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Apple's iPhone 7 more expensive to make: IHS Markit

Apple is spending more to manufacture its iPhone 7 smartphone than predecessor iPhone 6S due to features such as a bigger battery and larger storage capacity, according to a teardown by IHS Markit Ltd.

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Austrian economy to grow less than 1 pct in 2014: institutes

​Two leading Austrian research institutes have stated in their latest economic forecasts Thursday they expect Austrian GDP growth for the year to only amount to 0.8 percent on the back of a deterioration in the economy.