EU lawmakers demand obligatory hosting of migrants under looming overhaul

By Gabriela Baczynska BRUSSELS (Reuters) – European Union lawmakers voted on Thursday to require member countries to host some of the refugees and migrants coming to the bloc at times of high arrivals, part of a fiercely contested reform due ahead of a 2024 pan-European election. The European Parliament adopted its position on the looming…

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Russian inflation risks must ease to make room for rate cut – central bank

MOSCOW (Reuters) -Inflationary risks in Russia must decrease in order to create room for interest rate cuts, Central Bank Governor Elvira Nabiullina said on Thursday, in hawkish comments a week before the bank next sets interest rates. The central bank has become more wary of inflation this year, warning of the risks of a widening…

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Brazil’s credit package paves the way for capital market the size of the banking market -official

BRASILIA (Reuters) – Brazil’s Secretary of Economic Reforms Marcos Barbosa said on Thursday that the credit package announced by the government aims to strengthen the credit market in the long term, paving the way for the country’s capital market to become as robust or larger than the 5 trillion reais ($988 billion) banking market. Speaking…

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Lawyers win big in $787.5 million Fox defamation case

By Andrew Goudsward (Reuters) – The $787.5 million settlement that ended Dominion Voting Systems’ defamation lawsuit against Fox Corp also marks the end of a lucrative, two-year legal battle for the sprawling teams of highly-paid lawyers on both sides. At least 31 lawyers from nine different law firms worked on the case, court filings show….

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Israel cements ties to Turkmenistan on Iran’s border

ASHGABAT (Reuters) -Israeli Foreign Minister Eli Cohen inaugurated a permanent embassy in the Central Asian nation of Turkmenistan on Thursday, establishing his country’s closest diplomatic presence to Iran, as Israel seeks to strengthen ties to its arch-foe’s neighbours. Although the countries established diplomatic relations 30 years ago, there had only been a temporary Israeli mission…

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Exclusive-Pakistan makes its first purchase of discounted Russian oil

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo to dock at the port of Karachi in May. Pakistan’s purchase gives Russia a new outlet, adding to Moscow’s growing sales to…

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