Tuesday, 07 May 2013 07:54
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.
Business

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.

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.

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.

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.

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

Recession 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.

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.

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

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.

Twitter issued a warning to media organisations to improve the security of their tweeting procedures following several high profile hacks in recent weeks.
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Live Blog: Turkey Protests
Protests at Taksim Square in Istanbul started after trees were torn up to make way for the redevelopment of Gezi Park. ( 16-Jun-2013 )
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Murder Made Sexy |
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