Brazil's Bolsonaro Party Concedes Lula's Surprise Re-Election Win

boursorama.com (French) —

Brazil's conservative party has conceded President Luiz Inacio Lula da Silva's surprise re-election, despite Donald Trump calling the vote "rigged." Conservative candidate Flavio Bolsonaro has not formally conceded defeat. Bolsonaro's party acknowledged the electoral court's result but requested clarification on social welfare programs approved during the campaign. Bolsonaro said he would seek Lula's disqualification for alleged "economic and political abuse of power," while a judge ordered him to surrender his passports. Lula, turning 81 Tuesday, secured an unprecedented fourth term by four points, galvanizing left-wing support. Markets fell nearly 14% on concerns over his spending promises, while international leaders from Europe, China, and Russia congratulated him.


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