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Conservative billionaire Piñera returns as Chile's president

Chile president
Photo by Sebastián Vivallo Oñate/Agencia Makro/Getty Images

Sebastián Piñera, a conservative billionaire who previously served from 2010 to 2014, began his second term as president of Chile on Sunday, succeeding center-left leader Michelle Bachelet.

What to watch: The pro-business Piñera will look to revitalize an economy struggling with slow growth and slumping copper prices, the country's chief export. He won convincingly in December, but lacks a congressional majority and could face some of the same political headwinds as the last time around.