The World in Brief from The Economist

Alphabet shares fell by 13%, wiping more than $500bn of its value. Also, Amazon reported revenue of $201.9 billion, below analysts’ expectations.

Alphabet is in the soup.

Alphabet is in the soup. Shares in the owner of Google fell by 15%, their worst day ever, after its third-quarter results disappointed investors; Christine Lagarde will step down as president of the European Central Bank in February, nine months before her term expires.

Christine Lagarde will step down as president of the European Central Bank in February. Also, Israel’s Jewish supremacist national security minister, Itamar Ben-Gvir, said that leaders of the country’s Arab-led political parties were “suspected of involvement with Qatari funds” and called for their arrest.

Alphabet’s quarterly earnings disappointed investors.

Alphabet’s quarterly earnings disappointed investors; With around 90% of the vote counted in Israel’s election, Binyamin Netanyahu’s right-wing and ultra-orthodox coalition is on track to win 53 of parliament’s 120 seats.

Exit polls in Israel’s parliamentary election suggested no clear winner, with Binyamin Netanyahu, the prime minister, looking unlikely to command a majority. Also, Flávio Bolsonaro and his family fled Brazil for Argentina and are en route to Ecuador, according to Argentina’s migration authority.

Exit polls in Israel’s election suggested no clear winner; Flávio Bolsonaro, who lost Brazil’s presidential election on Sunday, reportedly fled the country and is traveling to America via Argentina.