What We're Watching

​What We’re Watching: Milei’s smashing election night, Brazil’s Lula eyes US trade deal, Sudan’s rebel forces seize stricken Darfur town

​Argentina's President Javier Milei celebrates after the La Libertad Avanza party won the midterm election, which is seen as crucial for Milei's administration after U.S. President Donald Trump warned that future support for Argentina would depend on Milei's party performing well in the vote, in Buenos Aires, Argentina, October 26, 2025.
Argentina's President Javier Milei celebrates after the La Libertad Avanza party won the midterm election, which is seen as crucial for Milei's administration after U.S. President Donald Trump warned that future support for Argentina would depend on Milei's party performing well in the vote, in Buenos Aires, Argentina, October 26, 2025.
REUTERS/Cristina Sille

Argentina’s Milei bounces back in midterms

Argentine President Javier Milei’s La Libertad Avanza party surged in yesterday’s parliamentary elections, getting more than 40% of the vote – against just 32% for the opposition Peronists – winning enough seats to ensure the opposition can’t override the president’s veto. Milei was in a tough spot ahead of the vote, facing a stagnating economy, a corruption scandal involving his sister, and dwindling central bank reserves (a result of his policy of propping up the peso). But the results suggest Argentine voters appreciate the “anarcho-capitalist” outsider’s efforts to tame inflation via economic “shock therapy.” Argentine bonds surged following the results, which gives Milei a mandate to continue with his approach while also opening the way for a $20 billion bailout from the United States.

Can Trump and Lula make a deal?

After meeting with Trump at the ASEAN summit in Malaysia yesterday, Brazil’s President Luiz Inácio Lula da Silvasaid a new US-Brazil trade deal is “guaranteed.” In June, US President Donald Trump slapped 50% tariffs on Brazil, blasting the country’s controversial content moderation policies, demanding an end to the prosecution of former President Jair Bolsonaro on coup charges, and accusing the country of “unfair” trade practices (note: the US actually runs a surplus with Brazil). Is a deal possible? Lula won’t change tack on content moderation, nor is he going to “free” Bolsonaro. What else might Washington seek from Brazil instead? Trump seems less certain of a deal than Lula, saying only “we’ll see.”

Sudan’s Darfur region falls to the Rapid Support Forces

In a fresh turn for Sudan’s brutal civil war, the Rapid Support Forces (RSF) have pushed their rivals in the Sudanese Army out of El Fasher, a key city in the Darfur region. The move gives the RSF broader control over Western Sudan. El Fasher has been under siege since April, with civilians trapped inside enduring extreme famine and violence. The RSF, which has been accused of genocide by the US, was driven out of eastern and central Sudan, as well as the capital, Khartoum, earlier this year.

More For You

India's Prime Minister Narendra Modi greets his supporters as he arrives at the Bharatiya Janata Party (BJP) headquarters, as the BJP won the Assam state assembly election and was on course to win West Bengal, in New Delhi, India, May 4, 2026.
REUTERS

India’s Modi consolidates grip after historic state election win, Venezuela and Guyana are back in court over border dispute, Trump administration weighs a hands-on approach to AI

Natalie Johnson

Canadian Prime Minister Mark Carney attended a meeting of the European Political Community in Armenia this weekend, a first by the leader of a non-European country. He was invited to discuss common interests in trade, energy, and security. In a speech that echoed his address to the World Economic Forum in Davos two months earlier, Carney called on middle powers, including Canada and European nations, to work together in the wake of disruption of the established world order — implicitly pointing to the United States. “It’s my strong personal view that the international order will be rebuilt,” he told the crowd in Yerevan, “but it will be rebuilt out of Europe.”