The Latest Breaking News from Paraguay

Conservative Santiago Peña’s overwhelming win in Paraguay’s presidential election not only reaffirmed the long-ruling Colorado Party’s hold on power but raised questions about the future role of his powerful political mentor, who has been accused of corruption by the United States

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.

The Colorado Party remained the dominant force of Paraguayan politics as the vote count from Sunday's election gave an overwhelming lead to its presidential candidate, Santiago Peña.

Santiago Peña of the Colorado party is elected, defeating Efraín Alegre who wanted to switch diplomatic recognition to China

Paraguayans have voted overwhelmingly to keep the long-ruling Colorado Party in power for five more years, backing its presidential candidate and giving it control of both houses of Congress

Paraguay's President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan.

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.