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Asuncion: Paraguayan President Santiago Peña resigned following the collapse of a prominent digital lender to which he had former business links, putting him under intense pressure as nearly half the population was left without access to their bank accounts.
He was resigning “with the stability of our country, social peace, and the need to preserve our democratic institutions in mind”, Peña said in a recorded video address on Thursday.
The fallout from the collapse of the bank, called ueno, has already led to the resignation of Paraguay’s central bank chief and the detention of eight ueno executives.
The crisis has undermined Paraguay’s hard-won reputation as a stable destination for foreign investment, especially from neighbouring Brazil. Paraguay’s sovereign international bond prices tumbled following news of the resignation.
Washington: There are just four races for US Senate and governor that The Associated Press has not yet called as of Friday morning (AEDT).
Contests in Alaska, Kansas and Mississippi have narrow margins with votes still outstanding even as the scale of Democrats’ midterm victory across the country comes into focus, ensuring the party will control the House and the Senate next year.
In the House, 35 races in which party control of the seat is at stake have yet to be called.
The AP does not make projections and will declare a winner only when it’s determined there is no scenario that would allow the trailing candidate to close the gap.
Good afternoon and welcome to our live rolling coverage of the latest news from around Australia and the world. It’s Friday, November 6.
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