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Sri Lanka's president-elect set to be sworn in
Sri Lanka's president-elect set to be sworn in
by  AFP

Sri Lanka's six-time prime minister Ranil Wickremesinghe was set to be sworn in as president Thursday, with officials saying he would set up an all-party unity cabinet to confront the country's economic crisis.

Last hours for Italy's Draghi after coalition implodes
Last hours for Italy's Draghi after coalition implodes
by  AFP

Italian Prime Minister Mario Draghi was expected to resign Thursday after efforts to bring the country's fractious parties to heel failed, kicking off a snap election campaign before the government had even fallen.

ECB faces dilemma as it prepares historic hike
ECB faces dilemma as it prepares historic hike
by  AFP

The European Central Bank is set to raise its interest rates for the first time in over a decade on Thursday as fears of a gas supply cut cloud the outlook for the eurozone economy. - Lost transmission - The last time the ECB raised rates in 2011, the emergence of a European debt crisis quickly forced the central bank to reverse course.

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