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Foxconn to buy Microsoft feature phones for $350mn

  Washington / Bloomberg Microsoft Corp. agreed to sell its feature phone business to FIH Mobile Ltd. and HMD Global for $350 million, exiting a business that once dominated the mobile market under the Nokia name before Apple Inc.’s iPhone. FIH, part of Foxconn Technology Group, will also acquire a manufacturing facility in Hanoi, Microsoft said in a statement on ...

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Currency wars, fiscal stimulus rift in focus at G7 meeting

  Tokyo / AFP Finance ministers and central bankers from the G7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy. The group — including US Treasury Secretary Jacob Lew and European Central Bank President Mario Draghi — converge at a hot spring ...

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Rights group recounts IS atrocities in Libya’s Sirte

  CAIRO/ AP A leading international rights group on Wednesday released a report documenting atrocities by Libya’s IS affiliate — including instances of “crucifixions” and shooting a man to death for “cursing God” — in the coastal city of Sirte, a stronghold of the militants. Human Rights Watch recounts “scenes of horror” that followed the city’s seizure by IS militants ...

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