Lula wins Brazil election, Bolsonaro brother contests result

Luiz Inacio Lula da Silva has been re-elected Brazil's president with 51.79% of the vote, defeating conservative candidate Flavio Bolsonaro, who refuses to recognize the result and has announced a legal challenge to annul the election. Brazil's electoral court confirmed the validity of the vote, but Bolsonaro's brother Eduardo has launched an international appeal claiming fraud without providing evidence. The Sao Paulo stock exchange fell nearly 16% following the result, though experts describe the drop as a market adjustment rather than a structural economic problem. Lula is considering conservative vice president Geraldo Alckmin as economy minister to reassure markets. International reactions are divided, with Argentina's President Milei facing diplomatic strain, while leaders from Spain, India, Ukraine, and Colombia have congratulated Lula.