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Friday, May 18th, 2012 | Author:

A capital da Argentina pode enfrentar um aumento substancial nos seus custos se o governo conseguir empurrar a responsabilidade pelo transporte público para o prefeito Mauricio Macri, mas sua já baixa nota de crédito deve continuar a mesma.

As agências de classificação de crédito Fitch Ratings e Standard & Poor’s Ratings Services dão a Buenos Aires nota B, bem dentro da faixa de alto risco, e com previsão de permanecer assim.

“A incerteza está incorporada à nota de crédito de Buenos Aires”, disse esta semana a analista de crédito da S&P Delfina Cavanagh à agência de notícias Dow Jones.

A Fitch manteve em 29 de março sua avaliação de crédito para a cidade, mas notou que a elevada proporção de dívidas em moeda estrangeira e a necessidade substancial de obras públicas são riscos para a atual nota.

A avaliação da cidade como investimento especulativo não impediu que investidores comprassem US$ 415 milhões em novos títulos de dívida com vencimento em cinco anos e juro de 9,95%, emitidos por Buenos Aires em fevereiro. Foi um juro consideravelmente menor que os 12,5% exigidos pelo mercado em março de 2011 para comprar US$ 475 milhões em títulos de cinco anos.

O governo da presidente Cristina Kirchner e Macri negociaram no início do ano a transferência para Buenos Aires da administração do sistema de metrô da cidade.

Macri rapidamente mais que dobrou o preço do bilhete, um tema politicamente sensível, para 2,50 pesos argentinos (US$ 0,57). Mas o prefeito recusou-se a concluir a transferência do debilitado sistema, depois que um acidente num trem suburbano matou 51 pessoas em fevereiro.

Em retaliação, o Congresso controlado pela presidente aprovou uma lei forçando a cidade a administrar o metrô e suas 33 linhas de ônibus.

Macri disse que a cidade não aceitará responsabilidade pelo sistema de transporte público da cidade se vigorarem os termos oferecidos pelo governo, e prometeu levar a disputa aos tribunais.

A disputa sobre a transferência do controle do metrô deve percorrer lentamente a câmera de vereadores e os tribunais, disse Abel Fernandez, secretário da Fazenda da cidade.

A presidente está ansiosa para eliminar os cerca de 70 bilhões de pesos (US$ 16 bilhões) que gasta por ano com subsídios para transportes e energia. Transferir o controle do metrô e dos ônibus para a cidade economizará ao governo federal cerca de 1 bilhão de pesos por ano.

Mas a mudança também custará à cidade cerca de 5,5% de sua receita operacional, segundo a Fitch Ratings.

Embora considere ainda muito cedo para medir o impacto da transferência nas contas da cidade, Cavanagh, da S&P, notou que Buenos Aires tem flexibilidade para determinar seus gastos e poucas dívidas.

A cidade teve um orçamento operacional de 22 bilhões de pesos ano passado e superávit fiscal, disse ela.

Apesar das finanças relativamente sadias, a nota de crédito da cidade continua de alto risco porque “elas estão operando na Argentina” e a cidade está sujeita à imprevisibilidade das políticas do governo federal, disse Cavanagh.

A Argentina, terceira maior economia da América Latina, continua sendo considerada de alto risco mesmo depois de anos de crescimento econômico veloz e da reestruturação bem-sucedida de cerca de 93% dos US$ 100 bilhões da dívida soberana do país, que remonta à moratória de 2001.

© 2011 Wall Street Journal (www.wsj.com)
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Thursday, May 17th, 2012 | Author:

Macedonia was spared the inter-ethnic violence that raged elsewhere in the Balkans following the break-up of Yugoslavia in the early 1990s but it came close to civil war a decade after independence.

Rebels staged an uprising in early 2001, demanding greater rights for the ethnic Albanian minority. The conflict created a wave of refugees and the rebels made territorial gains.

After months of skirmishes, EU and Nato support enabled the president, Boris Trajkovski, to strike a peace deal. Under the Ohrid agreement, Albanian fighters laid down their arms in return for greater ethnic-Albanian recognition within a unitary state.

