In recent news, Peru's presidential election resulted in a tight race with Pedro Castillo declared as the winner over Keiko Fujimori. The election was marred with allegations of fraud and protests from Fujimori's supporters, sparking concerns over political stability in the country. Castillo, a left-wing former teacher and union leader, campaigned for greater government intervention in the economy and reducing the wealth gap in the country. However, his win has also caused uncertainty among investors and triggered a decline in the country's stock market. Castillo will take office on July 28th, and his presidency is anticipated to bring significant changes to the country's social and economic policies.