Lula elected president, defeating son of ex-president dubbed ‘Brazil’s Trump’ to become first-ever four-term president

[Financial News] Brazilian leftist stalwart Luiz Inácio Lula da Silva won a fourth term overall, defeating Senator Flávio Bolsonaro in the runoff of Brazil’s presidential election held on the 25th (local time).
According to Brazil’s Superior Electoral Court, with 99.76% of the votes counted, President Lula had 51.76% of the vote, securing his victory over Bolsonaro, who received just 48.24%.
Since first taking office in 2003, President Lula has now won the presidency for the fourth time, setting a historic record as the first four-term president in Brazil’s modern political history. Since first running for president in 1989, he has made seven presidential bids in total, with a record of four wins and three losses (elected four times and defeated three times).
By contrast, candidate Flávio Bolsonaro, who, following his father, former President Jair Bolsonaro, notorious as ‘Brazil’s Trump,’ sought to make Brazil the first country to have both a father and son serve as president and did well early in the count but suffered a bitter defeat after a late reversal.
The ‘blue tide’—a wave of right-wing governments—sweeping Latin America since U.S. President Donald Trump took office has also been checked. No right-wing candidate had lost a presidential election in Latin America since the start of Trump’s second term, but the left has now won for the first time in Brazil, the region’s largest country.
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