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India unveils restrained pre-poll budget

India's finance minister has unveiled a restrained budget for the government's remaining time in office until May. He said the government had narrowed its fiscal deficit and pledged to keep government spending steady.

Read more: India unveils restrained pre-poll budget

   

US banks free to accept legal marijuana money

The Obama administration has sought to lessen the fear of prosecution for banks doing business with licensed marijuana companies, further encouraging US states such as Colorado and Washington that are experimenting with legalising the drug.

Read more: US banks free to accept legal marijuana money

   

India telecoms auction raises $10bn

Indian mobile phone market leaders Vodafone and Bharti Airtel have bought airwaves worth about $3bn each in a hotly contested auction that raised nearly $10bn, far exceeding the government's target.

Read more: India telecoms auction raises $10bn

   

UAE to use drones for citizen services

UAE tested an unmanned aerial drone which it plans to use to deliver official documents and packages [Reuters]The United Arab Emirates (UAE), which is known for its showmanship and stae-of-the-art technology, intends to develop drone technology for government services and has launched a $1 million international competition for the best innovative use of unmanned aircraft to help improve the lives of people.

Read more: UAE to use drones for citizen services

   

Penguin India to recall book on Hinduism

Penguin Books India has agreed to withdraw from sale all copies of a book that takes an unorthodox view of Hinduism, and will destroy them as part of a settlement after a case was filed against the publisher.

Read more: Penguin India to recall book on Hinduism

   

UK bank to sack 12,000 despite profits surge

Barclays bank is to axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis.

Read more: UK bank to sack 12,000 despite profits surge

   

Weak US jobs report also offers optimism

The US economy added 113,000 new jobs in January, far fewer than the 185,000 that economists had forecast, adding concerns that its recovery is losing momentum.

Read more: Weak US jobs report also offers optimism

   

Twitter shares dive as user growth plummets

Twitter's share price has fallen by nearly a quarter after the micro-blogging site reported slower growth in user numbers.

Read more: Twitter shares dive as user growth plummets

   

Sony to axe 5,000 jobs and sell Vaio unit

Sony is to cut its global workforce by 5,000 people by the end of March 2015 and sell its Vaio personal computer (PC) unit as the Japanese electronics giant struggles with financial losses.

Read more: Sony to axe 5,000 jobs and sell Vaio unit

   

Twitter takes hit as user growth disappoints

Twitter has reported its slowest pace of user growth in recent company history, dimming hopes that the social media phenomenon can sustain its torrid pace of expansion and wiping out nearly a fifth of the company's value in after-hours trading.

Read more: Twitter takes hit as user growth disappoints

   

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