Turnbull Sworn in as Australian Prime Minister as Abbott Dumped

September 15, 2015 8:16 AM

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Turnbull Sworn in as Australian Prime Minister as Abbott Dumped

Malcolm Turnbull was sworn in as Australia’s sixth prime minister in eight years Tuesday after ousting Tony Abbott, pledging to revitalize an economy battered by the slowdown in China.

The 60-year-old former investment banker takes charge of a post-mining boom economy suffering its weakest run of growth since the 1991 recession. He beat Abbott, 57, in a late-night ballot of ruling Liberal Party lawmakers, concerned the government was heading for defeat in elections next year after...

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