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Honduran President-elect Xiomara Castro, of the Libertad y Refundacion (Libre) Party, in Tegucigalpa, Honduras, on Sunday. Photo: Inti Ocon/Getty Images

Former Honduras first lady Xiomara Castro is set to become the country's first female president, after the ruling party conceded defeat in the country's elections on Tuesday night, per AP.

Why it matters: The democratic socialist and her Libre Party have broken a 12-year run for the conservative National Party, which U.S. prosecutors alleged fostered a "narco-state," note Axios Latino's Marina E. Franco and Russell Contreras.

Details: The National Party's Tegucigalpa Mayor Nasry Asfura said in a statement that he had congratulated Castro "personally," with about half the votes counted, AP reports.

  • Castro had a 53% share of the votes and Asfura 34%, with 52% of the ballots counted, according to the National Electoral Council, which has 30 days to declare a winner from the day of the election.

What they're saying: U.S. Secretary of State Antony Blinken congratulated Castro soon after Asfura conceded the election.

  • "The United States congratulates the people of Honduras on their election and Xiomara Castro on her historic victory as Honduras’ first female president," Blinken said in a statement. "We look forward to working with the next government of Honduras."

The big picture: Castro will succeed President Juan Orlando Hernández, who's been embroiled in accusations of electoral fraud since the 2017 vote and could face the U.S. justice system after he leaves office in January, Franco and Contreras write.

  • Honduras has essentially been in turmoil practically since 2009, when her husband, then-president Manuel Zelaya, was ousted in a coup over a disagreement with Congress.
  • The country is in the grip of growing unemployment and a shrinking economy amid rising violence and entrenched crime, with officials accused of rampant corruption and of close ties to drug traffickers, per Franco and Contreras.

Go deeper

Nov 30, 2021 - World

Sweden elects first female prime minister for second time

Magdalena Andersson after being elected chair of the Social Democratic Party in Gothenburg, Sweden, on Nov. 4. Photo: Bjorn Larsson Rosvall/TT News Agency/AFP via Getty Images

Magdalena Andersson, who was last week appointed to serve as Sweden's first female prime minister but resigned hours later, was again elected Monday to lead the Nordic nation.

The big picture: The Social Democratic Party leader is set to lead a one-party government until a September 2022 election after lawmakers elected her to the role in a close parliamentary vote, per AFP. She resigned last week after the Green Party withdrew its support from the two-party coalition government.

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

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