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German industrial orders leap in June
German industrial orders leap in June
by  AFP

German industrial orders jumped in June for the second month in a row on the back of major contracts despite the downturn dragging on Europe's top economy, official data released Friday showed. New orders, closely watched as a predictor of future industrial activity, rose by 7.0 percent month-on-month after 6.2 percent in May, federal statistics agency Destatis said.

China says it will remove tariffs on Australian barley
China says it will remove tariffs on Australian barley
by  AFP

China said Friday it will remove extra tariffs on Australian barley, in the latest thawing of ties between the two after years of tensions. But their icy relations appear to have thawed since Australia's centre-left government adopted a less confrontational approach to China following its election a year ago.

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