Acknowledgement of ethnic-Albanian rights was formalised in amendments to the constitution approved by parliament in late 2001. Ethnic Albanians account for about a quarter of the population.

In August 2004, parliament approved legislation redrawing local boundaries and giving ethnic Albanians greater local autonomy in areas where they predominate.

Recognition of the republic's progress from the brink of civil war came in December 2005 when the EU leaders agreed that it should become a candidate for membership. The EU has urged Macedonia to crack down on corruption ahead of accession talks.

An important milestone on the country's path to EU membership was reached towards the end of 2009, when Macedonian citizens were granted the right to visa-free travel within the Schengen zone.

The country's name remains a contentious issue. It is still referred to formally as the Former Yugoslav Republic of Macedonia (FYROM).

International recognition of the country's split from Yugoslavia in 1991 was held up over Greek fears that its name implied territorial ambitions toward the northern Greek region of Macedonia. Greece lifted a two-year trade blockade only after the two countries signed an accord in 1995.

And in 2008, Nato leaders agreed to invite Albania and Croatia to join the alliance. But Greece blocked Macedonia's invitation because of the dispute over the country's name.

In December 2008, Macedonia decided to take the issue of its name to the International Court of Justice in the Hague.

Three years later, the ICJ ruled that Greece had been wrong to block Macedonia's Nato bid because of the row of the country's name. The decision was a significant diplomatic victory for Macedonia, though it did not address the bilateral dispute over the name.

© 2011 BBC News (www.bbc.co.uk)
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Wednesday, May 16th, 2012 | Author:

The Marshall Islands consist of two chains of coral atolls, together with more than 1,000 islets, just north of the Equator.

Under the compact, the US pays an annual rent to use the Kwajalein atoll as a base and missile test range.

The legacy of the post-war US occupation is seen particularly starkly on Bikini and Enewetak, which were both used for nuclear weapons testing between 1946 and 1958.

The US paid $150 million in a compensation package for the test victims in the 1980s.

But whilst Enewetak has been partly decontaminated, Bikini is still uninhabitable. The Marshall Islands has petitioned for additional compensation.

A major problem for the islands is how to gain some measure of financial independence from the US. Imports dwarf exports, unemployment is high and many islanders live by subsistence farming.

Tourism is one option; unspoiled beaches abound and the islands are an ideal base for scuba diving and sports fishing.

The islands also sell fishing rights to other countries, and offer ship registrations under the Marshall Islands flag.

© 2011 BBC News (www.bbc.co.uk)
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Wednesday, May 16th, 2012 | Author:

Nokia announced the launch of Nokia 808 PureView mobile phone, the first smartphone in the world with a 41 megapixel camera, which is set to revolutionize high-end imaging in the smartphone sector.

The smartphone uses a new technology originating from satellite imaging called Pixel Oversampling and combines Carl Zeiss’ exclusive optics and Nokia’s advanced algorithms, which combined will offer an unprecedented high-end imaging experience in a smartphone.

Since its global launch in February, the Nokia 808 PureView has received multiple awards, including Best New Mobile Device at Mobile World Congress 2012, as well as an award for Best Imaging Innovation for 2012 from the Technical Image Press Association (TIPA).

Vesa Jutila, Head of Smartphones Product Marketing at Nokia, demonstrated PureView’s revolutionary imaging features to an elite group of journalists, bloggers and photographers in Jeddah, and said: “Nokia revolutionizes high-end smartphone imaging and sets a new industry standard with the Nokia 808 PureView. With this smartphone, you can capture the sharpest and most detailed pictures ever, and it is easier than ever to relive and share your experiences.”

“But this is only the start: we’re going to carry on developing the PureView technology for our future smartphones in ways that will again revolutionize the imaging experience,” he concluded.

Mandar Bhide, General Manager, Nokia Middle KSA and Yemen said: “We are delighted to launch Nokia 808 PureView, an advanced smartphone full of advanced and exciting features, which is a testament to Nokia’s commitment to delivering innovative mobile phone products for consumers across the globe, and to imaging enthusiasts in Saudi Arabia.”

“Nokia’s global strategy for growth focuses on a new winning smartphone strategy; such as the innovation we witnessed today with Nokia 808 PureView. This is a key part of this strategy as it pioneers new technology in smartphone handsets and sets a new benchmark for innovations in high-end imaging,” he added.

