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#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

   

S Africa metal workers 'reject wage offer'

Striking South African engineering and metals workers have rejected an improved wage offer to end the country's largest-ever strike, firms say, as the stoppage begins to affect the vital car-manufacturing sector.

Read more: S Africa metal workers 'reject wage offer'

   

BNP Paribas to pay $8.83bn fine

BNP Paribas has pleaded guilty to two criminal charges and agreed to pay $8.83 billion in a broad agreement with US authorities over charges the French bank violated US sanctions laws.

Read more: BNP Paribas to pay $8.83bn fine

   

US cuts Swaziland from lucrative trade pact

The US has cut Swaziland from a lucrative duty-free trade programme because of concerns about crackdowns on peaceful demonstrations and poor protection of workers' rights.

Read more: US cuts Swaziland from lucrative trade pact

   

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