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France to launch buy-out of power giant EDF
France to launch buy-out of power giant EDF
by  AFP

The French government on Tuesday outlined its plans to take full control of EDF, the highly indebted power utility that is to spearhead efforts to relaunch the country's nuclear industry. - 'Peace of mind' - Earlier this year, Macron called for a "renaissance" of the country's nuclear industry, saying he wanted up to 14 new reactors to power the country's transition away from fossil fuels.

Ghana IMF loan outcry pressures government over economy
Ghana IMF loan outcry pressures government over economy
by  AFP

Ghanaian trader Mohammed Biney was already struggling when the government passed a new tax on electronic money transactions this year to try to revive the economy. "You can’t impose taxes on us under the guise of saving the economy and then overnight come and tell us you’re going to the IMF," trader Biney told AFP. "I think they ran out of ideas."

Indian rupee breaches 80 per dollar, hits new record low
Indian rupee breaches 80 per dollar, hits new record low
by  AFP

The Indian rupee fell to more than 80 per US dollar for the first time on record Tuesday, as the greenback extended its rally and foreign capital outflows intensified. The rupee 80.0600 against the greenback soon after trading started, Bloomberg data showed.

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