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Ex-Nokia boss’ pay-off rises to $33m

Former Nokia chief executive, Stephen Elop, receives a bigger-than-expected pay-off, as the firm finalises the sale of it handset business to Microsoft.

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China official PMI rises slightly to 50.4 in April

China’s official manufacturing Purchasing Managers’ Index rose to 50.4 in April from 50.3 in March, data released Thursday showed.

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China plans crackdown on iron ore import loans

China plans to get tougher on loans for iron ore imports as concerns grow that steel mills are using import loans to stay afloat. The FT reports.

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Three killed in China train station attack

Three people were killed and 79 wounded in a bomb and knife attack at a train station in western China on Wednesday, state media said.

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Is sterling punching above its weight?

Positive sentiment has spurred a winning streak for the pound, but some analysts are not convinced its strength will last.

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Why Sony desperately needs to innovate

Innovation is the name of the game for most tech firms. In Sony’s case, much more needs to be done on this front, analysts say.

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Ethiopia’s big tourism ambition

Ethiopia gets serious about boosting its tourism industry

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Is Brazil facing a housing bubble?

Soaring property prices in Brazil fuel bubble fears

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Why it pays to be lucky in investing

Is investing really just a game of chance?

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Morrisons cuts core product prices

Struggling supermarket Morrisons announces it will cut prices by as much as 17% on some products, in a bid to win back customers.