Crisis Talks Over ABC Olympics Coverage

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BRASILIA, Oct 4 (Reuters) - Brazil's Supreme Court late on Thursday rejected a request by the government and states that certain outstanding legal costs and payments owed to individuals be indexed at a reduced rate, a decision which could cost more than 40 billion reais.

Belgium's Central Council of the Economy, composed of worker, employer and consumer representatives, has advised that the maximum pay hike for 2019 and 2020 should be 0.8 percent. Michel's office said that, including wage indexation, this meant an effective pay increase of up to 4.6 percent. (Reporting by Clare Roth; editing by Philip Blenkinsop and Alexandra Hudson)

"After years of cuts at the hands of the Liberal National government and with a further three years of cuts ahead for the ABC, they've been left with no choice," Labor senator Deborah O'Neill told parliament.

Unions are calling for wage increases, seo service (hop over to this website) an improved work-life balance and better pensions in talks with employers. Some see the strike as political action against the centre-right federal government ahead of a parliamentary election.

A landmark overhaul of the country's pension system, which aims to save the public purse around 800 billion reais ($195 billion) over the next decade, is expected to be passed into law by the Senate later this month.

President Jair Bolsonaro has made restoring Brazil's public finances to health one of his top economic priorities. Many states are heavily indebted and some are effectively bankrupt, while the nation's gross debt as a share of its economy just hit a record high of 79.8%.

National rail operator SNCB said about half of its train services were running. High-speed Thalys, running to Amsterdam and Paris, said it should be running normal services, though catering might not be available on all trains. Some Eurostar trains to London were cancelled due to maintenance.

"There has been an uptick in inflation and the government has just issued a decision to increase the minimum state salaries," said Angus Blair, chief operating officer at Cairo-based investment bank Pharos Holding.

The government, central bank and many economists insist that pension reform will boost confidence, investment and ultimately economic growth, although it is not the only economic reform Brazil needs, they say.

BRUSSELS, Feb 12 (Reuters) - Belgian airports cancelled almost all flights on Wednesday due to a national strike over pay and working conditions that halted activity at ports, hit public transport and led to blockades outside factories.

CAIRO, March 31 (Reuters) - Egypt will keep 95-octane petrol at 7.75 Egyptian pounds ($0.4485) per litre through the second quarter of 2019 as it links the cost to international fuel prices for the first time, the petroleum ministry said in a statement.

Egypt had committed to the indexation mechanism as part of reforms tied to a $12 billion International Monetary Fund programme and designed to increase energy prices to match those on international markets.

"It may have decided to defer any increase until inflation comes off a little further, as inflation is on a longer-term downtrend, and the state employees are paid the new salaries. I would now expect fuel price increases in July or August."

The IMF cited those promised changes in a statement last month, saying: "The authorities remain committed to reaching cost recovery for most fuel products by mid-2019 and implementing automatic fuel price indexation." ($1 = 17.2800 Egyptian pounds) (Reporting by Yousef Saba and Patrick Werr; Editing by Dale Hudson)

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Indexation of these legal-based credits to the IPCA-E rate of inflation was already in place. The government and states had sought to get it changed to the so-called Reference Rate of interest, which is generally lower.

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