Officially, leftist former President Luiz Inácio Lula da Silva won the first round of Brazil’s tense presidential race on Sunday, with 48% of votes. In fact, current leader Jair Bolsonaro was the one who emerged victorious, beating the predictions of pollsters and boosted by the success of several key congressional and gubernatorial allies, who demonstrated the resilient support for his ...

  Say it quietly: Inflation isn’t all bad for supermarkets. Amid predictions of the cost-of-living crisis devastating the consumer industries, Britain’s biggest retailer, Tesco Plc, reported better-than-expected first-half sales, as higher prices and Brits enjoying themselves during the summer heatwave boosted revenue. Tesco said UK like-for-like sales rose 0.7% in the six months to Aug. 27, compared with expectations of ...

  The one-two punch of rising US interest rates and a strengthening dollar is making investors crave spicy yields. Markets were in turmoil last week when 10-year UK gilts struggled to find takers even at 4.5% — and only calmed down when the Bank of England stepped in as a buyer. However, it isn’t just British fare that’s getting passed ...