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Tunisia’s new cabinet keeps old security chiefs in place

  Bloomberg Tunisia’s prime minister-designate unveiled a new cabinet that keeps holdovers from the old government in key security posts while bringing in new faces to try to revive the economy. Youssef Al-Shahed’s appointments followed more than two weeks of consultations since parliament dismissed his predecessor, Habib Essid, over the country’s weak economic performance. Shahed retained seven key ministers from ...

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Oil gives pause to Kazakhstan’s wealth fund on asset sales

  Bloomberg The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a recovery in oil to take hold. Samruk-Kazyna, with assets worth over $64 billion, is in no hurry to kickstart the process, waiting until oil prices recover and Russia ...

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China’s diesel exports rise to record as flooding damps demand

  Beijing / Bloomberg China’s diesel exports rebounded to a record in July as severe flooding in some parts of the country curbed domestic fuel demand. The world’s largest energy consumer exported 1.53 million tons of diesel last month, a 39 percent jump from June and beating the previous record in May, according to data posted Sunday on the website ...

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