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FirstFT: Russia reduces number of Kremlin-backed troops in Libya

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More than 1,000 Syrians are deployed in the Kremlin Russian mercenaries in Libya were transferredWestern and Libyan officials said, at one of the first signs that the invasion of Ukraine was hampering Moscow’s foreign deployments.

About 200 Russian mercenaries from the private military force supported by the Kremlin and the Wagner group and about 1,000 Syrians deployed by Russia alongside Libya have been pulled out in recent weeks, two Western sources said. Three others approved the reduction.

About 5,000 mercenaries remain in the country on behalf of Moscow, said a regional official with knowledge of the deployment. A senior Lobby official confirmed that Russia had withdrawn the mercenaries, but did not provide data.

“At first it was the Syrians, not the Russian Wagner people and then it became the Wagner people themselves” – Amdadin Buddy, a senior fellow at the Middle East Initiative of the Atlantic Council

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The last from the war in Ukraine

1. Renewal of television rules in the UK Secretary of Culture Nadine Doris will reveal the The biggest overhaul of the broadcast rules In almost 20 years today, it gives the BBC, ITV and Channel 4 more bargaining power with digital TV platforms like Sky, Amazon and Samsung. The White Paper will also pave the way for Channel 4’s controversial privatization.

Government faces serious opposition over Channel 4 privatization terms © Dan Kitwood / Getty Images

2. Twitter reassures advertisers about Musk’s freedom of expression programs The social media platform is in a hurry Relieve concerns about his future As a safe place for brands after the takeover of Elon Musk, according to an email seen by the Financial Times, when campaign groups warned that Tesla’s focus on freedom of expression could increase toxicity and abuse.

  • Keep reading: How did the Wall Street risk management committees get comfortable with the Twitter deal so quickly? The answer lies in Easy, or not, due diligence.

  • Elsewhere in Silicon Valley: Parent meta on Facebook Record the slowest revenue growth Since the announcement, but the profits have held up better than expected.

3. Archangel’s Bill Wang was arrested on a US fraud charge The founder of the family firm that collapsed Archegos Capital Management was Accused of extortion, fraud and market manipulation. The indictment accused Wang and former CFO Patrick Haligan of using Archegos as a “tool for manipulation and fraud in the market.”

4. Britain’s Northern Ireland plans raise concerns about the trade war Boris Johnson’s tough stance on the post-Brexit situation in Northern Ireland has raised alarms in the Treasury, where officials fear it could Stimulate the EU to start a trade warWhich will exacerbate the cost of living crisis.

5. RSM buys shares of former partners in the UK The accounting firm has Buy most of the stock In a business owned by its former UK partners, and consolidating the power of its new management team two years after the entire board was ousted following the transformation of investors.

The day ahead

Shareholders have their say The annual meeting of Modernia will include a resolution on the subject Transfer of the intellectual property of the vaccine manufacturer To the developing world, which was opposed by the top 10 investors. Morgan Stanley and Goldman Sachs have also voted to stay away from fossil fuels; Read more about our votes Moral Money Newsletter. Sign up Here.

Gains It’s different A big day of corporate profits. Amazon.com, Apple, Barclays, Caterpillar, Comcast, Eli Lilly, Intel, McDonald’s, Merck, Nokia, Robinhood, Sainsbury’s, Samsung Electronics, Swedbank and Total are among the reports. Schroders is holding its general meeting, with CEO Michael Dobson Plans to resign.

Economic Data The U.S. economy is expected to accept Increased at an annual rate of 1 percent In the first quarter, its weakest level since the recession caused by the corona in 2020. In the EU, economic and business indicators are outsideThe same is true of April’s inflation data for Spain and Germany, which could put further pressure on the European Central Bank.

What else are we reading

Why Britain joined the race to woo the crypto industry In 2019, the impression that the UK is not attentive to cryptocurrencies was reinforced by a ban on retail trading in crypto derivatives, which the Financial Conduct Authority warned was “similar to gambling”. But the government is warming up To the world of digital assets.

Logic risks the back seat of France’s far right Beyond snooping, significant obstacles stand in the way of an election agreement between Marin Le Pen and Eric Zamor that could turn France’s far right into a serious player in parliament instead of a symbolic opposition. Writes Leila Aboud.

Does Spotify have the same fate as Netflix? Over the past week, Wall Street and Hollywood have been plagued by the fall in stock price of the video streaming platform, which has attracted other media stocks down with it. No one was More painful than SpotifyWhich dropped by almost 25 percent when the entire business model is under scrutiny.

We need savings options to fend off a retirement financing crisis The American retirement system is facing a serious funding challenge. The reality is that a respectable middle-class lifestyle in retirement is no longer safe, Writes Robert MertonWinner of the 1997 Nobel Prize in Economics.

The populist powerful are strangely eager for globalization The whole idea of ​​a “Liberal International Order” – A concept that sometimes seems to be prophesied over and over again – combines political freedom with open trade. They do not always go together, writes Alan Beatty.

House House

As the limitations of the plague subside, a mad struggle for rented property leads Prices are rising in a spiral, bidding wars – and despair.

Illustration of skyscrapers and buildings

While the burden of returning residents is partly to blame in the insane rental markets, various cities face their own unique challenges © Sarah McManamy

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