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Cuba congratulates Venezuela on poll, prior to results being released

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Venezuela’s current government has won 20 out of 23 state governorships in what is the nation’s first election in four years whereby the main opposition parties took part

The turnout for the election was around 41 percent, which is one of the lowest rates recorded in 20 years.

The Cuban president also provided his congratulations to his Venezuelan counterpart before the results were verified.

In previous years, Venezuela’s opposition parties have boycotted federal elections and told voters to refrain from taking part arguing that it was an unfair contest.

The previous election was overshadowed by claims of vote-rigging by the current president’s party and saw over 50 countries refusing to recognise the result.

Many sceptics believe the current government has developed such a tight grip over electoral officials that a free and fair election in Venezuela is no longer possible.

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Falling in love with stocks with Nick Quinn

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On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.

Proudly presented by Honan.

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Bank battering sees mess start to clean up

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What will the future of the banking sector look like?

 
The once-mighty banking sector has taken a battering over the past month.

From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.

And another European Bank could be following suit.

But, what will the future of the industry start to look like, once the mess has been cleaned up?

Founder and CEO of Umee, Brent Xu, joined us to discuss.

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Disney to axe 7,000 jobs

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The Mouse House will deliver two rounds of layoffs

Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.

Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.

Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.

A second, larger round of job cuts will happen in April, with several thousand more staff reductions.

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