The new smartphone also introduces Nokia Rich Recording technology, which enables audio recording at CD-like levels of quality, previously only possible with advanced external microphones, and also features the exclusive Dolby Headphone technology, transforming stereo content into a personal surround sound experience over any headphones and Dolby Digital Plus for 5.1 channel surround sound playback.

The Nokia 808 PureView features a large, high-resolution 41 megapixel sensor with high-performance Carl Zeiss optics and new pixel oversampling technology. At standard resolutions (2/3, 5 and 8 megapixels), this means the ability to zoom without loss of clarity and capture seven pixels of information, condensing into one pixel for the sharpest images imaginable.

At full resolution, it means the ability to capture an image, then zoom, reframe, crop and resize afterwards to expose previously unseen levels of details. The camera offers unprecedented performance in low-light shots, thanks to the pixel oversampling technology and amazing sensor that captures five times the amount of light. With superior low-light performance and the ability to save in compact file sizes for sharing in social networks, email and MMS, the Nokia 808 PureView smartphone makes it possible for anyone to capture professional looking images in any condition, and view it on any device.

Abdullah Al Mofeed, professional Saudi photographer, expressed his opinion on the pictures he took with the smartphone: “Professional and amateur photographers will get great shots alike, and lifestyle nature photographers will much appreciate the unprecedented details in resolution, thanks to this technology. The thing I like the most about this smartphone is that it offers professional imaging features in a small and portable size.”

In addition to superior still imaging technology, the Nokia 808 PureView smartphone also includes full high definition 1080p video recording and playback with 4X lossless zoom and the world’s first use of Nokia Rich Recording. This feature enables audio recording at CD-like levels of quality, previously only possible with external microphones. The Nokia 808 PureView also features exclusive Dolby Headphone technology, transforming stereo content into a personal surround sound experience over any headphones and Dolby Digital Plus for 5.1 channel surround sound playback.

In addition to the revolutionary experience offered by the Nokia 808 PureView, a big number of imaging mobile applications are available on Nokia store (http://store.nokia.com) to enhance the user experience, which can be directly downloaded to the smartphone.

Nokia 808 PureView uses a 4 inch multi-touch screen, and the highly damage-resistant Corning Gorilla glass helps protect the screen from scratches and accidental drops. The processor runs at 1.3 GHz and it supports Bluetooth 3.0 and Near Field Communication NFC wireless technologies. The battery can run for 9 hours of talk time, or 550 hours in stand-by mode, and the smartphone can connect to high definition television sets through the HDMI port and DLNA wireless technology, while providing high quality flash light to capture the best photographs and videos in low light conditions.

The smartphone supports syncing calendars, contacts and notes with Microsoft Outlook and can open Microsoft Office and PDF documents and compressed ZIP files. Nokia 808 PureView weighs 169 grams and will be available in the Saudi market in early June.

© 2011 AMEINFO (www.ameinfo.com)
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Tuesday, May 15th, 2012 | Author:

Abu Dhabi: The 12-year-old boy who was feared missing since Saturday was found late Sunday night by family friends, his father told Gulf News.

Mohammad Fazil, who disappeared from Al Wahda Mall on Saturday afternoon, had returned to the mall with the friend at whose house he had spent the night.


We are just happy to have him back, and will slowly work towards helping him understand how much this incident worried his entire family

Mustafa Fazil, father of missing boy Mohammad Fazil

Family friends who were keeping a watch out for Mohammad found him and alerted his father, T.P. Mustafa, a 48-year-old businessman from India.

“We are just happy to have him back, and will slowly work towards helping him understand how much this incident worried his entire family,” Mustafa told Gulf News.

Article continues below

© 2011 Gulf News (www.gulfnews.com)
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Tuesday, May 15th, 2012 | Author:

Named Pleasant Island by its first European visitors, the former British colony of Nauru is the world's smallest republic.

The tiny Pacific island once generated a per capita income out of proportion to its size. But the source of this wealth – phosphates – is nearing exhaustion, leaving the islanders facing an uncertain future.

