Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Peru's new interim President Francisco Sagasti speaks outside the National Congress in Lima on Nov. 16. Photo: Beto Baron/Getty Images

Peru's new interim President Francisco Sagasti said after being elected by lawmakers in Congress Monday that "today is not a day of celebration," per Al Jazeera.

Why it matters: Peru has had three different presidents in one week. The previous interim leader, Manuel Merino, resigned Sunday following deadly weekend clashes between police and demonstrators protesting the ouster of former President Martín Vizcarra, who was impeached last week.

The big picture: Peru had one of Latin America's strongest economies before the coronavirus pandemic. It's expected to face its worst economic downturn in over a century.

Of note: Sagasti's centrist Morado Party voted against Vizcarra's impeachment.

What he's saying: "We cannot go back," said the former World Bank official Sagasti. "But we can take action from Congress, from the executive, so that this does not happen again.”

Go deeper

Updated Nov 15, 2020 - World

Peru's interim president resigns after deadly clashes between police and protesters

A supporter of ousted President Martín Vizcarra holds a Peruvian flag as police deploy tear gas during a protest against the government of interim President Manuel Merino in Lima, Peru, on Saturday. Photo: Ernesto Benavides/AFP via Getty Images

Peru's interim President Manuel Merino announced his resignation on Sunday after holding the title for six days, following weekend clashes between police and demonstrators that left at least two people dead.

Why it matters: Peru, which had one of Latin America's strongest economies before the coronavirus pandemic, is expected to face its worst economic downturn in over a century amid the political crisis — which is the worst in two decades, per the Wall Street Journal.

3 mins ago - World

Israeli parliament opts for early elections in preliminary vote

Netanyahu (C) arrives in parliament today. Photo: Alex Kolomiensky/Pool/AFP via Getty

After six months of a dysfunctional power-sharing government, Israel is headed for its fourth elections in less than two years, most likely at the end of March.

Driving the news: The Knesset voted 61-54 today to approve the preliminary reading of a bill to dissolve the parliament and call new elections. Benny Gantz's Blue and White party supported the bill while Prime Minister Benjamin Netanyahu's Likud and the rest of the coalition voted against.

1 hour ago - Sports

The end of COVID’s grip on sports may be in sight

Illustration: Aïda Amer/Axios

Packed stadiums and a more normal fan experience could return by late 2021, NIAID director Anthony Fauci said yesterday.

Why it matters: If Fauci's prediction comes true, it could save countless programs from going extinct next year.