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Google to pay millions to South African news outlets: watchdog
Google to pay millions to South African news outlets: watchdog
by  AFP

Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday. In February, the Competition Commission had recommended that Google pay up to $27 million a year for five years, following a 16-month investigation that found Google searches favoured international news over local outlets.

UK economic gloom deepens before budget
UK economic gloom deepens before budget
by  AFP

Britain's economy slowed in the third quarter, official data showed Thursday, dealing another blow to the Labour government ahead of its annual budget. The growth figure comes after official data this week showed UK unemployment rising more than expected to 5.0 percent in the third quarter, ahead of the November 26 budget.

Burberry narrows first half loss on turnaround plan
Burberry narrows first half loss on turnaround plan
by  AFP

Burberry said Thursday it narrowed losses in its first half thanks to the British luxury fashion label's turnaround plan begun a year ago. Nevertheless, the group announced Thursday that sales fell five percent to £1.0 billion in its first half. bcp/ajb/jh

In Kyrgyzstan, world's largest natural walnut forest thins away
In Kyrgyzstan, world's largest natural walnut forest thins away
by  AFP

Rustling through fallen golden leaves, locals in a forest outside Arslanbob in the Kyrgyz mountains were scurrying for walnuts -- an ancient pastime and economic lifeline for the region. Locals are trying to address the problem, including by seeding millions of trees in the Arslanbob forest nursery.

Striking Boeing defense workers to vote on latest contract
Striking Boeing defense workers to vote on latest contract
by  AFP

More than 3,000 striking Boeing defense workers will vote Thursday on a revised contract proposal that comes closer to their demands. The offer replaces the prior proposal of a $3,000 signing bonus plus $3,000 in restricted stock.

Stocks stutter with focus on Fed, tech after US reopen vote
Stocks stutter with focus on Fed, tech after US reopen vote
by  AFP

Asian markets trod water Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble worries. The currency has come under pressure following dovish comments from Japan's central bank that tempered best on another interest rate hike and as the US moved towards reopening its government.