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#Russia ordered to pay $50bn in Yukos case

The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50bn in compensation over its seizure of the one-time oil giant, according to the main shareholder GML Ltd.

Read more: #Russia ordered to pay $50bn in Yukos case

   

US widow awarded $23.6bn tobacco payout

A Florida jury has awarded the widow of a chain-smoker who died of lung cancer punitive damages of more than $23bn in her case against the RJ Reynolds Tobacco, the nation's second-largest cigarette maker.

Read more: US widow awarded $23.6bn tobacco payout

   

#Microsoft to cut 18,000 jobs worldwide

Microsoft has announced the biggest layoffs in its 39-year history, outlining plans to cut 18,000 jobs worldwive in a move that marks the chief executive's sharpest pivot yet away from his predecessor's drive for the company to make its own devices.

Read more: #Microsoft to cut 18,000 jobs worldwide

   

#BRICS to launch World Bank and IMF rivals

The leaders of Brazil and Russia have expressed support for a plan to launch a new development bank and emergency reserves fund, an ambitious challenge to the Western-run multilaterals that shape global finances. 

Read more: #BRICS to launch World Bank and IMF rivals

   

S Africa metal workers 'to intensify' strike

South Africa's engineering and metal workers union has rejected a 10 percent pay-raise offer from employers, calling on its 220,000 striking members in the sector to intensify strike action.

Read more: S Africa metal workers 'to intensify' strike

   

UK public-sector workers stage pay strike

Hundreds of thousands of public-sector workers including teachers, council workers and firefighters have staged a 24-hour pay strike in a stoppage that has prompted David Cameron, the prime minister, to threaten a crackdown on union powers.

Read more: UK public-sector workers stage pay strike

   

India's new government unveils reform budget

India's new government has unveiled a budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.

Read more: India's new government unveils reform budget

   

French businessman to head #Vatican bank

French businessman Jean-Baptiste de Franssu is set to take over as head of the Vatican bank, succeeding German lawyer Ernst Von Freyberg, who has run the bank since February 2013.

Read more: French businessman to head #Vatican bank

   

#Cuba resists speedy economic reforms

President Raul Castro has reiterated that Cuba's programme of reforms will remain cautious and gradual, despite recent disappointing gross domestic product (GDP) numbers that show the country's already-struggling economy slowing.

Read more: #Cuba resists speedy economic reforms

   

Egyptians hit by drastic rise in fuel price

Egypt raised mainstream fuel prices by up to 78 percent, following on a promise to cut subsidies that eat up nearly a quarter of the government's budget, state news agency MENA reported.

Read more: Egyptians hit by drastic rise in fuel price

   

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