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SAP is one the world's largest software firms and has a 65,000-strong workforce

German software giant SAP to hire people with autism

Wednesday, May 22, 2013

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German software giant SAP has said it intended to employ hundreds of people globally with autism as software testers and programmers over the next seven years.

Portugal pushes ahead with sweeping job cuts

Mon, May 6, 2013

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A demonstration in Lisbon on April 15, 2013 against Troika representatives

Portugal on Monday pushed ahead with deeply unpopular plans to slash 30,000 public sector jobs by launching talks with unions as part of a sweeping savings package to satisfy international creditors.

ADB faces funding crunch, warns India

Sat, May 4, 2013

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The registration and accreditation counter at the venue for the ADB 46th Annual Meeting, east of New Delhi, May 2, 2013

The Asian Development Bank is facing a funding crunch as the multilateral lending agency seeks to reduce widespread poverty in emerging market nations and boost infrastructure, India warned Saturday.

BNP Paribas posts profit slump

Fri, May 3, 2013

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BNP Paribas has undergone a major restructuring to meet capitalisation rules

The biggest French bank, BNP Paribas, on Friday said net profit slid by 44.8 percent in the first quarter hit by poor investment bank revenue and a sluggish economy in Europe.

JP Morgan Chase faces federal regulatory action: report

Fri, May 3, 2013

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JP Morgan has denied wrongdoing, insisting the trading in question was legal

JP Morgan Chase faces federal regulatory action over a scheme which manipulated energy prices in two US states, the New York Times reported Friday.

Asian shares rise after ECB rate cut

Fri, May 3, 2013

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A trader walks the floor of the Hong Kong Stock Exchange as share prices are flashed above on January 2, 2013

Asian markets mostly rose on Friday, aided by a European Central Bank interest rate cut aimed at stimulating growth in the sluggish eurozone and a positive US jobless claims report.

‘In the house’: Investment guru Buffett joins Twitter

Thu, May 2, 2013

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Billionaire Warren Buffett is pictured June 5, 2012

Investment guru and mega-billionaire Warren Buffett took a new plunge Thursday: He sent his first message on Twitter — and within a short time had more more than 100,000 followers.

IMF approves $932 mn loan for Jamaica

Wed, May 1, 2013

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The sign on the headquarters of the International Monetary Fund is seen June 5, 2011, in Washington, DC

The International Monetary Fund’s executive board approved a $932 million loan program Monday for Jamaica aimed at helping the government begin cutting its borrowings and spark economic growth.

Cyprus MPs narrowly approve EU-IMF bailout deal

Tue, Apr 30, 2013

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Cypriot supporters of left-wing political parties protest outside the parliament in Nicosia on April 30, 2013

The Cypriot parliament narrowly approved on Tuesday a controversial 10-billion-euro ($13 billion) bailout deal agreed with international lenders to stave off bankruptcy for the eurozone member.

UBS sees net profit slip, but beats expectations

Tue, Apr 30, 2013

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UBS is Switzerland's largest bank and its headquarters are based in Zurich

Swiss banking giant UBS reported Tuesday a slight drop in its first quarter net profit, but nonetheless easily beat market expectations due to an influx of fresh cash.

Spain economy shrinks 0.5% in first quarter 2013

Tue, Apr 30, 2013

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Spanish Prime Minister Mariano Rajoy gestures during a joint press conference in Granada on April 28, 2013

Spain’s economy shrank 0.5 percent in the first quarter of 2013, official data showed, as a job-destroying recession gripped the struggling nation.

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