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Indian-born Satya Nadella is only the third CEO in company's 39-year history, following Bill Gates and Steve Ballmer.
Deal worth $7.2bn to give US-based software company access to Finnish mobile-phone maker's patents and devices.
Software firm's shares jump almost nine percent after its chief executive announced his retirement in 12 months time.
Steven Sinofsky departs only weeks after company launched Windows 8, an overhaul of its computer operating system.
The world's largest software company has not suffered a quarterly loss since going public in 1986.
The world's largest software company plans to spend more than $100m on marketing in bid to compete with Apple's iPhone.
Decision follows rejection of its attempt to raise offer price to $33 per share.
Software company threatens to go to Yahoo's shareholders if offer is not accepted.
Software company threatens to go to Yahoo's shareholders if offer is not accepted.
Featured on Al Jazeera
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
 
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Three years since the start of the uprising, nine million people have been displaced by fighting.
An in-depth look at Egypt's ongoing political crisis.