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US President-elect Donald Trump on Monday chose Ben Carson, the mild-mannered retired neurosurgeon who challenged him for the Republican nomination, to turn around troubled US inner cities as secretary of housing and urban development. Carson, an African American who is a religious conservative, has no background in housing policy but has cited his poor childhood in Detroit as a qualification for the job. "Ben Carson has a brilliant mind and is passionate about strengthening communities and families within those communities," Trump said in a statement.
European stocks and the euro rose on Monday, battling back as investors bet that Prime Minister Matteo Renzi's resignation after voters rejected his constitutional reforms would not trigger a snap election in Italy. Italian stocks broadly languished below the water line but the losses seen as the scale of Renzi's defeat in Sunday's referendum emerged were more than halved. "Renzi's resignation is likely to lead to a period of higher political uncertainty which comes in the midst of ongoing recapitalization efforts in the Italian banking sector," said Nicola Mai, head of European sovereign credit research at PIMCO.
MILAN (AP) — Italian voters dealt Premier Matteo Renzi a resounding rebuke by rejecting his proposed constitutional reforms, plunging Europe's fourth-largest economy into political and economic uncertainty Monday.