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Japanese stock market soars to five-year high

Shares in Tokyo have soared, closing at their highest level in almost five years, with the market driven by a weakening Japanese currency and after Wall Street hit fresh all-time highs on solid jobs data.

Read more: Japanese stock market soars to five-year high

   

Court approves contested India nuclear plant

India's Supreme Court has paved the way for the commissioning of a nuclear power plant in the southern state of Tamil Nadu that has been the target of widespread protests.

Read more: Court approves contested India nuclear plant

   

Portugal to cut thousands of government jobs

Portugal plans to avoid the threat of needing another bailout by making another $6.3bn in cuts over the next three years, with measures including raising the retirement age by one year to 66 and laying off around 30,000 government workers, the prime minister has said.

Read more: Portugal to cut thousands of government jobs

   

US economy adds more jobs than expected

The US economy added 165,000 jobs for the month of April, exceeding expectations while driving down the unemployment rate to a four-year low of 7.5 percent.

Read more: US economy adds more jobs than expected

   

Bangladesh tragedy forces retail rethink

Western retailers have rushed to rethink brand strategies and address public concerns in the wake of the Bangladesh building collapse tragedy.

Read more: Bangladesh tragedy forces retail rethink

   

EU to shrink further into recession

IMF Managing Director Christine LagardeRecession in the crisis-hit eurozone will be deeper than expected for the rest of the year, with even some of Europe's biggest economies suffering from hardships.

Read more: EU to shrink further into recession

   

ECB cuts interest rates to record low

The European Central Bank has cut interest rates for the first time in 10 months, promising to provide as much liquidity as eurozone banks need well into next year and to help smaller companies get access to credit.

Read more: ECB cuts interest rates to record low

   

Mobile advertising rise fuels Facebook profit

Facebook's profits climbed 58 percent in the first quarter from a year ago to $217m, amid a surge in mobile advertising revenue.

Read more: Mobile advertising rise fuels Facebook profit

   

Mexican Senate approves telecoms-reform bill

Mexico's Senate has approved legislation to open up the telecommunications industry, a sector dominated by TV giant Televisa and the telephone company belonging to Carlos Slim, the world's richest man.

Read more: Mexican Senate approves telecoms-reform bill

   

Twitter warns media outlets against hacks

Twitter issued a warning to media organisations to improve the security of their tweeting procedures following several high profile hacks in recent weeks.

Read more: Twitter warns media outlets against hacks

   

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