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Sri Lankans elect Marxist-leaning Dissanayake as president to fix economy

About 75% of the 17 million eligible voters cast their ballots, according to the election commission.

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Sri Lankans elected Marxist-leaning Anura Kumara Dissanayake as new president on Sunday, putting faith in his pledge to fight corruption and bolster a fragile economic recovery following the South Asian nation’s worst financial crisis in decades, Reuters reported.

Dissanayake, 55, who does not possess political lineage like some of his rivals in the presidential election, led from start to finish during the counting of votes, knocking out incumbent President Ranil Wickremesinghe and opposition leader Sajith Premadasa.

“We believe that we can turn this country around, we can build a stable government… and move forward. For me this is not a position, it is a responsibility,” Dissanayake told reporters after his victory which was confirmed after a second tally of votes.

The election was a referendum on Wickremesinghe, who led the heavily indebted nation’s fragile economic recovery from an economic meltdown but the austerity measures that were key to this recovery angered voters. He finished third with 17% of the votes, read the report.

“Mr. President, here I handover to you with much love, the dear child called Sri Lanka, whom we both love very dearly,” Wickremesinghe, 75, said in a statement conceding defeat.

Dissanayake polled 5.6 million or 42.3% of the votes, a massive boost to the 3% he managed in the last presidential election in 2019. Premadasa was second at 32.8%.

It was the first time in the Indian Ocean island’s history that the presidential race was decided by a second tally of votes after the top two candidates failed to win the mandatory 50% of votes to be declared winner.

Under the electoral system, voters cast three preferential votes for their chosen candidates. If no candidate wins 50% in the first count, a second tally determines the winner between the top two candidates, using the preferential votes cast, Reuters reported.

About 75% of the 17 million eligible voters cast their ballots, according to the election commission.

This was the country’s first election since its economy buckled in 2022 under a severe foreign exchange shortage, leaving it unable to pay for imports of essentials including fuel, medicine and cooking gas. Protests forced then-President Gotabaya Rajapaksa to flee and later resign.

Dissanayake presented himself as the candidate of change for those reeling under austerity measures linked to a $2.9 billion International Monetary Fund bailout, promising to dissolve parliament within 45 days of taking office for a fresh mandate for his policies in general elections.

“The election result clearly shows the uprising that we witnessed in 2022 is not over,” said Pradeep Peiris, a political scientist at the University of Colombo.

“People have voted in line with those aspirations to have different political practices and political institutions. AKD (as Dissanayake is popularly known) reflects these aspirations and people have rallied around him.”

Dissanayake has worried investors with a manifesto pledging to slash taxes, which could impact IMF fiscal targets, and a $25 billion debt rework. But during campaigning, he took a more conciliatory approach, saying all changes would be undertaken in consultation with the IMF and that he was committed to ensuring repayment of debt, read the report.

Buttressed by the IMF deal, Sri Lanka’s economy has managed a tentative recovery. It is expected to grow this year for the first time in three years and inflation has moderated to 0.5% from a crisis peak of 70%.

But the continued high cost of living was a critical issue for many voters as millions remain mired in poverty and many pinned hopes of a better future on the next leader.

Dissanayake ran as a candidate for the National People’s Power alliance, which includes his Marxist-leaning Janatha Vimukthi Peremuna party.

Although JVP has just three seats in parliament, Dissanayake’s promises of tough anti-corruption measures and more policies to support the poor boosted his popularity.

He will have to ensure Sri Lanka sticks with the IMF programme until 2027 to get its economy on a stable growth path, reassure markets, repay debt, attract investors and help a quarter of its people out of poverty.

“Root cause for the downfall of this country is bad management. We have a strong feeling if we have a good manager to rule this country… we can be successful in future,” said Janak Dias, 55, a real estate businessmen.

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Gaza mosques announce death of Hamas military leader after Israeli targeting claim

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Mosques in northern Gaza ​on Saturday announced ‌that Hamas’ military wing commander had died, ​a day ​after Israel’s military said ⁠that it had ​targeted the armed ​wing chief in airstrikes.

Witnesses said that mosques in ​Gaza City ​had announced Izz al-Din al-Haddad’s “martyrdom”. ‌There ⁠was no immediate comment from Hamas on the fate ​of ​the ⁠group’s military chief, Reuters reported.

Israel has ​not said ​if ⁠he was killed in the air ⁠strikes.

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Iran has ‘no trust’ in US, will negotiate only if it is serious, Araqchi says

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Tehran has “no trust” ‌in the U.S. and is interested in negotiating with Washington only if it is serious, Iranian Foreign Minister Abbas Araqchi said on Friday, as talks on ending the war remained on hold.

Araqchi told reporters in New Delhi that all vessels can pass through the Strait of ​Hormuz except those “at war” with Tehran, if they coordinate with Iran’s navy.

But the situation around the waterway, ​vital to global energy and commodities markets, was “very complicated”, he added, during a visit to ⁠attend a BRICS foreign ministers’ meeting in India.

In a post on X, Araqchi said he told India’s Foreign Minister Subrahmanyam ​Jaishankar that “Iran will always carry out historical duty as protector of security in Hormuz,” according to his post on X.

Iran ​effectively shut the strait, which normally handles about one-fifth of the world’s seaborne oil and gas supply, to most shipping after the U.S. and Israel began their war on Iran in February.

