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Sri Lanka votes in presidential election

Cash-strapped Sri Lanka voted for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation’s unprecedented financial crisis...

Turkey unveils 3-year austerity plan to slow high inflation

Turkey announced Monday a three-year austerity plan aimed at reducing public spending to calm inflation that reached heights of nearly 70 pe rcent year-on-year in April.