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European telecoms sector faces ‘perfect storm’, Telecom Italia CEO says

(Reuters) – Telecom firms in Europe are facing unsustainable market trends linked to shrinking retail prices, booming data consumption and “unprecedented” investment needed to upgrade networks, the head of Telecom Italia (TIM) said on Tuesday. “We are facing a perfect storm”, Pietro Labriola said at the Mobile World Congress (MWC) in Barcelona, citing also slowing …

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South Africa’s 2023 maize harvest seen flat

(Reuters) – South African farmers are expected to harvest 1% more maize in the 2022/2023 season than in the previous season, the government’s Crop Estimates Committee (CEC) said on Tuesday. The CEC estimated the 2023 harvest at 15.615 million tonnes, up from the 15.470 million last season. The harvest is expected to consist of 8.187 …

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Ucrania insta a la ONU y a Turquía a iniciar conversaciones para prorrogar el acuerdo sobre granos

KIEV, 28 feb (Reuters) – Ucrania hizo un llamado a la ONU y Turquía para que inicien negociaciones sobre la prórroga de un acuerdo de exportación de grano, pero hasta ahora no ha habido respuesta, según informó el martes una fuente gubernamental ucraniana. Yuriy Vaskov, viceministro ucraniano de Restauración, dijo a Reuters la semana pasada …

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Thousands more UK civil servants to join March 15 strike

LONDON (Reuters) – Around 33,000 more civil servants in Britain, including those working for the tax office, have voted to stage a strike on March 15 in a dispute over pay, pensions and job security, the Public and Commercial Services (PCS) union said on Tuesday. They will join 100,000 civil servants across other government departments …

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Thailand hosts thousands of US troops for annual ‘Cobra Gold’ drills

By Kwang JirapornKuhakan RAYONG, Thailand (Reuters) – Thailand and the United States kicked off on Tuesday military exercises involving more than 7,000 personnel and forces from 30 countries, with the annual drills including a component focused on space exercises for the first time. “Cobra Gold”, launched in 1982, is one of the world’s longest-running multilateral …

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Portugal economy grows 6.7% in 2022, but slowing down

LISBON (Reuters) – Portugal’s economy grew 6.7% in 2022, its strongest pace in 35 years, fuelled by domestic demand and booming tourism, but inflation put the brakes on private consumption in the fourth quarter, presaging a sharp slowdown this year. In its second reading of gross domestic product released on Tuesday, the National Statistics Institute …

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Desempleo urbano en Colombia cede marginalmente en enero

BOGOTÁ, 28 feb (Reuters) – El desempleo urbano en Colombia disminuyó marginalmente en enero a un 14,5%, desde un 14,8% en el mismo mes del año pasado, informó el martes el estatal Departamento Nacional de Estadísticas (DANE). No obstante, la tasa de desempleo en enero en el área urbana, medida en las 13 principales zonas …

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JPMorgan closes bearish Nigeria view, says election risks may be easing

JOHANNESBURG (Reuters) – Wall Street investment bank JPMorgan closed a key bearish bet on Nigerian assets on Tuesday, saying the risk of potential problems from the west African country’s national elections may be easing. Traders should take profits on a long trade on U.S. dollar-Nigerian naira 9-month non-deliverable forwards (NDFs) – a trade that bets …

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Polonia no recibirá casi petróleo ruso en febrero-marzo: primer ministro Morawiecki

VARSOVIA, 28 feb (Reuters) – Polonia reducirá sus importaciones de petróleo ruso hasta cerca de cero en febrero-marzo, dijo el martes el primer ministro Mateusz Morawiecki, mientras Varsovia sigue rebajando su dependencia de Rusia debido a la guerra en Ucrania. El pasado marzo, Polonia se comprometió a dejar de utilizar crudo ruso para finales de …

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India’s Jan infrastructure output grows 7.8% y/y, fastest in four months

By Shivangi Acharya NEW DELHI (Reuters) – India’s infrastructure output expanded 7.8% year-on-year in January, its fastest pace in four months, driven by a surge in fertiliser, coal and electricity output, government data showed on Tuesday. Seven out of the eight sectors posted year-on-year output growth in January, according to the data. Infrastructure output last …

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