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 to raise its stake in the publisher of the El Pais newspaper. The Spanish government has given authorisation for Vivendi to exchange the Prisa convertible bonds it acquired in February into equity, Prisa said in…

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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 and that the central bank could begin cutting interest rates. He added, however, that the government could not pre-empt any decision on changing the inflation targets set by the National Monetary Council consisting of himself,…

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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% wage increase across the board in 2023, El Pais newspaper reported, citing unidentified sources close to the negotiation. The agreement also included wage increases of 3% in 2024 and in 2025, the newspaper as well…

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Moscow residents report sat-nav disruption before Victory Day parade

MOSCOW (Reuters) – Residents of Moscow reported problems using satellite navigation in cars and on mobile devices this week, as the Kremlin stepped up security for the annual Victory Day parade on Red Square on May 9. Maps from the GPSJam website showed a “high level” of Global Positioning System interference across Moscow on Wednesday…

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Drones over Kremlin likely launched from inside Russia – US experts

By Mike Stone WASHINGTON (Reuters) – The drones that crashed over the Kremlin earlier this week probably evaded an extensive number of defenses in and around Moscow, suggesting they might have been launched from inside Russia, U.S.-based drones experts said. Footage of the unmanned aircraft has sent governments and open source intelligence analysts on a…

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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 in 2023/24 budget next week, a mix that it hopes will generate much-needed growth in real wages. Treasurer Jim Chalmers will now forecast unemployment of 3.5% for the June quarter of this year and 4.25%…

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Russian mercenary chief says fighters to leave Ukraine’s Bakhmut to ‘lick wounds’

By Felix Light, Caleb Davis and Andrew Osborn (Reuters) -Yevgeny Prigozhin, leader of Russia’s Wagner Group mercenary force, said in a dramatic announcement on Friday that his forces would pull out of the Ukrainian city of Bakhmut that they have been trying to capture since last summer. Prigozhin said they would withdraw on May 10…

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Factbox-How countries have legislated after mass shootings

(Reuters) – Serbian President Aleksandar Vucic has proposed new gun control measures after two mass shootings in which 17 people were killed, including at least eight children. Here are some details on how Serbia and other countries have responded to such mass shootings. SERBIA Vucic proposed a moratorium on gun permits regardless of weapon type…

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