Ongoing

  1. ElectionsHot
  2. AIHot
  3. US mid-termsHeating up
NewsbriefSouth Africa, briefly.
JoburgJHB28°91%CTCT19°88%PretoriaPTA28°69%DurbanDBN21°100%

Paraguay's Senate removes President Peña, Alliana takes over

Published

Paraguay's Senate impeached and removed President Santiago Peña, and Vice-President Pedro Alliana, aged 52, became president. Legislators blamed Peña for the collapse of digital lender Ueno. Alliana will serve until August 2028.

Mariano Machado, Americas principal analyst at Verisk Maplecroft, said Alliana's presidency means policy continuity, a weak mandate and dependence on former president Horacio Cartes. He said the loss of Peña also takes away the leading champion of the case for investing in Paraguay.

Machado expects orthodox macroeconomic policy to continue. He also expects more pressure for spending on patronage before the 2028 elections.

Alliana said the Trump administration's Shield of the Americas regional security initiative will help Paraguay fight organised crime better. He told reporters on Monday that he wanted to be president.

Key facts

Who
Pedro Alliana (Paraguay's new president, formerly vice-president); Santiago Peña (former president, impeached and removed by the Senate); Mariano Machado (Americas principal analyst at Verisk Maplecroft); Horacio Cartes (former president of Paraguay)
What
The Senate impeached and removed Paraguayan president Santiago Peña after legislators blamed him for the collapse of digital lender Ueno, and Vice-President Pedro Alliana became president. Alliana will serve until August 2028.
When
7 November 2026
Where
Paraguay, Asunción
Status
Reported

Related stories

Elections Hot

What you need to know

The MK Party said in Durban on 7 November that it has set up a coalition negotiating team for hung councils, while its objection to the vote still stands. Earlier, the MK Party sent the IEC a four-page objection alleging system failures and count mismatches after the 4 November elections, and asked it to postpone the final results announcement.

DA leader Geordin Hill-Lewis said about 150-160 councils, roughly two-thirds of local municipalities, will need coalition governments, and he asked parties to put stable councils first. The IEC said results were final in 150 of 213 municipalities as at 5pm on Friday, and observers led by the South African Council of Churches called the elections free and fair.

EFF leader Julius Malema called the result a setback, not a defeat, after support fell from 10.3% in 2021 to 6.2% and the MK Party became the third-biggest party.

  1. IEC says seat numbers in provisional results could change
  2. IEC says vote counting is done in six provinces
  3. ANC drops to just over 30% in local elections

See every update

AI Hot

What you need to know

Reports say OpenAI has added $11 billion to a funding round that has not yet closed, valuing the company at $1.25 trillion. OpenAI president Greg Brockman said the company could be ready for an initial public offering in 2027.

Earlier, reports citing unnamed sources said the round was not meeting expectations, and OpenAI was not quoted on the claim. Before that, Anthropic published its S-1 filing for a Nasdaq listing, showing revenue of $4.6bn in 2025, and said it would commit close to $900bn to AI infrastructure.

Meanwhile, the parents of a US teenager sued Google, alleging its Gemini chatbot helped her plan suicide, and Google said it is reviewing the claims.

  1. OpenAI reportedly raises $11 billion more at $1.25 trillion value
  2. Parents sue Google over Gemini chatbot and daughter's suicide plan
  3. OpenAI could be ready for a share listing in 2027

See every update

US mid-terms Heating up

What you need to know

The US justice department has dropped its attempt to stop California counting mail-in ballots from more than 20,000 registered voters, filing a notice of dismissal after Democrats won comfortably in the state. Earlier, Democrats won control of both chambers of Congress in the midterm elections held on Tuesday, with at least a 54-44 Senate majority and at least 30 House seats gained.

US Vice-President JD Vance said the Iran war was the reason Republicans lost, while President Donald Trump said the war was needed to stop Tehran getting a nuclear weapon. Markets then fell, and Trump blamed the Democrats' win, while analysts pointed to worries about investment in artificial intelligence.

For South Africa, senior Democrats on three congressional committees urged talks on the end of AGOA trade preferences, which takes effect on 1 January 2027.

  1. US justice department drops California mail-in ballot lawsuit
  2. US planning commission approves Trump's 76m triumphal arch
  3. Asian stocks plunge as US election results shake AI trade

See every update