Politics

Gustavo Petro, a former leftist guerrilla, won Colombia’s election. Mr Petro, an ex-mayor of Bogotá, will become the country’s first left-wing president in August. He won 50.4% of the vote to 47.3% for Rodolfo Hernández, a populist property tycoon. Investors are nervous; Mr Petro has sought to reassure them by suggesting he would appoint a centrist finance minister. But he still plans to ban oil exploration, open-pit mining and fracking, and give all persistently unemployed people a government job. Colombia’s currency and stockmarket wobbled after the result was announced.