All articles tagged with #political defeat
Argentina's financial markets plummeted after a landslide defeat for reformist leader Javier Milei in local elections, causing a sharp selloff in bonds, stocks, and the peso, and raising concerns about the country's economic stability and political future amid ongoing scandals and economic reforms.
Mauritius Prime Minister Pravind Jugnauth has conceded defeat in the parliamentary elections, acknowledging that his coalition, L'Alliance Lepep, lost to the Alliance of Change led by Navin Ramgoolam. The election, marked by a phone-tapping scandal and a temporary social media ban, saw high voter turnout with public dissatisfaction over governance and the cost-of-living crisis influencing the outcome. Ramgoolam, poised to become the next leader, has promised reforms including increased pensions and reduced fuel costs. The election follows a historic agreement with the UK over the Chagos Islands.
South Korea's prime minister and senior presidential officials have offered to resign en masse after the conservative ruling party suffered a significant defeat in parliamentary elections, dealing a blow to President Yoon Suk Yeol's domestic agenda. The liberal opposition is set to extend its control of the parliament, impacting Yoon's ability to push through major policy platforms.