Turkey's President Recep Tayyip Erdogan won the presidential runoff election with a 4-percentage-point lead over opposition leader Kemal Kilicdaroglu. Erdogan's victory gives him another term in power and a majority in parliament, allowing him to pursue divisive policies and potentially worsen the economic crisis.

Spain's PM Pedro Sanchez called for an early national election after his left-wing PSOE party suffered significant losses in local elections. The right-wing People's Party made gains and may need support from the far-right Vox Party.

In the US, President Joe Biden and House Speaker Kevin McCarthy agreed to raise the debt ceiling, avoiding a default. The deal includes spending cuts but is expected to pass in Congress. The global debt crisis and economic inequality were discussed by David Malpass, the outgoing president of the World Bank Group.

Finally, notable events included the inauguration of Nigeria's president, North Korea's launch of a military spy satellite, a drone attack in Moscow, the conviction of El Salvador's exiled former president, and an incident in India where a government official ordered water to be drained from a reservoir to retrieve a smartphone.

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