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Industrial equipment maker Siemens to ax 7,800 jobs in cost-cutting drive

FRANKFURT, Germany – Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses. Munich-based Siemens said in a statement Friday that 3,300 of the job losses will be in Germany. Siemens CEO Joe …

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Germany: Top-level talks to organize summit on Ukraine peace to resume in Minsk

BERLIN – Germany’s Foreign Ministry says talks between senior officials from Germany, France, Russia and Ukraine to pave the way for a summit of leaders in Minsk will resume in the Belarusian capital. The ministry says that officials from the four countries will meet again in Minsk Tuesday evening, following …

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French official: Egypt to buy 24 Rafale jet fighters for 5.2B euros; jets' first foreign sale

PARIS – A French official says Egypt has agreed to buy 24 Rafale jets as part of a 5.2 billion-euro (US$5.93 billion) defense deal, marking the first foreign sale of the French-made fighters. The official said French Defense Minister Jean-Yves Le Drian was expected to travel to Cairo on Monday …

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