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Reuters
Reuters
Business

Lebanon fails to elect president for third time amid financial meltdown

FILE PHOTO: Lebanon's President Michel Aoun addresses the nation from the presidential palace in Baabda, Lebanon October 13, 2022. Dalati Nohra/Handout via REUTERS/File Photo

Lebanon's parliament failed to elect a president for the third time on Thursday, bringing the country closer to institutional deadlock amid a deep financial crisis.

Outgoing President Michel Aoun's term ends on Oct. 31 and divisions remain among political blocs over the makeup of a new cabinet.

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