of unfair trade. The tariffs have caused the Brazilian real to fall and could significantly impact U.S.
Lula warns Trump with ‘Brazil will not accept abuse’ remark after 50 percent tariffs threat, demands end to Bolsonaro prosecution
President Lula strongly opposed President Trump's tariff imposition. This was in response to Brazil's trial of Jair Bolsonaro. Lula affirmed Brazil's sovereignty and judicial independence. Trump criticized Bolsonaro's prosecution and threatened tariffs. Brazil considers retaliatory measures. The US is Brazil's second-largest trade partner. The tariffs could impact prices and supply chains. The Brazilian Supreme Court is expected to convict Bolsonaro.
Is world's largest river dying? Here is what drying up of Amazon river means for you
The worst drought on record in the Amazon has led to rising water temperatures and drying lakes, resulting in the deaths of endangered freshwater dolphins. Riverine communities are also affected, with transport disrupted and floating houses stranded. Brazil is considering reinstating daylight saving time to save energy amid the ongoing drought.
What is Elon Musk's feud with a Brazilian Supreme Court justice about?
The Brazilian Supreme Court has ordered telecommunications regulator Anatel to shut down Elon Musk's social media platform X for failing to appoint a legal representative in Brazil. Justice Alexandre de Moraes imposed the order following a public feud with Musk over compliance with laws against misinformation. The shutdown could impact upcoming local elections.
Deforestation in Brazilian Amazon halved in 2023
Deforestation in the Brazilian Amazon fell by half last year as President Luiz Inacio Lula da Silva's government strengthened environmental policing. However, clear-cutting in the Cerrado savanna reached a new annual record. Satellite monitoring from the national space research agency's DETER surveillance program detected a 50% reduction in forest cover destruction in the Amazon. On the other hand, the Cerrado, a biodiversity hotspot linked to the Amazon, lost a record amount of native vegetation. The destruction in both regions is driven by farming and cattle ranching in Brazil.
Amazon Forest talks: Leaders of 8 countries meet on protecting Amazon Forest, why is it so important?
Will the leaders of eight countries be able to reach an agreement on combatting deforestation and crime in the Amazon rainforest area?
Brazil election 2022: It's Jair Bolsonaro vs Lula. Check date, key issues
The world's fourth-largest democracy is being tested in Sunday's critical presidential election in Brazil, which could substantially impact the battle against climate change.
5 world market themes for the week ahead
But accelerating policy tightening elsewhere, particularly in the United States, has cut into the yield advantage. With the Aussie and Kiwi both hyper-sensitive to swings in risk sentiment, policymakers may have little ability to arrest the slide.
Chinese President Xi Jinping to attend BRICS summit via video link
Modi will chair the virtual meeting of the leaders of Brazil, Russia, India, China and South Africa (BRICS), the Ministry of External Affairs said in New Delhi on Tuesday.
Biden invites PM Modi and top world leaders to US-hosted virtual summit on climate
Biden will host a two-day climate summit of world leaders starting on Earth Day, April 22, in which he will outline the US goal for reductions of carbon emissions by 2030 -- known as the nationally determined contribution under the historic Paris accord. The White House on Friday said a total of 40 world leaders were invited to the conference.
G-20 summit opens as leaders urge united response to virus
In a sign of the times, the traditional "family photo" of leaders in the summit was digitally designed and superimposed on a historical site just outside the Saudi capital, Riyadh, which would have hosted the gathering. The kingdom has presided over the G-20 this year.
Putin says Sputnik V vaccine could be produced in India and China
Putin also proposed that the creation of a vaccine research centre for BRICS countries - Brazil, Russia, India, China and South Africa - be sped up, TASS reported.
PM Modi to attend virtual summit of BRICS on Tuesday
The BRICS summit is taking place at a time two of the bloc's members, India and China, are locked in a bitter border standoff in eastern Ladakh for over six months. Both Modi and Xi had come face-to-face virtually at the annual summit of the Shanghai Cooperation Organisation (SCO) on November 10.
WHO chief decries 'vast global gap' in funds needed to fight coronavirus pandemic
Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.
China, Europe show restarting coronavirus-hit economies not easy
The early experiences in China and parts of Europe show it will be no easy task.
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