While the mining of 1,000 years' worth of fossilised bird droppings has been lucrative, Nauru relies on imports for almost everything – from food and water to fuel.

Moreover, recent financial crises have precipitated a slide into bankruptcy and a dependence on aid. The country had to sell off its assets in Australia to pay off a multi-million dollar debt to a US corporation.

Nauru's government has tried to develop alternative industries, including tourism and offshore banking. A world body, set up to fight money-laundering, removed Nauru from its list of uncooperative states in late 2005.

In 2001 Nauru signed an agreement with Australia to accommodate asylum seekers on the island, in return for millions of dollars in aid. However, Australia ended its controversial "Pacific Solution" of detaining asylum seekers on islands in 2008.

Australia has sent financial experts to Nauru to help it overcome its problems.

© 2011 BBC News (www.bbc.co.uk)
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Tuesday, May 15th, 2012 | Author:

The Palestine Chapter of the Middle East Investor Relations Society (ME-IR Society) successfully held its first meeting, headed by Chairwoman of the Palestine Chapter, Fida Azar – Manager of Palestine Exchange (PEX) Representative Office.

The meeting was also attended by representatives of PADICO Holding, PALTEL, Bank of Palestine, Jerusalem Pharmaceuticals, Wataniya Mobile and Palestine Securities Exchange.

“This meeting comes as part of the continuous efforts and consultations carried by PEX in order to develop effective investor relations practices among listed companies,” Mrs. Azar said. “The meeting aimed mainly at identifying the key training needs for investor relations professionals in listed companies, as a first step towards launching a series of dedicated activities and initiatives in cooperation between the Palestine Chapter and the Middle East Investor Relations Society.”

The meeting addressed areas and mechanisms of enhancing investor relations and communications, as well as ways to attract new investors. It highlighted areas of training required to hone Palestinian skills and expertise in investor relations, in light of regional and international experience. The meeting also touched on several practical issues related to the daily practices and challenges that face IR professionals.

Launched last February, the Palestine Chapter of ME-IR Society is headed by the Palestine Exchange.

The Middle East Investor Relations Society, established in 2008, is an independent, not-for-profit organization with membership open to all IR, financial communications, and capital markets professionals throughout the Middle East region. The Society’s objectives are to promote excellence in investor relations through executive training, professional qualifications, seminars and network events, working in partnership with stock exchanges, regulatory bodies and market professionals in the region.

© 2011 AMEINFO (www.ameinfo.com)
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Tuesday, May 15th, 2012 | Author:
© 2011 BBC News (www.bbc.co.uk)
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Monday, May 14th, 2012 | Author:

The Bernabeu is ready for a party this evening as Real Madrid aim for more records against Real Mallorca, before captain Iker Casillas receives the La Liga trophy.

Jose Mourinho’s side have already smashed through the previous mark for most goals (107) and three more points will make them the first side ever to reach 100 in a Primera Division season.

But visitors Mallorca will be aiming to spoil the fun, as they remain in the hunt for an unlikely Europa League qualification place.

In his pre-match press conference, a relaxed Mourinho said the statistics showed his side had improved immensely to secure a first title in four seasons. “We have played at a great level and have broken records,” said Mourinho.

“We have won the most important trophy which you get after 11 months and 38 games, playing spectacular football with figures which are impossible to better. The season has been nine out of 10 – the team in general nine, the coaching staff nine and some players have been 10 out of 10.”

Mourinho, flanked by his four assistants (Aitor Karanka, Rui Faria, Morais and Silvino Louro), dedicated a song in Portuguese to a surprised looking Karanka and also said the group had already begun planning for next season, and a better European campaign.

“Next season it will be impossible to improve our figures,” he said. “We do not want to change our style, as it is impossible to improve. We can only add a few things so that the team is stronger. We need to work on a psychological level, to maintain our levels of consistency and ambition. To improve in the Champions League is not easy, but it is possible and we will try to make another step forward.

He added: “We do not want or need a new squad. We just want a few players to complete the group. We will do that without pressure over the coming months.”

The game could also be a send-off for Adan, Raul Albiol, Lass Diarra, Hamit Altintop, Nuri Sahin, Kaka and Gonzalo Higuain, at least some of whom will leave this summer.

