Global Markets Celebrate Election of Bolsonaro and Downfall of Merkel AFP 29 Oct 2018
03 November, 2018, 16:27
President Muhammadu Buhari has congratulated right-wing politician, Mr JairBolsonaro on his victory in Brazil's presidential election run-off on Sunday.
Bolsonaro, a legislator and former military officer, campaigned on his own version of Trump's "America First" slogan and eagerly embraces the term "fake news" to describe critical press coverage. But investors said further gains will hinge on clearer signs he will deliver on a market-friendly agenda. However, his praise of Brazil's former dictatorship and his comments on race, women and homosexuality have raised concern. His victory brings Brazil´s military back into the political limelight after it spent three decades in the barracks following the country´s 1964-1985 dictatorship.
Bolsonaro, 63, said he planned to govern "following the teachings of God, alongside the Brazilian constitution and with good technical advice, without political leanings".
The president-elect's future chief of staff told Reuters his first worldwide trip would be to Chile, another South American nation that swung to the political right in recent elections, and soon after that he hoped to visit the United States.
A former environment minister tweeted that the move was "tragic".
His populist approach has led to some media dubbing him "Trump of the Tropics".
Brazil and South Africa share membership of the important BRICS and IBSA formations.
Despite relatively robust legal protections, Brazil is already the deadliest place for environmentalists, with pressure group Global Witness recording 57 deaths of people protecting land there a year ago.
Charles Tang, chairman of the Brazil-China chamber of commerce in Rio de Janeiro, said he believes Bolsonaro will moderate his positions once in office, and that the president-elect's attempts to forge closer ties to the Trump administration should not harm relations with China. Bolsonaro relied on the support of evangelical groups in the run-up to the election.
Bolsonaro himself was stabbed in the abdomen at a rally last month and will need to undergo surgery in mid-December to remove a colostomy bag before he can travel to Santiago and Washington.
Bolsonaro defeated his Leftist opponent Fernando Haddad of the Workers' Party 55.5 per cent against 44.5 per cent of the votes with 96 per cent of ballots counted.
Activists are particularly anxious about the implications for the Amazon rainforest, the "lungs of the planet", which is already losing an area the size of Costa Rica to deforestation each year.
In a 2013 interview with British television personality Stephen Fry, Bolsonaro said that "Brazilian society doesn't like homosexuals" and claimed that gays were brainwashing heterosexual children to "become gays and lesbians to satisfy them sexually in the future".
Bolsonaro's rhetoric has proved beneficial to certain sectors.
Brazil's president-elect Jair Bolsonaro says he wants the country's best-known anti-corruption judge to be justice minister or to serve on the Supreme Court. Globo said on Tuesday that federal government advertising represented less than 4 percent of the revenue for its flagship channel, TV Globo, without providing more detailed figures.
Shah Rukh, who has played the romantic hero, the villain and many diverse roles, has been one to love technology. Here are the 10 avatars of the actor from the film Zero that we bet you must haven't seen before.
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Following the announcement of his death, some of Haq's supporters rioted in the streets of Rawalpindo and the capital Islamabad. Police say they have transferred Haq's body to a hospital and officers are still investigating.
Egypt's Copts have in the past accused the authorities of making only token gestures to protect them from such attacks. Egypt's government imposed a countrywide three-month state of emergency after the April 2017 church bombings.
Baldwin allegedly punched someone in an altercation over a parking spot, law enforcement sources told the outlet. Last year, the actor bought another apartment on the building's 12th floor, shelling out 1.3 million dollars.
Mr Khan's trip to China comes amid unrest at home over the acquittal of a Pakistani Christian woman on death row for blasphemy. It is also seeking fresh loans from Saudi Arabia and China, discussion of which is expected to dominate Khan's visit.
Our second source points out that Grande has addressed the split publicly so it's only fair that Davidson does the same. In a teaser for this week's episode with host Jonah Hill , Davidson jokingly proposed to musical guest Maggie Rogers .
Mr Trump's posture toward China has been closely watched by investors, who are looking for the possibility of tensions cooling. Ten percent tariffs on US$200 billion in imports that took effect in September are due to increase to 25% on Jan 1.
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