Lula won Brazil’s runoff with 51.8%, but Flávio Bolsonaro’s demand to annul the result adds institutional risk to an already fragile economic outlook.
Colombia declares a national emergency after a 7.4 magnitude earthquake causes significant casualties and infrastructure damage, prompting U.S. aid and economic challenges for the new administration.
Ukraine's parliament will vote on July 16 to confirm Sergey Koretsky as prime minister, initiating a major government reshuffle with significant implications for economic and defense policies.
Hungary’s new government initiates talks with the European Commission to unlock €35 billion in frozen EU funds, contingent on reforms and realignment with EU values.
Viktor Orban declines his parliamentary seat to focus on party leadership as Hungary’s new government signals major policy reversals impacting EU and Russia relations.