Congress promulgated a constitutional amendment, setting the fiscal and trade course of Brazil amid the presidential contest.

The entities involved

• Luiz Inácio Lula da Silva →

  president of Brazil from 2003 to 2011 and since 2023

  • President Lula issued an extraordinary credit measure and subsidies were allocated to the Ministry of Mines and Energy due to high oil prices linked to Middle East escalation.07:46
  • Protests against high interest rates occurred in São Paulo as the President faced financial market pressure amid global oil price hikes.07:46
• Flávio Bolsonaro →

  Brazilian politician, former state deputy of Rio de Janeiro and Senator of the Federative Republic of Brazil since 2019

  • Lula's campaign and Bolsonaro faced bias accusations, leading a court to rule Meta must provide equal platform treatment.06:57
  • Brazil's judiciary ordered Meta to ensure equal treatment of political rivals, following requests from Lula's campaign.Wed 21:39
• Petrobras →

  Brazilian multinational oil and gas corporation

  • Petrobras is acquiring stakes from Copersucar, Raízen, and Camargo Corrêa while managing fuel distribution through various hubs and pipelines.Thu 15:23
  • Petrobras is reportedly facing political policy influence, coinciding with Jair Bolsonaro campaigning for office.Thu 13:05

Related events

• Luiz Inácio Lula da Silva wins the presidential election in Brazil, leading to political tensions with Donald Trump's administration.Oct 29
• Flávio Bolsonaro is seeking victory over Lula in elections while Donald Trump imposes the largest tariff increase on Brazil.Jul 27
• Flávio Bolsonaro, Renan Santos, and Luiz Inácio Lula da Silva are involved in a political challenge aimed at remaking Brazil's political landscape and challenging established dominance.Jul 30
• UBS assesses the election outlook for Brazilian candidates Lula da Silva and Flávio Bolsonaro.Oct 7
• Flávio Bolsonaro is identified as a Brazilian politician.Oct 20