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Pakistan tax exemptions are growth ‘triggers’, says finance ministry

By Ariba Shahid KARACHI, Pakistan (Reuters) -Tax exemptions in Pakistan’s budget for next year are “triggers” for economic growth but the government is not “doctrinaire” about its spending plans, the finance ministry said on Friday in response to International Monetary Fund concern. On Thursday, the IMF expressed dissatisfaction with Pakistan’s recently presented budget, a blow …

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Cepsa estudia la venta de una planta química en China -fuentes

Por Andres Gonzalez LONDRES, 16 jun (Reuters) – La empresa española Cepsa está estudiando la venta de una planta química en Shanghái, en un momento en que la empresa de petróleo y gas vira hacia una estrategia más ecológica en sus distintas líneas de negocio, según tres fuentes conocedoras de la situación. La venta, que …

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Brenntag board proposal approved in blow to activist PrimeStone

(Reuters) – Shareholders of German chemicals distributor Brenntag approved the company’s nominations for its supervisory board at an annual general meeting on Thursday, rejecting countermotions submitted by PrimeStone Capital. About 62% of the votes were in favour of Brenntag’s candidates, a show of moderate confidence in the leadership when activist investors are pushing for management …

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Huge rockfall narrowly misses Swiss village evacuated last month

(Reuters) – A large rockfall overnight narrowly missed a tiny Swiss mountain village that was evacuated last month due to the risk it could be buried under a collapsing mountainside, with local authorities saying on Friday they were on alert for another one. Video footage from Swiss broadcaster Blick showed rocks tumbling down on Thursday …

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Cineworld CEO and top execs secure near $35 million exit payout- FT

(Reuters) -Cineworld’s CEO Mooky Greidinger and his top management team will be paid up to $35 million combined to leave the British cinema operator after it emerges from Chapter 11 proceedings next month, the Financial Times reported on Friday. The lenders have committed to pay Greidinger, his brother and deputy CEO, Israel Greidinger, Chief Financial …

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Edison opens ‘strategic’ hydrogen-ready power plant near Venice

By Giancarlo Navach and Francesca Landini PORTO MARGHERA, Italy (Reuters) -Italian energy group Edison on Friday inaugurated a new lower-emissions gas power station near Venice which in the future should also run on a hydrogen-gas mix that should be even less pollutant. Italy’s government sees hydrogen power as a promising new technology for a country …

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Pope Francis leaves hospital ‘in better shape than before’

By Philip Pullella and Cristiano Corvino ROME (Reuters) -Pope Francis was discharged from hospital on Friday morning, nine days after surgery to repair an abdominal hernia, and his doctor said he was stronger than before. The 86-year-old pontiff left Rome’s Gemelli hospital in a wheelchair, smiling and waving to reporters and well-wishers at the main …

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“Es imposible” prorrogar el acuerdo sobre cereales en las condiciones actuales: senadora rusa

MOSCÚ, 16 jun (Reuters) – Es “imposible” prorrogar el acuerdo sobre los cereales del mar Negro en las actuales circunstancias, dijo el viernes la presidenta de la Cámara Alta rusa, Valentina Matviyenko, según la agencia Interfax. Matiyenko, en declaraciones al margen de un foro económico en San Petersburgo, afirmó que “los límites de nuestra paciencia …

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ECB policymakers line up behind rate hike plans

FRANKFURT (Reuters) -European Central Bank policymakers lined up behind plans to raise interest rates again next month, but views diverged on policy further down the road as underlying inflation remained stubbornly high even as the economy is barely growing. The ECB raised interest rates to a 22-year high of 3.50% on Thursday and said it …

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Es “muy probable” que Rusia esté detrás del derrumbe de la presa en Ucrania -expertos internacionales

Por Anthony Deutsch ÁMSTERDAM, 16 jun (Reuters) – Es “muy probable” que el derrumbe de la presa de Kajovka, en el sur de Ucrania, fuera causado por explosivos colocados por rusos, según las conclusiones preliminares publicadas el viernes por un equipo de expertos jurídicos que asisten a la fiscalía ucraniana en su investigación. El presidente …

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