Italian Treasury ready to back KKR-CDP joint bid for Telecom Italia’s grid
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) -Italy’s Treasury is ready to back a joint purchase proposal for Telecom…
Economy
Spain gives Vivendi approval to raise stake in media group Prisa
MADRID (Reuters) – Spanish media company Prisa said on Friday its second-largest shareholder Vivendi, had obtained the Spanish government’s go-ahead…
Brazil’s Haddad backs longer-term target for inflation, no talk of goal change
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation…
Spain’s unions and employers agree to raise wages by 4% in 2023
MADRID (Reuters) – Spain’s main unions and representatives of employers reached a preliminary agreement on Friday to grant a 4%…
Carvana shares soar on upbeat forecast, short squeeze
By Kannaki Deka (Reuters) – Carvana Co’s shares soared as much as 55% on Friday after the struggling online used-car…
Canada’s jobs market stays resilient despite signs of cooling economy
By Ismail Shakil OTTAWA (Reuters) -Canada’s economy added far more jobs than expected in April and the jobless rate stayed…
US restaurants finally get labor relief with more workers seeking jobs
By Hilary Russ NEW YORK (Reuters) – More job seekers are filling out applications to sling Big Macs at McDonald’s,…
Republic First Bancorp cuts jobs in preparation to exit mortgage business
(Reuters) – Republic First Bancorp said on Friday it cut jobs in its commercial lending unit as the lender prepares…
World food prices rise for first time in a year- FAO
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time in a…
Australia to predict lower unemployment, higher wages in looming budget
SYDNEY (Reuters) – Australia’s government is set to cut its forecasts for inflation while also predicting lower unemployment for longer…