Jair Bolsonaro gestures after casting his vote during general elections. Photo: Buda Mendes/Getty Images

Jair Bolsonaro — a far-right candidate whose misogyny, racism and reverence for military dictators has made him one of Latin America's most polarizing figures — has won Brazil's presidency with over 55% of the vote, per the AP.

Why it matters: Many viewed Brazil's election as a referendum on crime and corruption, with each of the country's last three presidents facing impeachment votes or imprisonment due to their involvement in bribery scandals. Bolsonaro has been dubbed "The Trump of the Tropics," but a more apt comparison would perhaps be President Rodrigo Duterte of the Philippines. Both share an authoritarian, populist style that promises tough action, simple solutions to complex problems, and a strongman’s determination to fight crime and right the economy — ignoring democratic norms if needed.

The big picture: The political situation in Brazil is a particularly extreme offshoot of a populist wave that continues to upend establishment parties all over the world.

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BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.