Brazil presidential election: Lula turned it around and won

Luiz Inácio Lula da Silva won Brazil's presidential election, marking his fourth term. His opponent, Flávio Bolsonaro, refuses to accept the results and seeks annulment. Lula secured about 52% of the votes, while Bolsonaro received around 48%. Lula's new term begins on January 5, where he promises to collaborate with a conservative congress and enhance social participation. Bolsonaro questions the election's legitimacy due to extended voting hours caused by issues in several regions. Analysts believe the chances of annulment are low, as Bolsonaro's camp also requested extended voting. Lula's victory comes after his imprisonment for corruption, with his previous convictions later annulled. He faces challenges in a politically conservative environment and a sluggish economy, which has affected investor confidence, leading to declines in stock market performance.