Saudi Arabia is using its oil wealth to invest huge sums in other countries, trying to diversify its own economy. Critics are concerned that all that financial power abroad could…
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Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
by Julien Rayby Julien RayMicrosoft Corp (NASDAQ:MSFT) on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for…