Lula Wins Fourth Term in Brazil, Defying Predictions and Far-Right Populism

Brazil's Luiz Inácio Lula da Silva won a fourth presidential term, defying predictions after losing the first round, becoming the first Brazilian to achieve this feat. His victory marks a setback for far-right populism in Latin America and challenges the influence of digital platforms and tech giants. Lula's comeback followed a first-round loss to rival Flávio Bolsonaro, who fled to the United States after his defeat. The result was celebrated by leftist leaders across the region, while many right-wing presidents offered congratulations, with Argentina's Javier Milei notably refusing to do so. Brazilian financial markets reacted sharply, with stocks falling 15% and the real dropping 8% against the dollar. Lula faces significant challenges, including a divided Congress, high public debt, and the need to balance social promises with fiscal responsibility.