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(MENAFN - AFP) A replica of a majestic 18th century tall ship that brought French General Lafayette to America arrived in New York Wednesday to take part in July 4 Independence Day festivities.

The original three-masted Hermione brought the general to America to rally US rebels fighting for independence from Britain.

To much fanfare and applause, the ship docked at ...

(MENAFN - AFP) US auto sales maintained a steady pace of growth in June and consumers were opening their wallets for more expensive models and upgrades, industry data showed Wednesday.

"We just wrapped up the US auto industry's best six months in a decade, driven by strong demand for pickups and crossovers," said Kurt McNeil, head of sales at General Motors.

"People ...

(MENAFN - AFP) The IMF will rule "in the coming weeks" on Greece's request for a rare extension on the debt payment it missed, a source close to the matter told AFP Wednesday.

Athens had asked for the extension on Tuesday hours before the 1.5 billion euro ($1.7 billion) payment was due, but the executive board of the International Monetary Fund did not rule on it and Greece ...

(MENAFN - AFP) Swiss insurer Ace Ltd. announced Wednesday it is buying US rival Chubb in a $28.3 billion cash and stock deal that will create a dominant player in property and casualty insurance.

The boards of directors of both companies unanimously approved the deal, they said. The accord would create a giant with shareholder equity of nearly $46 billion and cash, investments ...

(MENAFN - AFP) No matter what the political outcome of the current Greek debt crisis, in practical terms Greece will find it very difficult to turn its back on the euro.

On Sunday the Greek nation goes to the polls in what European leaders say is effectively a vote on whether or not to stay in the eurozone.

While a 'no' vote would not definitely mean the end of Greece's ...

(MENAFN - AFP) Deutsche Bank's new chief, John Cryan, said Wednesday that he intends to take until the autumn to consider how to tackle the current challenges facing Germany's biggest lender.

Without calling into question his predecessors' strategy, which he himself approved as member of Deutsche Bank's supervisory board, the 54-year old Briton said he felt it "right to ...

(MENAFN - AFP) Gas giant Gazprom on Wednesday halted gas supplies to Ukraine after Kiev said it was suspending purchases of Russian energy in the latest row between Moscow and its war-torn ex-Soviet neighbour.

The dispute comes against the backdrop of ruptured relations between Moscow and Kiev over the conflict in eastern Ukraine, in which Russia denies directly supporting ...

(MENAFN - AFP) In the marketplaces and at the school gates of downtown Monrovia, Liberians spoke Wednesday of their dread over the return of Ebola after the first case in three months emerged.

Health authorities said on Tuesday a teenager had died after becoming infected by the deadly tropical virus, seven weeks after the west African nation was declared Ebola-free.

Buckets ...

(MENAFN - AFP) German national rail operator, Deutsche Bahn, said Wednesday it has finally reached a deal with the train drivers' union GDL, putting an end to a long-running dispute that has caused months of chaos and misery for rail passengers around the country.

"Mediation between Deutsche Bahn and GDL has been successfully concluded. Both sides have agreed to the mediators' ...

(MENAFN - AFP) In chaotic scenes, thousands of elderly Greeks on Wednesday besieged the nation's crisis-hit banks, which reopened to allow them to withdraw vital cash from their state pensions.

"Let them go to hell!" shouted one pensioner, after failed talks between Athens and international creditors sparked a week-long banking shutdown.

Prime Minister Alexis Tsipras ...

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