Lula wins fourth term as Brazil president after historic upset over far-right Flávio Bolsonaro
Leftist incumbent Lula says unprecedented comeback was a ‘defeat for denialism’ as Bolsonaro refuses to accept election result * Lula wins election in stunning comeback – live updates Luiz Inácio Lula da Silva, the Brazilian president, has staged a dramatic election fightback, defeating his far-right opponent, Flávio Bolsonaro, to claim a historic fourth term in power. With 100% of votes counted the 80-year-old leftist received 4.4m votes more than Bolsonaro, with a 51.79% share to his 45-year-old rival’s 48.21%. However, soon after Brazil’s electoral authority confirmed Lula’s victory, Bolsonaro refused to concede defeat and asked for the results to be annulled. Continue reading...
Serbian leader Aleksandar Vučić concedes defeat in fiercely contested parliamentary election
Vučić’s 12-year reign looks to have been ended by record turnout of voters in election provoked by student-led protests Serbia’s veteran leader Aleksandar Vučić has conceded defeat to the student movement, ushering in a seismic political shift after two years of student-led protests gave rise to a fiercely contested parliamentary election. Speaking on Sunday, Vučić cited preliminary results that showed the student-backed protest movement surging ahead. “Based on a stratified sample, it is clear that we lost these elections,” Vučić told supporters at his party headquarters in Belgrade. Continue reading...
Unions suspend planned V&A strike after improved pay offer
London sites to remain open as Prospect and PCS agree to ‘Acas-faciliated talks’ with museum management A planned strike at the V&A over half-term has been suspended after an improved offer from management. Museum staff who were members of the Prospect and Public and Commercial Services (PCS) unions had voted to strike on Thursday and Friday in a dispute over pay and working conditions including inadequate toilet and hydration breaks. The strike would have closed the V&A’s main galleries in south Kensington, as well as V&A East, V&A Storehouse and Young V&A in east London. Continue reading...
High-level delegation visits Iran to try to avert flare-up with US and Israel
Senior officials from Saudi Arabia, Pakistan and Turkey travel to Tehran as bellicose rhetoric heightens High-level diplomatic delegations from Saudi Arabia, Turkey and Pakistan have travelled to Tehran in an attempt to prevent renewed fighting between Iran and the US and Israel as rhetoric sharpens on both sides. Security officials and diplomats at Monday’s meeting were expected to discuss how Iran could persuade the Houthis in Yemen to end their crippling missile and drone attacks on infrastructure in Saudi Arabia. With fighting raging across Yemen, the Houthis claimed to have closed Riyadh airport and inflicted heavy damage on the Saudi economy. Continue reading...
COMMENTARY: AI gloom revives the specter of stagflation
AI skittishness has put the brakes on Wall Street's rally, resuscitating demand for US Treasuries as investors seek to protect portfolios, even as surging energy prices stoke inflation. This could put the Federal Reserve in an unenviable stagflationary bind.
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