BRAZIL PRESIDENTIAL RUNOFF 2023
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table
Prime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the India-Brazil Strategic Partnership. Bilateral trade rose 25% to $15.21 billion in 2025, with Lula setting a target of $30 billion.
Lula wins a historic fourth term, but Bolsonaro's refusal to concede clouds Brazil's political future
Senator Flavio Bolsonaro has questioned the legitimacy of President Luiz Inacio Lula da Silva's election results following the recent elections. Despite trailing by over 4 million votes, Bolsonaro plans to challenge the results, which is unlikely to succeed. Lula's victory defies both polling predictions and global sentiments against incumbents in Latin America. However, Lula faces numerous challenges with a Congress that includes many Bolsonaro supporters.
Brazil stock market to crash today? What Lula’s surprise victory in elections means for emerging markets, commodities
Brazil’s stock market faces a potential sharp selloff after President Luiz Inácio Lula da Silva’s surprise election victory dashed investor hopes of a change in government and fiscal policy. Analysts warn of possible circuit breakers as the real weakens and soybean futures slide, with emerging markets also watching the fallout.
Lula da Silva: A metalworker who rose from poverty to reclaim Brazil's presidency
Luiz Inácio Lula da Silva has secured a fourth, non-consecutive term as Brazil’s president, defeating Flávio Bolsonaro in a fiercely contested election. The victory strengthens the left’s position in Latin America amid Donald Trump’s growing influence, marking another remarkable comeback for the former metalworker who overcame corruption convictions and imprisonment.
'Brazil is no one's backyard': Re-elected Brazilian president Lula da Silva
Luiz Inácio Lula da Silva has recently been re-elected as the President of Brazil. During his victory speech, he emphasized Brazil's status as an independent nation. Lula stated that the new government will reform the administrative system significantly. He aims to enhance public involvement in the decision-making processes that affect them.
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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.
'I feel so happy!': Ecstasy, relief among Brazil's Lula supporters
Thousands of Brazilians celebrated Luiz Inacio Lula da Silva’s presidential election victory over right-wing rival Flavio Bolsonaro in Sao Paulo, waving national flags and chanting slogans. Lula secured 51.8% of the vote against Bolsonaro’s 48.2%, with supporters hailing the result as a victory for democracy, workers and minorities.
Lula beats Trump-aligned Bolsonaro in Brazil Presidential election: What happens next for US ties and the Amazon
In a decisive victory, Luiz Inácio Lula da Silva has clinched the presidency of Brazil for the fourth time, signaling a potential shift in the nation’s diplomatic ties with the United States under Donald Trump. Lula's agenda includes combatting Amazon deforestation, a stark departure from Bolsonaro's environmental stance. Meanwhile, Flávio Bolsonaro seeks to uphold his father's political legacy.
Brazil election 2026: Flavio Bolsonaro refuses to concede, says he will seek annulment of vote after Lula's win
Brazilian Senator Flavio Bolsonaro has refused to concede defeat to President Luiz Inacio Lula da Silva and said he would seek to annul the presidential runoff. Bolsonaro called a Supreme Court justice’s decision to extend voting by two hours “unacceptable”, challenging the conduct of an election that secured Lula a fourth non-consecutive term.
Brazil presidential election results: Five economic challenges facing re-elected President Lula
Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda.
Global Market Today: Asian shares slip as AI jitters deepen ahead of big tech earnings
MSCI Inc.’s Asia Pacific equities gauge fell 0.2% ahead of this season’s busiest earnings week in Asia. US equity-index futures erased earlier gains and traded little changed.
Lula, Bolsonaro trade barbs over cost of living in final debate before Brazil runoff
Brazilian Senator Flavio Bolsonaro and President Luiz Inacio Lula da Silva engaged in a heated debate on cost of living. Both candidates aimed to win over undecided voters ahead of a tight election runoff. Bolsonaro criticized Lula's past while emphasizing his proposals for security and welfare. Lula defended his minimum wage increases and highlighted progress in reducing hunger in Brazil.
Brazil Presidential Election run off: Who is winning Donald Trump's ally Flavio Bolsonaro or Luiz Inacio Lula da Silva whom Barack Obama once called 'world's most popular politician'?
Brazil Presidential run off: Lula, who at 80 is one of the world's oldest heads of state, is Brazil's 35th and 39th president, having served from 2003-2010 and again since 2023. Bolsonaro, 45, aims to return his family name to power while his father serves time for attempting a coup to prevent the end of his 2019-2022 presidency.