Mourinho said Higuain – heavily linked with Paris St-Germain – had Real Madrid “in his heart” and would only leave for €150 million (Dh711.7m), but was less certain when speaking about Kaka’s future and hinted veteran defender Carvalho and reserve goalkeeper Adán would move on.

Mallorca centre-half Ivan Ramis, who missed his side’s 1-0 win over Levante through suspension, should return, while Joaquin Caparros could bring Pau Cendros in at right-back for the injured Emilio Nsue.

© 2011 Al Bawaba (www.albawaba.com)
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Sunday, May 13th, 2012 | Author:

Brooks detailed frequent contacts with Cameron in the run-up to the 2010 election and said she had received commiserations from the prime minister when she resigned from News International last summer.

She said the message, along the lines of “keep your head up,” was among a number of “indirect messages” of sympathy that top politicians sent to her.

Brooks resigned as chief executive of News International, the British arm of Rupert Murdoch’s News Corp., in July amid public outrage over claims of widespread hacking by staff at its News of the World newspaper.

The government-appointed Leveson Inquiry, set up in response to the accusations of phone hacking by the News of the World, is examining the links between Britain’s media and politics.

Brooks’ testimony about the contacts she had with Britain’s current and former prime ministers could prove embarrassing to them if it reveals too close a relationship.

And her evidence surrounding News Corp.’s bid to take over full ownership of British satellite broadcaster BSkyB may prompt further questions.

Brooks, who said she had an “informal role” in lobbying for the bid, told the inquiry she had discussed it with both Cameron and Chancellor of the Exchequer George Osborne.

An e-mail from a News Corp. employee to Brooks also suggested Culture Secretary Jeremy Hunt had asked him to advise privately on how News International was dealing with the phone hacking allegations, the inquiry heard.

The employee is known to have referred to contact with Hunt — the Cabinet minister who oversees British broadcasting and who was charged with making an impartial decision on the bid — when he in fact dealt with Hunt’s aide.

The aide was forced to resign last month over revelations of apparent back-channel communications between his office and News Corp. over the bid.

The controversial bid was eventually abandoned last summer amid the furor over the phone hacking scandal.

Brooks said her discussion of the takeover with Cameron was not in depth, and that he made it clear it was not his decision to make.

She also argued in favor of the bid to Osborne over dinner, but he was not explicitly supportive of it, Brooks said. It was an appropriate conversation to have, she told inquiry lawyer Robert Jay, as she was entitled to reflect the opposite view to what Osborne had heard from many other news outlets.

In the closing minutes of her five hours of testimony — during which she appeared largely composed but grew more testy as time wore on — Brooks defended her position as an editor and chief executive.

She said “much has been made of cozy relationships and informal contacts” between journalists and politicians, but that it came down to individuals to ensure their conduct was professional.

The system is not perfect, she told the judge overseeing the inquiry, Lord Justice Leveson, but the current government has taken steps to improve transparency about meetings between the press and politicians.

Brooks said the phone hacking scandal increasingly occupied her time in her final months at News International.

But she denied being a “go-between” in an increasingly fraught relationship between Rupert Murdoch and his son James, and she dismissed the suggestion the younger Murdoch had sought to shift the blame to subordinates.

Brooks also said she never witnessed any inappropriate dealings with the police.

Brooks has been arrested twice and released on bail in connection with police investigations into the scandal. She denies any knowledge of phone hacking on her watch.

The ongoing investigations mean questioning on the issue of phone hacking is limited, so as not to prejudice them or any future trial.

Questioned over her relationship with Cameron, a family friend of her husband’s, Brooks said she had met him “probably three or four times” in the five months leading up to the May 2010 election.

She said they would exchange text messages once or twice a week but denied reports that there were as many as 12 texts a day.

The messages were signed off “DC” in the main, she said. Occasionally he would sign them off ” ‘LOL,’ lots of love, until I told him it meant ‘laugh out loud,’ when he didn’t sign them off like that any more,” she said.

Asked if she and Cameron had discussed the phone hacking allegations against News of the World, she said they had done so in very general terms.

In late 2010, they had a more detailed discussion, she said, because civil cases were in court and the issue was in the news.