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Trump says he is losing patience with Iran after talks with China’s Xi

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U.S. President Donald Trump said his patience with Iran was running out after he discussed the costly and unpopular war with Chinese President Xi Jinping on Thursday and a ship was reported seized by Iranian personnel off the United ​Arab Emirates.

The White House said Trump and Xi had agreed during talks in Beijing on the need to keep the Strait of Hormuz shipping lane open. Iran effectively shut the waterway in response to U.S.-Israeli attacks which ‌began on February 28, causing an unprecedented disruption to global energy supplies. China is close to Iran and the main buyer of its oil, Reuters reported.

The U.S. paused its attacks on Iran last month but began a blockade of the country’s ports. Talks aimed at ending the conflict have stalled with Iran refusing to end its nuclear program or relinquish its stockpile of enriched uranium.

“I am not going to be much more patient,” Trump said in an interview aired on Thursday night on Fox News’ “Hannity” program. “They should make a deal.”

On the key issue of Iran’s hidden stockpile of enriched uranium, Trump suggested it only ​needed to be secured by the U.S. for public relations purposes.

“I don’t think it’s necessary except from a public relations standpoint,” Trump said in the interview.

“I just feel better if I got it, actually. But it’s, I think, it’s ​more for public relations than it is for anything else.”

In the latest incidents on the trade route, an Indian cargo vessel carrying livestock from Africa to the UAE was sunk on Wednesday ⁠in waters off the coast of Oman.

India condemned the attack and said all 14 crew members had been rescued by the Omani coast guard. Vanguard, a British maritime security advisory firm, said the vessel was believed to have been hit by a missile or ​drone which caused an explosion.

Separately, British maritime security agency UKMTO reported on Thursday that “unauthorised personnel” had boarded a ship anchored off the coast of the UAE port of Fujairah, and were steering it towards Iran.

Vanguard said a company security officer had reported that “the vessel was taken ​by Iranian personnel while at anchor.”

After talks between Trump and Xi on Thursday, the White House said the leaders had agreed that the strait should be open and that Xi made clear China’s opposition to the militarisation of the strait and any effort to charge a toll for its use.

Trump said Xi also promised not to send Iran military equipment. “He said he’s not going to give military equipment, that’s a big statement,” Trump said on “Hannity”.

Xi also expressed interest in purchasing more American oil to reduce China’s future dependence on the strait and the leaders agreed that Iran should never obtain nuclear weapons, ​the White House readout said. Tehran has denied seeking such weapons.

DIPLOMACY ON HOLD

Trump is keen to elicit Chinese support to end a war that has become an electoral liability as it drags on towards key U.S. midterm elections in November. But analysts doubt Xi will ​be willing to push Iran hard or end support for its military, given its value as a strategic counterweight to the U.S.

In an interview with CNBC from Beijing, U.S. Treasury Secretary Scott Bessent said he believed China would “do what they can” to help open the strait, something “very much ‌in their interest.” ⁠Before the war, about a fifth of global oil and liquefied natural gas supplies passed through the waterway.

But diplomacy has been on hold since last week when Iran and the U.S. each rejected the other’s most recent proposals.

Fujairah is the UAE’s sole oil port, on the Gulf of Oman just outside the Strait of Hormuz, and enables some shipments to reach markets without passing through the chokepoint.

Iran appears to be making more deals with countries to allow some ships to pass through the strait – if they accept Tehran’s terms.

A Japanese tanker crossed on Wednesday after Japan’s prime minister announced that she had requested help from the Iranian president. A huge Chinese tanker also crossed on Wednesday, and Iran’s Fars news agency reported on Thursday that an agreement had been reached to let some Chinese ships pass.

Iran’s Revolutionary ​Guards said 30 vessels had passed through the strait since Wednesday ​evening, still far short of the 140 on a ⁠typical day before the war, but a substantial increase if confirmed.

According to shipping analytics firm Kpler, some 10 ships had sailed through the strait in the past 24 hours, against five to seven that have crossed daily in recent weeks.

IRAN’S THREAT ‘SIGNIFICANTLY DEGRADED’

Thousands of Iranians were killed in the U.S. and Israeli airstrikes in the first weeks of the war, and thousands more have been killed in Lebanon ​since the war reignited fighting between Israel and the Iran-backed group Hezbollah.

Talks between Lebanese and Israeli officials on Thursday in Washington were productive and positive, according to a senior State Department ​official, who said they were set ⁠to continue on Friday.

Trump said his aims in starting the war were to destroy Iran’s nuclear program, end its ability to attack neighbours and make it easier for Iranians to overthrow their government.

A senior U.S. admiral told a U.S. Senate committee on Thursday Iran’s ability to threaten its neighbours and U.S. regional interests had been “significantly degraded”.

“They no longer threaten regional partners, or the United States, in ways that they were able to do before, across every domain,” Admiral Brad Cooper said.

But Cooper declined to directly address reports by Reuters and other news organisations that Iran ⁠had retained significant missile ​and drone capabilities.

Iran’s rulers, who used force to put down anti-government protests at the start of the year, have faced no organised opposition since the war ​began. And their closure of the strait has given them additional leverage in negotiations.

Washington wants Tehran to hand over the uranium and forgo further enrichment. Iran is seeking the lifting of sanctions, reparations for war damage and acknowledgment of its control over the strait.

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