police collect from Brazil’s main government complex on Sunday night after thousands of supporters of former right-wing President Jair Bolsonaro stormed Congress, the Supreme Court and the presidential palace.

Footage on social media earlier showed crowds vandalizing the interiors of the three institutions in Brasilia, in scenes reminiscent of the invasion of the Capitol two years ago by supporters of former President Donald Trump.

Dressed in the yellow and green of the Brazilian flag, the demonstrators demanded that Lula’s election victory be annulled, that the left-wing be imprisoned and that a military coup d’état take place. Police said 300 people were arrested.

Although government buildings were unoccupied and Congress was not in session, the abuses are likely to raise doubts about the security of Brazil’s political and judicial institutions.

The incident also marks difficult choices for Lula, who assumed the presidency just a week ago promising to unite the nation but will come under pressure to crack down on Bolsonaro’s radical supporters.

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Five more stories in the news

1. Goldman Sachs is preparing to cut 3,200 jobs to curb costs Goldman Sachs will start Cutting up to 3,200 jobs in a matter of days It faces a slowdown in investment banking and re-analyzes the consumer bank. Those cuts are some of the deepest cuts Goldman has made in its recent history and are more drastic than many peers are currently planning.

2. The US military deepens relations with Asian allies against the threat of China The American and Japanese armed forces are Rapidly integrating their command structure and expanding joint operations to prepare for a possible conflict with China over Taiwan, mimicking the basis that enabled Western countries to support Ukrainian resistance to Russia, the commander of the Marine Corps in Japan told the Financial Times.

3. Sanak health unions warn of new strikes unless wage supply is strengthened Leaders of the Royal College of Nursing and three ambulance workers’ unions – some of which are due to strike on Wednesday – said yesterday that without a new pay offer for the current year, any talks today It will be in vain. British Prime Minister Rishi Sunak proposed the talks after weeks of deadlock between ministers and unions.

4. Macron prepares to fight over French pension reform French President Emmanuel Macron will press ahead with his efforts The long-promised and unpopular plan To reform his country’s costly pension system. The bill, which would require citizens to work for two or three years after the current retirement age of 62 to qualify for a full pension, could renew street protests and a backlash from political opponents.

5. Women pass 40% in European Financial Services Boards EY report mentioned women 42 percent of the seats in boardrooms among financial services firms as of January, up from 37 percent in June. The data underscores the important path ahead for employers seeking to improve female representation, which campaigners said is only part of the process for a fairer financial sector.

next day

Economic data Germany releases industrial production data for November, and France releases trade figures for the same month.

Emmanuel Macron hosting Fumio Kishida The French President and the Japanese Prime Minister meet for a working dinner at the Elysee Palace – Kishida His first stop on his five-country tour across France, Italy, Britain and Canada. (artifacts)

International Conference on Climate Resilience in Pakistan Prime Minister Mohammad Shahbaz Sharif and United Nations Secretary-General António Guterres Co-hosting the conference in Geneva After the deadly floods in Pakistan last year. (guardian)

North American summit in Mexico President Andrés Manuel López Obrador host the trilateral summit With US President Joe Biden and Canadian Prime Minister Justin Trudeau at the National Palace in Mexico City. (Reuters)

Cornwall satellite launch Virgin Orbit will run The launch of the first space satellite From mainland Britain today when nine satellites will be launched into orbit using a rocket launched from a Boeing 747. (Guardian)

Returning to its regular January schedule, the World Economic Forum’s 2023 annual meeting will bring together global leaders in Switzerland next week. Join FT Live in Davos for in-person and digital events from 16th to 20th January. View events and register for free here.

What else do we read

North Korea’s evolving nuclear threat Despite tough international sanctions and severe self-imposed isolation during the coronavirus pandemic, experts warn North Korea has made such rapid progress with its military objectives that the current arrangements for the defense of South Korea, Japan and the United States could soon become obsolete.

“I think there is a serious risk that there could be a crisis in North Korea while we are all focused on the possibility of China invading Taiwan.” Sue Mi Terry, director of the Wilson Asia Center Program

From obscurity to a $240 billion valuation in 3 years The international holding company’s extraordinary transformation has gone largely unnoticed outside the UAE – and little understood, even by bankers based in the region. IHC’s CEO insists there are simple reasons for the company’s growth, however His account only explains part of the story.

Ukrainian engineers struggle to maintain the power grid As Moscow unleashes a relentless barrage of cruise missiles and drones aimed at destroying Ukraine’s power grid and plunging millions of civilians into the bitter darkness of winter, Ukraine has developed A three-pronged strategy to keep the lights on.

Investor’s Guide 2023: From Peak Dollars to Better TV The end of the easy money era and the return of inflation shook the global financial system last year, paving the way for new winners to emerge. Ruchir Sharma picks the 10 trends that will shape 2023.

The Southwest fiasco shows that hyper-efficiency is bad business The economical carrier stranded thousands of passengers during the last ten days of 2022, which indicates that management in numbers has gone too far, Written by Rana Forouhar.

Take a break from the news

Align your chakras in the light and sound therapy room, lock yourself away in the private Longevity Garden for a 75-minute exfoliation with volcanic pumice stones and lie on an infrared bed shaded by banana trees. Explore these four spa hotels for 2023.