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Celebrations in Quito, Ecuador. Photo: Josep Vecino/Anadolu Agency via Getty

Defying expectations, voters in Ecuador's presidential election opted on Sunday for a conservative ex-banker, Guillermo Lasso, over a protege of leftist former President Rafael Correa.

Why it matters: The leftist contender, Andrés Arauz, conceded defeat in an election that was seen as a referendum on Correa, who remains highly influential despite having fled to Belgium to escape a corruption conviction.

  • Lasso will replace the deeply unpopular Lenín Moreno, who was Correa's chosen successor but broke from him after defeating Lasso in the 2017 election
  • What to watch: Lasso will inherit a polarized political system and a divided National Assembly, as well as an economic crisis exacerbated by the pandemic.

On Sunday in Peru, Pedro Castillo, a far-left candidate who was eighth in the presidential polls just a few weeks ago, finished first in the unofficial results with around 19% of the vote.

Driving the news: Best known as one of the leaders of a 2017 teachers strike, Castillo has promised to rewrite the constitution and give the state a bigger role in industries like mining.

  • The race for the second spot in the runoff is too close to call, but Keiko Fujimori, the deeply polarizing daughter of a former strongman president who was jailed for human rights abuses, is currently second with 13%.
  • Some commentators have described that potential matchup as "far-left vs. far-right."
  • There is widespread voter disillusionment in Peru, where politics were deeply dysfunctional even before the country faced one of the world's worst coronavirus outbreaks. Nearly every president since the 1980s has faced corruption charges.

Go deeper

Ina Fried, author of Login
2 hours ago - Technology

Intel CEO sees making own chips as a matter of national security

Pat Gelsinger. Photo: Axios on HBO

Intel CEO Pat Gelsinger is putting the pressure on the U.S. government to help subsidize chip manufacturing, insisting the current reliance on plants in Taiwan and Korea as "geopolitically unstable."

Why it matters: There is bipartisan support for funding the domestic semiconductor industry, but Congress has yet to sign the check. The Senate has passed the CHIPS Act that includes $52 billion in semiconductor investment, but it has yet to pass the House.

Updated 2 hours ago - World

17 U.S. and Canadian missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

Children are among a group of 17 missionaries kidnapped in Port-au-Prince, Haiti, per a statement from Christian Aid Ministries Sunday.

The latest: "The group of 16 U.S citizens and one Canadian citizen includes five men, seven women, and five children," the Ohio-based group said. Haitian police inspector Frantz Champagne on Sunday identified the 400 Mawozo gang as the group responsible, in a statement to AP.

Ina Fried, author of Login
4 hours ago - Technology

Intel CEO wants to compete against Apple

Intel CEO Pat Gelsinger hasn't given up on the idea of the Mac once again using Intel chips, but he acknowledges it will probably be years before he gets that chance.

  • In the meantime, he is focused on powering Windows machines that give Apple CEO Tim Cook a run for his money.

Why it matters: In getting pushed out of the Mac, Intel not only lost a customer but picked up a new rival.