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Genel Energy chair Tony Hayward 'to step down next year'

Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan Regional Government (KRG), three sources close to the company said.

Today, Genel is struggling with a drop in oil prices, regional conflict and a large reserves downgrade.

Nikolic receives Angolan Armed Forces chief of general staff

BELGRADE - Serbian President Tomislav Nikolic on Friday received a delegation headed by the Angolan Armed Forces Chief of General Staff, General Geraldo Sachipengo Nunda.

Nikolic noted the bilateral cooperation between the two countries was exceptional and based on sincere friendship and understanding.

Moody's keeps Turkey's rating

The global rating agency Moody's has kept Turkey's credit rating unchanged, it was announced late on April 8.

Turkey's "Baa3" credit rating and negative outlook were kept in the report.        

Moody's release calendar for sovereigns designates three dates for the potential release of credit rating actions, first of which was on April 8.        

The best – and worst – places to live in all the world in 2015 (infographics + vid)

The 2015 Prosperity Index is out again, ranking 142 countries across 89 variables and eight sub-indexes: the economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital.

Bulgaria Drops Three Spots in Fraser Institute's Economic Freedom Ranking  

Bulgaria has descended three spots in Fraser Institute's annual Economic Freedom of the World report, ranking 42nd among 157 countries and territories - at par with the Czech Republic, Sweden and Jamaica.

This year's edition of the report is based on 2013 statistics, the most recent year for which data is available. In last year's issue of the report Bulgaria ranked 39th.

Russia Vetoes UN Resolution for Setting Tribunal on MH17 Disaster

Russia vetoed on Wednesday the United Nations (UN) resolution on establishing an international tribunal for prosecuting the people guilty of shooting down the Malaysia Airlines Flight 17 (MH17).

Eleven members of the UN Security Council (UNSC) voted in favour of the proposal, which would have been enough for the resolution to be adopted, but Russia used its right of veto.

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