Luiz Inacio Lula Da Silva

Last week, Lula told reporters that security force members were complicit in letting a mob of supporters of far-right former leader Bolsonaro storm the main buildings

Executive secretary of the Brazilian Justice Minister vowed to punish all those involved in breaching the government buildings

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On the campaign trail, Luiz Incio Lula da Silva promised to sustain a massive welfare programme, increase the minimum wage and boost health and education spending. Now, Brazil's president-elect is trying to make good on those pledges -- and investors are showing concern. Da Silva's transition team on Wednesday night presented Congress with an outline of a proposal to skirt a constitutionally imposed spending cap by creating a carve-out for welfare. Then, at the climate talks in Egypt on Thursday, he reiterated that he pays little heed to whether his plans to lead a socially responsible government might cause jittery speculators to sell off. When trading opened on Thursday, Brazil's currency slid to its weakest level against the dollar since July and the benchmark Bovespa stock index fell more than 2.5 per cent, before trimming losses hours later. Traders have begun pricing in interest-rate hikes next year rather than cuts, as da Silva's proposal "confirmed (fiscal) risk that before .

US President Joe Biden on Sunday congratulated Luiz Incio Lula da Silva on his election to be the next president of Brazil. I send my congratulations to Luiz Incio Lula da Silva on his election to be the next president of Brazil following free, fair, and credible elections, Biden said in a statement. I look forward to working together to continue the cooperation between our two countries in the months and years ahead, he said.

Brazil's electoral authority said Sunday that Luiz Incio Lula da Silva of the leftist Worker's Party defeated incumbent Jair Bolsonaro to become the country's next president. With 98.8 per cent of the votes tallied in the runoff vote, da Silva had 50.8 per cent and Bolsonaro 49.2 per cent, and the election authority said da Silva's victory was a mathematical certainty. Da Silva the country's former president from 2003-2010 has promised to restore the country's more prosperous past, yet faces faces headwinds in a polarised society. It is a stunning return to power for da Silva, 77, whose 2018 imprisonment over a corruption scandal sidelined him from that year's election, paving the way for then-candidate Bolsonaro's win and four years of far-right politics. His victory marks the first time since Brazil's 1985 return to democracy that the sitting president has failed to win reelection. His inauguration is scheduled to take place on January 1. Thomas Traumann, an independent politi

Lula unexpectedly lost the overall state of Sao Paulo to Jair Bolsonaro by almost seven percentage points, a defeat that has Lula's team scrambling to shore up support before the Oct. 30 showdown

A sharp left-right dichotomy is a common way to think about the stakes in the runoff poll on Oct. 30. Still, as with the candidates' economic platforms, their forest policies have a lot more in common

Most polls have shown Lula with a solid lead for months, but Bolsonaro has signaled he may refuse to accept defeat, stoking fears of institutional crisis or post-election violence

Lula was found guilty last year of taking a luxury apartment as a bribe from a construction company