The decision to annul former president Lula da Silva's conviction had an immediate effect in financial markets and scrambled forecasts for the 2022 Brazilian presidential race, with many investors betting it would polarize voters between right-wing populist president Jair Bolsonaro, and Lula, a left-wing populist but also his greatest opponent.
Brazil’s jailed former president Lula da Silva is preparing to give up his bid to run in next month’s presidential election, party sources said, after he lost two appeals at the Supreme Court on Thursday. That will remove the most popular candidate from October’s race and pave the way for Lula’s hand-chosen successor, Fernando Haddad, to become the Workers Party (PT) candidate.
Brazil's Supreme Court (STF) Justice Edson Fachin has referred the appeal filed by the former president Lula da Silva's defense team to the full court. The ruling is expected for August, after the recess of the Brazilian judiciary.
Brazil's Supreme Court has cancelled a ruling set for Tuesday on an appeal by former president Luiz Inacio Lula da Silva to be freed from prison while he attempts to overturn his corruption sentence.
Odebrecht SA , the Brazilian engineering company at the center of a historic corruption scandal, paid about US$3.3 billion in bribes over a nine-year period that ran through 2014, according to testimony cited by local media in Sao Paulo.
An institutional and political earthquake is shaking Brazil: the Supreme Court has opened corruption investigations into nine ministers, three governors, 24 senators, 39 members of the Lower House and other elected officials totaling at least 108 politicians, according to a report published on Tuesday by O Estado de Sao Paulo.
Brazil's Supreme Court named a new justice on Thursday to oversee cases against politicians caught in a giant corruption probe after the previous judicial point man was killed in an airplane crash.