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#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

   

US court blocks #Argentina debt payout

Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a US federal court has decided not to let the payment go through.

Read more: US court blocks #Argentina debt payout

   

Gaza public servants strike over pay dispute

An estimated 40,000 public servants hired by the Palestinian group Hamas have gone on strike in the Gaza Strip.

Read more: Gaza public servants strike over pay dispute

   

US economy 'shrank sharply' after winter

The US economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago.

Read more: US economy 'shrank sharply' after winter

   

Nigerians reject #Shell compensation offer

Nigerians affected by two major oil spills in the country in 2008 have rejected an offer by the Royal Dutch Shell for a compensation of up to $51m.

Read more: Nigerians reject #Shell compensation offer

   

S&P downgrades Argentina's credit rating

Standard & Poor's has cut Argentina's credit rating, saying the country was more likely to default after the US Supreme Court rejected its appeal to avoid paying certain bond investors.

Read more: S&P downgrades Argentina's credit rating

   

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