Brazil has made its choice. What comes next for Latin America’s biggest economy?

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• 00:03

  Craft matters.

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  In small ways, like how a coffee is brewed.

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  And in not-so-small ways, like how your money is cared for.

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  Which is why for 160 years, UBS has elevated banking to a craft.

• 00:17

  Tailoring unique strategies that combine human expertise with the latest technologies.

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  All happening across 24 time zones and 12 key financial hubs.

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  With you at the heart of it all.

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  UBS.

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  Advice is our craft.

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  You're listening to The Globalist, first broadcast on the 26th of October, 2026 on Monocle Radio.

• 00:44

  The Globalist in association with UBS.

• 01:08

  Live from London, this is The Globalist.

• 01:10

  A very warm welcome to today's programme.

• 01:12

  I'm Emma Nelson.

• 01:13

  And I'm Fenula Sweeney.

• 01:15

  Coming up.

• 01:15

  Good morning.

• 01:16

  I'm Fernando Gusto Pacheco and I'll be talking about the surprising result in the Brazilian presidential election.

• 01:21

  President Lula is re-elected with a comfortable majority.

• 01:25

  Thank you, Faye.

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