MercoPress. South Atlantic News Agency
Stories for May 6th 2022
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Friday, May 6th 2022 - 09:20 UTC
Sophisticated software impedes Russian looters from using Ukrainian farm equipment, CNN report
Russian soldiers have reportedly looted some five million dollars worth of agricultural state-of-the-art equipment from Ukraine, but it is not clear whether they have been able to man it, given their sophisticated software system.
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Friday, May 6th 2022 - 09:18 UTC
Brazil hikes interest rate to its highest in five years, 12,75%, to fight double digit inflation
As anticipated Brazil's central bank, in a unanimous decision, raised interest rates by 1% to 12,75%, the highest in five years, to contain double digit inflation. However policymakers suggested their tenth straight rate increase would not be the last in what has been one of the world’s most aggressive ongoing rate hike cycles.
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Friday, May 6th 2022 - 09:09 UTC
Bank of England combats inflation by increasing base rate interest to 1%
The Bank of England on Thursday increased for the fourth consecutive time the base rate interest to 1% in an attempt to contain inflation and despite admitting the prospect of recession. The energy crunch, the Russian war in Ukraine, and lesser household incomes are expected to contribute to weaker growth.
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Friday, May 6th 2022 - 09:00 UTC
Possible bag of surprises for Johnson and Northern Ireland at local and regional elections
People across the United Kingdom headed to the polls on Thursday for local and regional elections in a vote that will indicate the mood of the British public midway through the first full term of Boris Johnson's premiership.
