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Brazil presidential election headed for a run-off vote

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Brazil presidential election is heading for a run-off vote after neither party managed to win a majority

BRAZIL PRESIDENTIAL ELECTION – It appears Brazil is heading to a run-off vote, with current President Jair Bolsonaro and rival Luiz Inacio Lula da Silva set to battle it out for the top job.

With 95% of electronic votes counted, Lula was ahead with 47.6 per cent of votes versus 43.9 per cent for Bolsonaro. This means neither party was able to gain the majority required to take office.

Luiz Inacio Lula da Silva is a Brazilian politician who served as the President of Brazil from 2003 to 2011.

Several opinion surveys had Lula leading Bolsonaro by 10-15 percentage points ahead of Sunday’s vote. Bolsonaro’s strong showing came as a surprise to many.

The key issues in the election are corruption, crime and the economy. Bolsonaro has been a vocal critic of Lula and his Workers’ Party, which has been dogged by corruption scandals.

Bolsonaro’s reputation is mixed. He is a career lawmaker who rode a backlash against the Workers’ Party to victory in 2018.

He has dismantled environmental and indigenous protections to the delight of commercial farmers and wildcat miners, while pushing an anti-gay and anti-abortion agenda.

His popularity has suffered since the coronavirus pandemic, which he dismissed as a “little flu.” Corruption scandals also forced ministers out of his government.

Lula promises to improve the fortunes of Brazil’s poor and working classes, as he did as from 2003-2010, when he lifted millions out of poverty.

Lula spent 19 months in jail for bribery convictions that were later overturned. He has remained a powerful force in Brazilian politics from prison.

The second-round vote will take place on October 30th. It is likely to be a close contest, with both candidates having strong support bases.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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News

Apple’s iPhone 16 event puts AI back into the spotlight

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Leaders

Philadelphia prepares for the first debate between Harris & Trump

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Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending

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