Former foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday.
It comes following Kwasi Kwarteng's resignation from the post after less than six weeks in the job.
Hunt has twice been unsuccessful in running for the governing Conservative Party's leadership, once losing to Boris Johnson and then being knocked out in the first round of voting in a contest which saw Truss take the prize.
Seen as on the centre-right of the party, Hunt endorsed Truss's leadership rival, former finance minister Rishi Sunak to become prime minister, and is seen by many in the party as a safe pair of hands.
Hunt, who has also previously served as health minister and culture minister, becomes Britain's fourth finance minister in as many months.
Truss's office also said Edward Argar had replaced Chris Philp as Chief Secretary to the Treasury, the second most important job in the department.
A furious China launched "punishment" drills around Taiwan on Thursday in what it said was a response to "separatist acts", sending up heavily armed warplanes and staging mock attacks as state media denounced newly inaugurated President Lai Ching-te.
Nine people have died and around 50 were injured after a structure collapsed at a campaign event for the Citizens' Movement party in the northern Mexican state of Nuevo Leon.
India's election watchdog has ordered the ruling Bharatiya Janata Party (BJP) and opposition Congress to exercise restraint in their campaigns, after both had reported the other for making divisive speeches.
Spain, Norway and Ireland will recognise Palestine as a state, taking effect on May 28, the Prime Ministers of all three countries confirmed on Wednesday.
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