
Lula secures fourth term as Brazil president despite opposition challenge
Luiz Inácio Lula da Silva won a fourth term in Brazil's presidential runoff, as challenger Flávio Bolsonaro called for the vote to be annulled.
Brazilian President Luiz Inácio Lula da Silva has secured a fourth term in office after winning a runoff election with 51.79% of the vote. Lula became the first president since Brazil's 1985 return to democracy to win after trailing in the first round of voting.
His opponent, Senator Flávio Bolsonaro, has refused to accept defeat and requested the annulment of the vote, citing a recent Supreme Court ruling.
International reactions were swift, with several world leaders celebrating Lula's victory. However, financial markets reacted negatively, with Brazilian pre-market stocks dropping significantly as investors had largely anticipated a win for Bolsonaro.
Sources: BBC News, Bloomberg, Daily Sabah, France24, Sweden Herald.
