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Summary: equipment maker Ericsson ERIC reported that its second quarter operating earnings were up 47 at 6 9 billion Swedish Krona and sales rose 7 4 to 52 1 billion Swedish Krona The Munich based Ifo Institute for Economic Research said its business climate indicator for Germany rose to 87 3 in July from 85 9 in June The index came in better than the reading of 86 5

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