
Luiz Inacio Lula da Silva beats Flavio Bolsonaro and becomes president for the fourth time, despite the turbulence in the financial markets.
AI-generated summary
Lula won the Brazilian elections overtaking Flavio Bolsonaro with 51.74% of the votes. This is his fourth presidential term.
Luiz Inacio Lula da Silva triumphed in the Brazilian elections, with an unexpected and epochal comeback over Flavio Bolsonaro: millions of supporters celebrated their beloved worker president all night between Sunday and Monday. A vote that Donald Trump defined as "rigged" while admitting his sympathy for Lula: "I get along with him", said the tycoon. As for the loser, the police took away his passports and prohibited him from leaving the country, while his right-hand man, the influencer Nicolas Ferreira, admitted what has been clear to everyone for hours: there is no possibility that the vote will be annulled.
Meanwhile, the markets react badly to Lula's election: the stock market collapsed by almost 17%, and trading was suspended.
The Brazilian currency also plummeted: the dollar soared by 12.04%, reaching 5.597 against the real. For experts it is "an adjustment of position" in the face of the great surprise at the polls and not a structural problem. In any case, Lula is considering entrusting the Economy to his deputy, the moderate Geraldo Alckmin, to give a reassuring signal to Faria Lima, the financial district of Sao Paulo.
That said, the victory of the latest icon of the global left was extraordinary: he confirmed himself as president of Brazil for the fourth time. The final data gives him 51.74% of the preferences against 48.2% of his rival, a clear difference, well above the head-to-head expected on the eve.
Lula also stopped the advance of the Trumpian right in Latin America. And after admitting that he had never had a smartphone, he also slammed Meta and his interference in his electoral campaign. Good news also for the LGBT community, for the rights of minorities and indigenous people. And also for environmental policies to defend the Amazon. But the victory is also historic for its methods: never in Brazil has a candidate won after losing in the first round. And never winning so many votes, over 64 million. Behind the victory of this highlander of global progressivism there is certainly a boom in participation: abstention dropped by two points, a sign that those who stayed at home in the first round also voted, but changed their minds, perhaps driven by fear of another Bolsonaro as president. Thus the most Catholic country in the world will not be led for the first time by an evangelical.
The comeback is the result of popular mobilization in the streets and online. Thanks to the contribution of his online "army" and the green light for social reforms (think of the short week) Lula managed to recover a situation that seemed absolutely hopeless: on the night of the first round he was about two million votes behind his opponent. Bolsonaro was sure of victory, convinced that he would receive the nine million votes of the excluded candidates, all of them centre-right.
But this time too, the elderly leader who turns 81 tomorrow beat another Bolsonaro after Jair. Now he will have to govern a country with a parliament in the hands of the right and keep his electoral campaign promises. Furthermore, he knows that he does not have another mandate available and will certainly have to deal with his succession. But he'll think about it from tomorrow. For now, he's enjoying the party. Millions of Brazilians colored Copacabana like the Avenida Paulista in Sao Paulo with their red shirts, as if Brazil had won the sixth World Cup, happy and proud, making the 'L' with their hand, symbol of their leader. A president still in the saddle, despite many on the verge of thinking that he was now a leader of the past, to be relegated among the figures of the twentieth century. Instead, surprisingly, the Brazilian people, through the vote, responded differently.
Iranian National Security Secretary Mohsen Rezaei criticizes US actions in the region. Meanwhile, the Houthis claim responsibility for a missile attack against the Ras Tanura refinery in Saudi Arabia.
A humanitarian truce has come into force in Oleshky, Kherson. Russian President Putin discussed with the leaders of Finland and Norway, reiterating that peace requires respecting Russian interests. Meanwhile, massive Russian raids hit Ukraine.

The European Commission is proposing a reform of Frontex to transform it into the operational arm of repatriations, strengthening the permanent corps to 30 thousand agents and introducing new crisis and monitoring units for the security of external borders.

A humanitarian truce has come into force in Oleshky, as Russia launches intense drone and ballistic missile strikes on Kiev and other regions. Meanwhile, the leaders of Finland and Norway speak with Putin and Zelensky.

Indian authorities have started the evacuation of tens of thousands of people in the states of Odisha and Andhra Pradesh in view of the arrival of Cyclone Arnab, also ordering the closure of schools and a fishing ban.
Downing Street urges British citizens to equip themselves with 72-hour emergency kits to deal with cyber attacks and floods. Boom in sales for the hand-crank radios produced by the Reggio Emilia branch.