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Raul Castro (L) talks with Miguel Diaz-Canel during the First Annual Session of the Cuban Parliament at the Convention Palace in Havana. (Photo: AFP )

End of era in Cuba as Castro hands torch to Diaz-Canel

Cuba is poised for the end of an era today as President Raul Castro steps down, formally handing power to his long-time deputy Miguel Diaz-Canel – and thereby ending his family’s six-decade grip on the island.

Vitor Gaspar of IMF

Global debt has reached record high: IMF

With public debt currently at historic highs in advanced and emerging market economies, the IMF has advised countries to avoid policies that increase economic fluctuations.