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Angola's leader faces uphill battle after narrow win
Angola's leader faces uphill battle after narrow win
Business and Economy
by  AFP

President Joao Lourenco faces Herculean tasks of fixing Angola's economy and winning over its disillusioned youth as he enters his second term with decimated support, analysts say. The leader of the winning party automatically ascends to the presidency, which means Lourenco has earned a second spell at the helm.

IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka
IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka
World
by  AFP

Bankrupt Sri Lanka will receive a conditional $2.9 billion bailout to repair its battered finances, the International Monetary Fund said Thursday, following a bruising economic crisis that saw the island nation's president chased from the country. The IMF's announcement of a $2.9 billion package, spread over four years, is short of the $3-4 billion sought by Sri Lanka.

Kazakh leader says plans to call snap presidential vote this autumn
Kazakh leader says plans to call snap presidential vote this autumn
World
by  AFP

Kazakhstan's President Kassym-Jomart Tokayev said Thursday he plans to call a snap presidential election this autumn and will reduce the presidency to one seven-year term. The term of the presidency would meanwhile be limited to one term of seven years, he said, from the current two five-year terms.