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Lebanon forms new government in bid to address economic crisis

Lebanese Prime Minister Hassan Diab announced a new government that will aim to address protests in the economically troubled country, media outlets reported.

The cabinet comprises 20 specialist ministers and has received backing from the influential Hezbollah group and its allies, Reuters and Iran's Press TV said. Economist Ghazi Wazni will serve as finance minister, while diplomat Nassif Hitti will head the foreign ministry.

Wazni said Lebanon is in need of foreign aid to revive its ailing economy and warned about a "fireball" of looming maturities of foreign-currency debt, according to Reuters.