Bloomberg Mario Abdo Benitez, a former senator from the ruling Colorado Party, won Sunday’s presidential election in Paraguay, in a surprisingly narrow victory over the opposition candidate. Abdo Benitez, 46, whose father was the secretary of long-ruling dictator Alfredo Stroessner, had 46.4 percent of the vote, with almost 100 percent of voting stations counted, according to preliminary results from the ...

Bloomberg Moon Jae-in set his mind on South Korea’s presidency nine years ago, when his ailing role model, Nobel Peace Prize-winner Kim Dae-jung, pulled him close and urged him to keep fighting for peace with North Korea. Soon after, Kim, the first South Korean leader to visit Pyongyang, was dead. Moon found himself among a core of acolytes determined to ...

Bloomberg A smartphone in India cost more than $200 just two years ago. Now you can get a decent phone for nothing but a refundable deposit of $23. Data packages are cheap, and a startup company even throws in free voice calls for life. For this, consumers can thank Mukesh Ambani, a 61-year-old petrochemicals titan who is the country’s richest ...