Argentina's president, Javier Milei's party, has won a decisive victory in Sunday's mid-term elections. The vote is seen as a support for his economic reforms and drastic austerity measures. In recent weeks, U.S. President Donald Trump had pledged a 40-billion-dollar bailout to bolster Argentina's failing economy and had endorsed Milei publicly.

Buenos Aires

Argentine markets responded positively after Javier Milei's Libertad Avanza party achieved a notable victory, gaining 41% of the vote and strengthening its position in both Congress and the Senate. The Argentine peso appreciated against the US dollar, and local stocks rose by 20% in early trading, surprising many analysts and pollsters.

The win followed a period of political and economic instability, including recent local election defeats and corruption scandals. International factors, such as financial backing from the US and the prospect of a $40 billion bailout contingent on Milei's victory, played a role. Despite the market optimism, voter turnout was the lowest in generations, reflecting widespread disillusionment with the political establishment. The situation in Argentina is being closely monitored by global financial institutions and populist movements, while domestic protests continue among pensioners and public sector workers.

Argentine markets jump after Milei party victory

The results surprised even Javier Mele's most enthusiastic supporters, 41% of the vote, strengthening his Libertad Avanza party in both the Congress and Senate. In the early hours of trading on the morning after, the markets responded. The Argentinian peso rose against the US dollar, and stocks leapt 20%. The pollsters didn't predict it, neither did most political analysts. So what changed? The financial support of Mr. Trump to Mr. Mele was very important for Mele, because one month ago, two weeks ago, Argentina was in a very big crisis. He's talking about a heavy defeat in local elections in the populous Buenos Aires province, and several high-profile corruption scandals. But that defeat was reversed, many ignored the scandals, and that special relationship a key factor. Because that was a big win in Argentina, I want to congratulate the victor, and he was a big victor, and he had a lot of help from us. The US is offering Argentina a $40 billion bailout, but only if Mele won. For stability, because inflation has come down after so many years, which keeps people poor, and wages have not kept pace with their needs. But now we will move forward. A 68% turnout was the lowest for generations, which many analysts interpret as a loss of faith in the politicians, both those in government and in opposition. Argentina is a test case, with Javier Mele's radical chainsaw policies being supported and watched closely by the United States and the International Monetary Fund, as well as populist anti-state allies around the world. Meanwhile, the opposition is reeling, and pensioners and those in the beleaguered education and health sectors continue to protest, seeing no hope of improvement. It's hard to expect any significant increases in the productivity of the economy. It hasn't happened over the last two years, and I don't see reasons for expecting that in the next two years. Two years for Javier Mele, with his powerful backers, to fully implement his economic policies. Daniel Schweiner, Al Jazeera, Buenos Aires.

President Trump met with new Japanese Prime Minister Sanae Takaichi on Tuesday and signed a trade agreement that the countries made over the summer. CBS News' Ramy Inocencio has the latest.

Tokyo

Trump touts trade deals with Japan, heaps praise on new prime minister

U.S. President Donald Trump met Japan's new prime minister, Sanae Takaichi, in Tokyo on Tuesday (October 28) for talks on trade and security, praising her elevation as the country's first female leader and her pledge to accelerate a military buildup.

U.S., Japan sign rare earths supply framework

Venezuela is accusing the U.S. of preparing a false flag attack as the U.S. continues to escalate its military presence in the Caribbean after carrying out multiple deadly strikes on boats the Trump administration said were carrying drugs.

Caracas

Venezuela accuses U.S. of preparing false flag attack

U.S. President Donald Trump declined to meet with Canada's Prime Minister Mark Carney as trade tensions linger, while China and the United States moved toward easing tariffs.

Kuala Lumpur

Global Tariffs

China urges free trade amid U.S. tariff talks at ASEAN summit

Ten people are on trial in Paris for spreading false rumors about French first lady Brigitte Macron’s gender and personal life. The case, involving influencers and online figures, comes as the Macrons also pursue legal action in the U.S. over similar attacks spread by far-right media.

Paris

Brigitte Macron harassment trial opens in Paris

Millions of Americans are set to lose Supplemental Nutrition Assistance Program (SNAP) benefits and federal food aid starting Nov. 1 as the government shutdown continues, according to a post on the U.S. Department of Agriculture's website.

Washington

Millions of Americans set to lose SNAP benefits starting Nov. 1

The USS Gravely docked in Trinidad and Tobago as the Trump administration signals possible land strikes against Venezuela. CBS News national security correspondent Charlie D'Agata has more details.

Trump admin alludes to Venezuelan land strikes

U.S. President Donald Trump stopped in Japan on his Asia trip, meeting with the country's emperor. Also planned during the trip is a meeting with China's Xi Jinping. Trump said he thinks "we're going to have a good deal with China" after months of trade tensions.

Trump lands in Japan with U.S.-China deal in sight

Two suspects were arrested over the weekend in connection to the Louvre museum heist in Paris, a week after the brazen daylight robbery at the world's most-visited museum.

Arrests made in heist at Paris' Louvre museum

Hurricane Melissa was upgraded to a Category 5 storm and is expected to make landfall in Jamaica Monday night or early Tuesday. CBS News correspondent Jason Allen has more from Kingston, while CBS News New York meteorologist Tony Sadiku has the latest forecast.

