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Ireland To Appeal EU Ruling On Apple Back Taxes
Ireland is not excited at the news it should be receiving $14.4 billion in unexpected tax revenues. The country has indicated that it will appeal Apple Inc.’s (NASDAQ:AAPL) record tax clawback in the EU General Court in Luxembourg.... More of this article »
Duke Energy Divesting Its Brazilian Business
Duke Energy Corp. (NYSE:DUK) has announced plans to sell its Brazilian unit for about $1.2 billion, including debt, to clean energy company China Three Gorges Corp. Duke currently owns 2,090 megawatts (MW) of power generation facilities... More of this article »
Ford Small Car Production Moving To Mexico
Ford Motor Company (NYSE:F) has made an announcement that the company is moving all North American production of small cars from U.S. to Mexico. Ford’s CEO Mark Fields said in a meeting in Dearborn, Michigan, “Over the... More of this article »
Duke Energy No Longer Part Of Norway’s Wealth Fund Portfolio
Duke Energy Corp.’s (NYSE:DUK) environmental record has caused Norway’s sovereign-wealth fund to say it would no longer invest in the Charlotte, N.C.-based utility. In addition to the parent company, the fund also banned investment... More of this article »
Volkswagen Facing Consolidation Of Collective-action Lawsuits In EU
Collective-action lawsuits against Volkswagen AG (VLKAY) over emissions rigging may be consolidated for up to 20 EU states by the European Commission, the European Union’s executive arm. Volkswagen admitted a year ago that it had... More of this article »
Dilma Rousseff Appears Before Brazil Senate Over Impeachment
President Dilma Rousseff faced the Brazilian Senate Monday to answer questions during her impeachment trial. Rousseff is accused of doctoring accounts to hide a budget shortfall ahead of her re-election in 2014. Rousseff was also the... More of this article »
Apple Facing Billions In European Back Taxes
The European Commission is expected to levy a judgment against Apple (NASDAQ:AAPL) in the next few months on whether Apple’s tax dealings in Ireland violate European rules. The commission is accusing Apple of striking a sweetheart... More of this article »
Wal-Mart Opens Investigation Into Welspun India
Wal-Mart (NYSE:WMT) has announced that it is reviewing the products and records of Welspun India after a scandal emerged alleging the company was selling linens with incorrect certifications. The supplier has been accused of selling... More of this article »
Syngenta Deal With ChemChina One Step Closer To Completion
The state-owned China National Chemical Corporation, known as ChemChina, announced Monday that it had received clearance for its $43 billion acquisition of Syngenta (NYSE:SYT) from the Committee on Foreign Investment in the United... More of this article »
China’s New Cyber Rules Worry Foreign Businesses
A cyber security law that could be passed this year in China contains provisions for invasive government security reviews and onerous requirements to keep data in the country. The proposed cyber security law and separate rules for... More of this article »
OPEC Talks On Oil Output Freeze Expected Next Month
There is a good chance that OPEC will revive talks on freezing oil output levels when it meets non-OPEC nations next month. A previous attempt to freeze output at January levels collapsed in April. OPEC members will meet between Sept.... More of this article »
Delta Air Lines Upends Travelers’ Plans For Third Straight Day
Delta Air Lines Inc. (NYSE:DAL) is still suffering from the aftermath of its service outage on Monday, upending thousands of travelers’ plans for the third day in a row. After a power outage hit its computer systems, Delta lost... More of this article »
Boeing To Supply Iran With Passenger Planes
Reports have emerged that Iran has reached a deal with Boeing (NYSE:BA) to buy passenger planes to replace its aging civilian air fleet. The announcement reveals that IranAir would acquire more than 100 Boeing jets under the multi-billion-dollar... More of this article »
Bad Behavior Leads To Booze Ban For U.S. Sailors In Japan
Bad behavior by U.S. Navy sailors in Japan has led to all 19,000 personnel assigned to U.S. Navy bases in Japan being banned from drinking alcohol and restricted to their base for the foreseeable future. According to a statement released... More of this article »
Workers Removing Temple’s Tigers Make Grisly Discovery
Over the past week, officials with Thailand’s Department of National Parks, Wildlife and Plant Conservation (DNP) have been working to remove more than 100 adult tigers from a Buddhist temple to shelters elsewhere. The Wat Pa... More of this article »
United Arab Emirates Acquits Americans Of Militant Support Charges
Libyan-American businessmen Kamal Eldarat, 59, and his son, Mohamed Eldarat, 34, have been acquitted of charges in the United Arab Emirates that they supported militants in Libya. The verdict was handed down on Monday in the UAE’s... More of this article »
Health Experts Mixed On Zika Danger At Rio Olympics
Some health experts are calling for this summer’s Olympic Games to be postponed or moved from Rio de Janeiro due to the ongoing Zika virus outbreak in Brazil, but other health experts disagree that the move is necessary. Zika... More of this article »
Idomeni Tent City Refugees Removed By Greek Authorities
Greece’s largest informal refugee camp, near the northern Greek village of Idomeni, is being cleared of refugees by Greek authorities. Idomeni is a small village near the border with Macedonia that became the most-used crossing... More of this article »
ISIS Claims Responsibility For Bombs Which Claimed Nearly 150 Lives in Syria
A series of well-coordinated attacks sent explosions through two government strongholds in Syria, killing at least 78 people. The explosions claimed casualties in the coastal cities of Tartous and Jabla while two more attacks—more... More of this article »
Jesuit Refugee Service Announces Education Cannot Wait Fund
In the new Jesuit Refugee Service (JRS) report—titled: “Providing Hope, Investing in the Future: Education in Emergencies & Protracted Crises”—the agency confirms that education should be regarded as a life-saving intervention... More of this article »
Thailand To Close Popular—and Overcrowded, Damaged—Tourist Beach
Thailand has long been a popular tourist destination for its tropical climate, rich history, and exotic culture. While some of the country’s reputation among the tourism industry may be somewhat controversial there is a new controversy... More of this article »
Opioid Abuse vs Opioid Need: A Global Injustice
It is no big secret that prescription painkillers—opioid—use is a major problem in the United States. While these powerful narcotics are important—and necessary—for many people who have chronic pain, the are widely abused... More of this article »
World Powers Meet to End Conflict In Syria Once and For All
Government officials across the globe have recently met to develop a plan to restore the disintegrating truce in Syria and institute, at the very least, a cease fire. Tension has been building in the country, and the International... More of this article »