China's central government cuts public expenses; incoming Indian government faces reform challenge; Australian central banker warns against deep budget cuts; and other stories from Thailand and South Korea.
France broadens spending cuts to reduce budget deficit; Germany blocks military exports to Russia worth $7.2m; Italy PM Renzi cuts taxes for 10 million low earners; and other stories from Europe.
IMF: Ghana and Zambia most at risk as deficits in Africa widen; prolonged African deployment weighs on South Africa defence budget; Dubai says new Islamic bond opens door to long-term issues by state firms; and other stories from Ethiopia and Kenya.
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