Kingston

Jamaica braces for landfall as Hurricane Melissa becomes Category 5

U.S. President Donald Trump arrived in Japan Monday, disembarking from Air Force One after flying from Malaysia. Trump will meet new Japanese Prime Minister Sanae Takaichi amid the prospect of completing a joint deal to promote shipbuilding capacity.

Trump arrives in Japan, due to meet emperor and new prime minister

Venezuela on Sunday (October 26) condemned what it said was a military provocation by neighboring Trinidad and Tobago in coordination with the U.S. Central Intelligence Agency, aimed at spurring a full military confrontation with the Latin American nation.

Venezuela condemns 'provocation' by CIA and Trinidad and Tobago

The party of Argentinian President Javier Milei has won midterm elections clinching a crucial vote of confidence in his free-market reforms and deep austerity measures. Early results show Milei's Libertarian Party secured more than 40 percent of votes.

Argentina's midterms deliver huge win for Milei's libertarian agenda

Argentines are voting in legislative elections that will test support for President Javier Milei's free-market reforms and deep austerity measures and determine whether he has the backing to continue his economic overhaul

Argentines vote in high-stakes test of Milei's vision

Beijing decided to implement tighter restrictions on rare earths exports that are needed for advanced technologies. In response, Trump threatened additional tariffs on Chinese imports.

U.S.-China trade deal closing in ahead of meeting between Trump and Xi

U.S President Donald Trump has presided over the signing of a peace accord between Thailand and Cambodia. Trump helped broker a ceasefire between the two after a deadly dispute on the border in July.

Trump signs Thailand-Cambodia ceasefire pact

French authorities have made arrests in connection with the recent theft of jewellery from the Louvre Museum in Paris, however it's uncertain whether any jewels have been recovered. One of the men taken into custody was preparing to leave the country at a Paris Airport.

Arrests made in Louvre jewellery heist by French police: Paris prosecutor

Russian President Vladimir Putin, dressed in military fatigues, met army chief Valery Gerasimov for an update on Ukraine’s front lines. Putin also praised the successful test of the Burevestnik nuclear-powered missile, which reportedly flew 14,000 kilometres in 15 hours.

Moscow

Ukraine Invasion

Putin hails long-range nuclear missile as Russia pushes deeper into Ukraine

Hurricane Melissa rapidly intensified from a Tropical Storm to a Category 4 hurricane in 24 hours and is still undergoing rapid intensification. It is expected to be a Category 5 storm by Monday. Melissa is forecast to bring life-threatening, catastrophic rainfall and storm surge to Jamaica, as well as Haiti and Cuba.

Category 4 Hurricane Melissa to bring catastrophic impacts

Left-wing independent Catherine Connolly, who secured the backing of Ireland's left-leaning parties including Sinn Féin, has won the country's presidential election in a landslide victory against her centre-right rival.

Dublin

Left-winger Catherine Connolly wins Irish presidency

It took the French police almost a week to make their first arrests in connection with the investigation into the theft of the jewels of the French sovereigns from the Apollo Gallery.

Louvre robbery: two suspects arrested, Paris prosecutor says

Moscow says it successfully tested a Burevestnik nuclear missile this week, with Russian president Vladimir Putin saying it is "unlike any other in the world."

Testing of 'unique' new Russian weapon successful, says Putin

On the sidelines of the ASEAN summit in Malaysia, U.S. President Donald Trump oversaw the signing of a ceasefire deal between Cambodia and Thailand. Trump is on a multi-stop tour of Asia, meeting allies in an attempt to resolve a trade war with China.

Trump's ASEAN visit yields Thai-Cambodian truce, trade deals

Kingston's waterfront in Jamaica was empty on Saturday, with the first bands of rain from Hurricane Melissa hitting the island. But in some parts of the city, they are still racing to prepare for the storm. Jason Allen reports.

Jamaica braces for Hurricane Melissa

U.S President Donald Trump says he plans to hike tariffs on imports of Canadian goods by an extra 10 per cent because of an anti-tariff television ad aired by the province of Ontario.

Ontario

Trump announces new punishing tariffs on Canada

French media reports that the Louvre has moved some of its most precious jewels out of the museum for safekeeping. The jewels were moved from the Apollo Gallery, the scene of Sunday's heist, according to French radio.

Louvre moves most precious jewels out of museum for safekeeping

The United States is stepping up its military presence in the Caribbean by ordering its most advanced aircraft carrier into the region. Venezuela's President Nicolas Maduro accused the U.S. of using drug trafficking claims to "fabricate a war" in Latin America.

Venezuela's Maduro accuses U.S. of 'fabricating war'

Deploying an aircraft carrier is a major escalation of military power in a region that has already seen an unusually large U.S. military buildup in the Caribbean Sea and the waters off Venezuela.

U.S. sending aircraft carrier to South America in major escalation

Ontario Premier Doug Ford stands by his decision to run an anti-tariff ad campaign in the U.S. after President Donald Trump halted trade talks with Canada because of it. The ad will be paused next week and Prime Minister Mark Carney says he is ready to resume talks when the U.S. is interested.

Breakdown