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Mario Abdo Benítez sworn in as Paraguay's new president

Mario Abdo Benítez sworn in as Paraguay's new president

World
Aug. 15 (UPI) -- Former Senator Mario Abdo Benítez was sworn in as president of Paraguay on Wednesday after narrowly winning the presidential election in April. The 46-year-old Abdo Benítez -- the son of ex-military dictator Alfredo Stroessner's right-hand man, Mario Benítez -- pledged to fight poverty and corruption in the country and improve judicial transparency. "We are going to build an independent and courageous justice so that impunity ends," he said. Abdo Benítez defeated his opponent, liberal candidate Efraín Alegre, by a margin of less than 3 percentage points to keep control of the country in the hands of the conservative Colorado Party. His predecessor, Horacio Cartes, and several Colorado Party senators chose not to attend the ceremony. The...
ECB's Mario Draghi says global recovery is firming up, euro climbs

ECB's Mario Draghi says global recovery is firming up, euro climbs

Finance
European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business leaders, warned about demographic challenges to growth.The euro spiked 1 percent to a high of $ 1.1940, its highest against the U.S. dollar since January 2015 after Draghi's initial remarks."The global recovery is firming up," Draghi said, according to prepared remarks on the European Central Bank website. He noted that in Europe and Japan, "the consolidation of the recovery is at an earlier stage" versus that of the U.S.Draghi also said significant monetary accommodation is still needed and that inflation is not yet converging to the central bank's target. The euro edged off session highs to trade near $ 1.192 after those comments."It would sug...
Former Liverpool striker Mario Balotelli signs new deal with Nice

Former Liverpool striker Mario Balotelli signs new deal with Nice

Sports
The Italian scored 15 league goals in France last seasonSunday, June 25, 2017Mario Balotelli has signed a new one-year contract with Nice.The former Manchester City striker, who joined the French club on a free transfer from Liverpool in August, scored 15 Ligue 1 goals in 2016-17 as Lucien Favre's side finished third - earning them a place in qualifying for next season's Champions League.Nice tweeted on Sunday evening: "@ogcnice_eng are delighted to confirm that Mario #Balotelli has signed a new contract with the club."The club credited the 26-year-old for not prioritising the financial aspect of the deal, adding: "We are proud to have convinced the superstar to join us last year and to have seen him flourish on and off the field."The Italian international has made considerable financial e...