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By Tess Little LONDON (Reuters) - Hundreds of thousands of public sector workers including teachers, council workers and firefighters staged a 24-hour pay strike on Thursday in a stoppage that has prompted Prime Minister David Cameron to pledge a crackdown on union powers. Protesters marched through the streets of many of Britain's main cities in one of the biggest co-ordinated labor stoppages for three years. Denouncing what they called "poverty pay," they demanded an end to restrictions on wage rises that have been imposed by the government over the past four years in an effort to help reduce Britain's huge budget deficit. A giant pair of inflatable scissors, carried by members of the National Union of Teachers (NUT), read "Education cuts never heal." Firefighter Simon Amos, 47, marched wearing his uniform behind a flashing fire engine parading members of the Fire Brigades Union (FBU).
By Karen Freifeld NEW YORK (Reuters) - Germany's second-biggest bank Commerzbank AG is expected to pay $600 million to $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. Other U.S. authorities, including the Department of Justice, the Treasury Department, the Federal Reserve and the Manhattan District Attorney, are also involved in the talks. The German bank is the latest bank to enter into settlement negotiations with U.S. authorities. French lender BNP Paribas SA struck a record-breaking $8.9 billion deal last week to resolve investigations into violations of sanctions and related misconduct involving Sudan, Iran and Cuba.