FT News Briefing Lula’s comeback, Bolsonaro’s silence
Nov 1, 2022
Biden demands more from oil companies, suggesting higher taxes to address soaring gas prices. Brazil's political landscape remains tense as Lula's victory over Bolsonaro stirs uncertainty about economic direction. Meanwhile, Renault and Nissan inch closer to a restructuring deal aimed at revitalizing their longstanding partnership, navigating cultural and competitive complexities. The dynamics of global energy, Brazil’s political polarization, and automotive alliances make for a riveting discussion.
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Lula's Third Term Challenges
- Lula faces significant challenges in his third term as Brazil's president, including a slowing economy and high expectations.
- Despite inheriting a different economic landscape than his previous terms, he aims to unite a polarized nation.
Renault-Nissan Alliance Issues
- The Renault-Nissan alliance, once a model partnership, faced internal competition and cultural clashes.
- An example is the Renault Zoe and Nissan Leaf, which were designed to share many parts but ended up with only one common item.
Renault-Nissan Deal
- Renault and Nissan are working on a deal to equalize their stakes and give each other voting rights.
- This signifies a potential shift in their relationship dynamics, which could lead to better cooperation in the future.