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Mugabe era winds down as ruling party backs ouster

Zimbabwe military take over

Bloomberg Robert Mugabe’s 37-year grip on political power in Zimbabwe is all but over. The ruling party’s 10 provincial co-coordinating committees resolved to oust the 93-year-old president, a decision that’s set to be ratified by its central executive as early as this weekend. The nation’s parliament is due to reconvene on Tuesday and could impeach him should he refuse to ...

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Aussie government faces knife-edge vote in key by-election

Bloomberg Australian Prime Minister Malcolm Turnbull is at risk of losing his one-seat parliamentary majority with a new poll showing the ruling Liberal-National coalition running neck and neck with the opposition Labor Party in a by-election in the Bennelong district of Sydney to be held on December 16. The by-election came after incumbent Liberal MP John Alexander resigned because of ...

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Russia’s economy is growing on borrowed money

Bank rossii headquarters and trust bank branches as ruble gains 5th day following rising risk appetite on china, syria plan

The Russian economy is once again relying on consumers, who are borrowing more to buy real estate and imported products. The growth is real, but it’s also meager. And it will be hard to sustain without bigger changes. On November 13, Rosstat, Russia’s official statistics agency, announced that the country’s gross domestic product increased 1.8 percent year-over-year in the quarter ...

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