The Latest Breaking News from Paraguay

Paraguayans on Monday were mixed about the prospects of another five years of conservative Colorado party rule, but hoped President-elect Santiago Pena could reboot the country’s farm-driven economy.

News of Santiago Pena's election victory in Paraguay will be cheered by officials in Taiwan, which faces an uphill battle against China's economic muscle to keep its remaining 13 allies worldwide, including its last in South America.

Paraguayan conservative economist Santiago Pena, 44, won the country's presidential election on Sunday, tightening the ruling Colorado Party's political grip in the country and defusing fears about the end of diplomatic ties with Taiwan.

An opposition coalition in Paraguay will seek to unseat South America’s longest-governing party in elections focused on corruption, the economy and health system problems

In Paraguay's election on Sunday, Soledad Nunez, a 40-year-old engineer and former minister, is looking to break into the South American country's male-dominated political arena as its first elected female vice president.

Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.

In the heart of Paraguay's capital Asuncion, a tropical city close to the Argentine border, voters are gearing up for election day on Sunday, with the economy, corruption and Taiwan on their minds.

Voters in Paraguay decide Sunday whether to stay with the party that has governed for seven decades or back a broad opposition coalition that has mounted a strong challenge amid discontent over health, schools and corruption

Setbacks for the long-ruling Colorado party have opened up the presidential race, but critics say the opposition lacks coherent policies