5 world market themes for the week ahead
An important week is upcoming with central banks like the Federal Reserve and European Central Bank making policy decisions. Major companies, including Alphabet, Amazon, and Microsoft, are set to report their earnings. Political events are also significant, with elections in Israel and Brazil influencing markets. China's leadership will hold discussions focused on party governance amidst external pressures.
Brazil's Lula opens state toolbox to woo voters in runoff against Bolsonaro. Here's what is on offer
President Luiz Inacio Lula da Silva is campaigning against Flavio Bolsonaro in Brazil's upcoming presidential runoff election. Lula is proposing various populist promises aimed at securing voter support and winning the election. These promises include reducing the workweek and expanding welfare benefits through Bolsa Familia. Additionally, Lula's plans involve debt relief for low-income Brazilians and measures to reduce transportation costs.
Trump ordered to sit for deposition in $10b BBC lawsuit – his previous $10b case against CBS ended in a $16m settlement
President Trump has been ordered by a federal judge to sit for a deposition by December 11. The order comes after the BBC claimed that Trump was stalling in his defamation lawsuit against them. Trump's lawsuit concerns an edit of a documentary aired by the BBC that he alleges depicts him falsely. While the BBC has issued an apology, the broadcaster maintains that Trump did not suffer any damages.
Emmanuel Macron's unpopularity deepens as far right and left vie to succeed him
Emmanuel Macron's presidency is nearing its end while France experiences significant protests and political unrest. Candidates from both the far-right and far-left are utilizing the chaos to bolster their positions. Marine Le Pen aims to capture support by criticizing the current government's failures during the protests. In contrast, Jean-Luc Melenchon expresses solidarity with the protesters while denouncing violence.
India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, Canada
New Zealand is working to strengthen trade relations with Brazil and Canada in response to economic uncertainties. The country expects to complete the first New Zealand-Brazil Trade and Investment Dialogue after upcoming elections. A new free trade agreement with India has been implemented, making more than half of exports tariff-free. The agreement will benefit various products, including sheep meat and wool, as well as local businesses.
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.
Meta's board signals 'recurring' failures in election content moderation
The oversight board for social media giant Meta said Tuesday it found "recurrent enforcement failures" in content moderation related to the US midterm elections and Brazil's presidential election. The identified failures were often cases of "over-enforcement that suppresses political speech, and under-enforcement that undermines electoral integrity," said the board, which independently checks moderation on Meta's Instagram, WhatsApp and Facebook platforms.
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.
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
Brazil elections: Lula, Bolsonaro face off in first debate ahead of Presidential runoff
Brazil's presidential election runoff includes a crucial debate between President Luiz Inacio Lula da Silva and Senator Flavio Bolsonaro. Lula's campaign has shifted, engaging younger influencers for improved social media strategies to connect with voters. Bolsonaro has criticized Lula's promises, accusing him of deceiving people for electoral gain. Recent polls show a tightening race, and both candidates are ramping up their efforts.
Meta employees confirm in internal communications of alleged bias against Lula in Brazilian elections, reports newspaper
Meta's employees confirmed in an internal communication that the company had restricited Brazilian President Luiz Inácio Lula da Silva’s accounts during the Brazilian elections. The development followed Brazil's top electoral court ruling that the tech company must ensure equal treatment of the presidential candidates ahead of the October 25 runoff elections. The ruling had come after Lula filed a complaint accusing Meta of restrictions in favour of opposition candidate Flavio Bolsonaro.
Brazil election: Lula closes gap with Bolsonaro ahead of runoff
Brazilian President Luiz Inacio Lula da Silva has seen a decrease in the lead of rival Flavio Bolsonaro. Poll results indicate that Lula is now at 49 percent compared to Bolsonaro's 51 percent. This shift follows Lula's efforts to enhance his social media presence and promote social measures. These developments are critical as the presidential runoff approaches on October 25.
Trump confuses India with Brazil amid election, calls US voting ‘corrupt’
Donald Trump mistakenly stated that 125 million people voted in an Indian presidential election on social media. He compared this with the US election process, claiming results take longer to calculate. Trump’s comments actually referred to Brazil's presidential election that occurred recently. India does not have a presidential election system resembling that of Brazil. The confusion arose from a mix-up between the two countries' electoral processes.
Brazil Election 2026 results: Flavio Bolsonaro, Luiz Inacio Lula da Silva fail to win Presidential polls, Brazil heads for runoff. Check date, procedure, what will happen now
Brazil Election results: Both Luiz Inacio Lula da Silva and Flavio Bolsonaro will have three weeks to reach moderate voters who did not support them in the first round. Ronaldo Caiado and Renan Santos, two candidates who found moderate support in Sunday’s election, have previously said they will not endorse either bidder in the runoff.
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