Brazil’s President Luiz Inácio Lula da Silva was once called the most popular politician on Earth by then-U.S. President Barack Obama.

The Brazilian government is reinstating a stricter greenhouse gas emissions target first announced in 2015 as part of the Paris Agreement.

President-elect Luiz Inácio Lula da Silva’s transition has added a team of economists that includes at least two members likely to allay market worries about potential business and financial policies the incoming leftist leader might be considering.

President Jair Bolsonaro has met briefly with the envoy coordinating the transfer of power to Luiz Inácio Lula da Silva, four days after Bolsonaro's tight election loss that has sparked protests by his supporters and his refusal to publicly concede.

Luiz Inácio Lula da Silva has done it again: Twenty years after first winning the Brazilian presidency, the leftist defeated incumbent Jair Bolsonaro Sunday in an extremely tight election that marks an about-face for the country after four years of far-right politics.