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(MENAFN - AFP) Tablet computer sales fell in the second quarter of 2015, with market leaders Apple and Samsung losing ground to other vendors, a survey showed Wednesday.

The survey by IDC said tablet sales fell in the April-June period, marking a third consecutive quarter of declining year-over-year sales.

Total tablet sales were 44.7 million units, down seven percent ...

 
(MENAFN - AFP) French and German arms manufacturers Nexter and KMW on Wednesday sealed a tie-up to create a European tank-making giant that hopes to become a leader in the international market.

After 10 years of discussions and a year of intensive negotiations, often overshadowed by reservations from the German side, the deal was inked at the defence ministry in Paris.

France's ...

 
(MENAFN - AFP) The economy of Latin America and the Caribbean will grow just 0.5 percent this year, half the previous forecast and the lowest level in six years, the United Nations said Wednesday.

This is due mainly to major economic contractions expected in Brazil and Venezuela, said the Economic Commission for Latin America and the Caribbean, a UN agency based in Chile. ...

 
(MENAFN - AFP) Egypt said on Wednesday that the "new Suez Canal" was ready for navigation for all kinds of ships, as authorities geared up to launch the shipping route officially next month.

Dubbed the Suez Canal Axis, the new 72-kilometre (45-mile) section built by the Egyptian army is aimed at speeding up traffic along the existing waterway by reducing the waiting period, ...

 
(MENAFN - AFP) Austrian oil and gas firm OMV said Wednesday it has given up its licences to explore for oil and gas in Croatia's Adriatic, where border disputes risked complicating pursuit of the project.

"A consortium formed of (Houston-based) Marathon Oil and OMV decided to return its licences since general economic conditions for a long-term investment have not been met," ...

 
(MENAFN - AFP) The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.

The ECB executive board acted in the week when experts from the bank, the EU and International Monetary Fund returned to Athens to discuss a new bailout of up to 86 billion euros ($95 billion) ...

 
(MENAFN - AFP) Europe's main stock markets closed higher Wednesday, as traders reacted to a batch of strong company earnings updates ahead of the Federal Reserve's latest policy statement.

London's benchmark FTSE 100 index ended the day 1.16 percent ahead at 6,631 points compared with Tuesday's close.

The CAC 40 in Paris finished 0.81 percent higher at 5,017.44 points, ...

 
(MENAFN - AFP) Thousands of migrants are trying to cross the Channel from France in search of a better life in Britain -- but what makes them risk their lives travelling from one wealthy European country to another

The answer is partly down to the allure of living in a country where many of them speak the language, English, and where they might have family or cultural connections, ...

 
(MENAFN - AFP) Designer Alexander Wang will be leaving the Balenciaga house nearly three years after he became one of the rare Americans to run an old-school French couture house, according to fashion magazine WWD.

Women's Wear Daily, a leading fashion publication, reported that Balenciaga and its holding company Kering had decided not to renew Wang's contract and his last ...

 
(MENAFN - AFP) Twitter shares fell hard Wednesday after the latest update from the one-to-many messaging platform revived doubts about its growth prospects.

In early trades, Twitter was down 13 percent at $31.82, the lowest level in over a year.

Twitter on Tuesday reported that it lost $137 million in the recently ended quarter on revenue that jumped 61 percent to more ...

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