Brooks was editor of News of the World in 2002 when the newspaper hacked the voice mail of a missing schoolgirl, Milly Dowler, who was later found dead. The hacking scandal led to the paper’s closure in 2011. Brooks then edited The Sun, Britain’s biggest-selling daily tabloid, from 2003 to 2009.

Cameron has said the relationship between the media and politicians has become “too cozy.” He is expected to appear before the inquiry in the coming weeks.

Testifying Friday, Brooks told the inquiry she had received “indirect messages” of sympathy on her resignation in July, from 10 Downing Street, 11 Downing Street, the Home Office and the Foreign Office.

A “very few” Labour politicians sent messages of commiseration, Brooks said.

Former Prime Minister Tony Blair sent her a message, but his successor, Gordon Brown, did not, she said.

Blair’s Labour Party benefited from the support of The Sun in three elections, but the paper switched allegiance to the Conservatives before the 2010 election in which Brown lost power.

In 2009, “we were running out of ways to support Mr. Brown’s government,” Brooks said, explaining what lay behind the paper’s shift to Cameron in September that year.

She also said Brown had been “incredibly aggressive and very angry” in a phone call to her after The Sun published stories critical of his handling of a condolence letter to the family of a soldier killed in Afghanistan.

Brooks defended The Sun’s handling of an article it published in 2006 about Brown’s infant son, Fraser, having cystic fibrosis, which the former prime minister criticized in 2011.

Brooks denied the paper had illegally accessed Fraser’s medical records. She did not reveal The Sun’s source for the article but said the Browns had given permission for the paper to run it.

She said Brown had not raised concerns in the intervening years, when they continued to meet socially, and that “Mr. Brown’s recollections of that time were not the same as my own.”

Asked Friday if there was a danger that her newspaper got too close to those in power and their “spin doctors,” Brooks said the job of journalists was to question what they were told and serve their readers.

Brooks acknowledged becoming friendly with Blair by the end of his decade in power but said she was less friendly with Brown. She was more friends with Brown’s wife, Sarah, Brooks said.

She had known Blair for more than a decade, she said, with many social and political meetings in the time he was prime minister. They also spoke on the phone and had dinners together.

Brooks and her husband, Charlie Brooks, live near Cameron’s constituency home and have socialized together. She attended a private birthday party for Cameron in late 2010.

Questioned about her working relationship with Rupert Murdoch, Brooks said she was close to him and believed he trusted her implicitly.

But she rejected the suggestion that politicians thought they had to go through her to get close to Murdoch.

Brooks acknowledged she had made friendships during her years as a journalist, editor and chief executive but said she was always aware that she was a journalist and they were politicians, and assumed they also were.

Asked whether The Sun engendered fear in politicians, Brooks said she did not see them as people who were easily scared.

Jay, the inquiry lawyer, pressed Brooks over her newspaper’s role in putting pressure on the Cameron government, particularly Home Secretary Theresa May, to review the case of Madeleine McCann, a child abducted in Portugal.

Brooks said The Sun had tried to persuade the government to open a review but said “threat” was too strong a word to describe its efforts.

Brooks’ appearance at the Leveson Inquiry came a day after fellow ex-News of the World editor Andy Coulson, who became director of communications for Cameron after he quit the paper, took to the stand.

Critics have questioned Cameron’s judgment in hiring Coulson in 2007 and asked why he was not subjected to more rigorous security vetting.

Coulson resigned as Cameron’s spokesman in January 2011 when police opened a new investigation into the scandal. He insisted he was innocent but said he had become a distraction for the government.

Questioned Thursday, Coulson said the jailing of two News of the World employees over phone hacking in 2007 did come up in discussions with senior party members before his job offer.

He told the inquiry he had told them and Cameron what he has said repeatedly — that he knew nothing about the practice of hacking under his leadership of the paper.

Coulson said he never witnessed a conversation that was “inappropriate” between members of the government and News International.

He dismissed as a conspiracy theory the suggestion that Conservatives had struck some kind of deal on News Corp.’s takeover of BSkyB in return for Murdoch’s support.

CNN’s Laura Perez Maestro contributed to this report.

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