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Amnesty: Mexico's Poverty Figures Staggering

Mexico's enormous and worsening poverty figures underscore that authorities have not made fighting it a top priority, Amnesty International charged Tuesday.

The government this week reported that the number of Mexicans living in poverty rose from 52.8 million in 2010 to 53.3 million in 2012 -- representing almost half the population of 112 million.

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Spanish Recession Eases in Second Quarter

Spain's recession eased in the second quarter, official data showed on Tuesday, raising hopes the eurozone's fourth largest economy may finally be on the road to recovery.

Gross domestic product shrank by 0.1 percent in the three months ending June as booming exports helped to offset weak domestic demand, compared to a 0.5 percent contraction in the first quarter, data from the national statistics institute showed.

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Deutsche Bank Says Profits Halved on Legal Provisions

Deutsche Bank, Germany's biggest bank, said on Tuesday its net profits were halved in the second quarter, as it made massive provisions to meet litigation costs.

The bank's net profits fell to 335 million euros ($444 million) for the three months ending June, down from 666 million in the second quarter last year.

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French Hunt for Taxes Sends Many Scurrying to Switzerland

France's rush to tax nationals who inherit from Swiss residents will backfire by spurring many wealthy Frenchmen to move to Switzerland, taking their tax euros with them, observers say.

France "has shot itself in the foot, several times," Claudine Schmid, a French parliamentarian of the rightwing UMP party, told Agence France Presse Monday.

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Wagner Fest Seeks New Audiences with 'Pocket' Operas

Mini versions of Richard Wagner's best-known works are on offer in Bayreuth this year for those who baulk at the prospect of sitting through operas lasting five hours and more.

While Wagnerians from all over the world traipse up to Festspielhaus theatre built to the composer's own designs on the town's Green Hill, children and opera novices can get a taste for his music in slimmed-down arrangements of two of his greatest masterpieces.

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Australia: Global Organised Crime as Big as a G20 Nation

Organised crime is so big globally that were it a country, it would be part of the G20 group of major economies, the Australian government said Tuesday.

Releasing the Australian Crime Commission's biennial report on the issue, Home Affairs Minister Jason Clare said organised crime had boomed and grown more complex with the advent of the Internet.

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Iran to Take Chinese Subway Cars for Oil

A senior Iranian official announced the country has ordered 315 subway cars from China in place of payment for oil that can't be transferred due to sanctions.

Amir Jafarpour, who is deputy head of the Transportation and Fuel Management Committee, said officials were forced to order the coaches because billions of dollars of payments from crude oil exports to China have not been transferred to Iran because of sanctions.

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3 Consortiums Win Saudi Metro Contracts Worth $22.5 Bn

Saudi Arabia has granted three foreign consortiums contracts worth $22.5 billion (16.9 billion euros) to build a Riyadh metro, the kingdom announced at a news conference in the capital late Sunday.

The consortiums are led by U.S., Spanish and Italian firms.

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Kuwait's Zain Telecom Q2 Profits Dive on Sudan Currency

Kuwait telecom giant Zain's net profits dived 14.0 percent in the second quarter of 2013, the company said on Monday, blaming currency fluctuations from its unit in Sudan.

The company posted a net profit of 70.9 million dinars ($248.8 million) in the April to June period of 2013, compared to 61 million ($214 million) in the corresponding period of last year, a statement said.

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France's Essilor Pays $1.73 bn for Two Sun Lens Firms

Essilor, the world's biggest maker of corrective eye lenses, on Monday said it has signed a deal to buy US group Transitions Optical and Italian manufacturer Intercast, for $1.73 billion (1.30 billion euros).

Transitions Optical posted sales of $814 million in 2012 and is a specialist in photochromic lenses, which darken automatically when exposed to certain types of light.

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