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By Michael Gold and Yimou Lee SHENZHEN, China (Reuters) - Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc supplier faces declining revenue growth and rising wages in China. Under its flagship unit Hon Hai Precision Industry Co Ltd , the group currently employs about 1.3 million people during peak production times, making it one of the largest private employers in the world. Revenue growth at the conglomerate tumbled to 1.3 percent in 2013 and only partially recovered to 6.5 percent last year after a long string of double-digit increases from 2003 to 2012.
US President Barack Obama urged India to promote religious tolerance and do more to combat global warming Tuesday as he wrapped up a visit aimed at forging a new friendship between the world's largest democracies. Speaking to an audience of mainly young people, Obama said the United States could be India's "best partner" but put pressure on his hosts over a range of political and social issues, including women's rights. The US president also said their countries could forge "one of the defining partnerships of this century," even as he warned the war against climate change would not "stand a chance" without India. The speech was the finale of a packed visit which has seen a dramatic upturn in an often troubled relationship, including the signing of a new "friendship" pact between Obama and Prime Minister Narendra Modi.