• EU loses big Starbucks tax case, wins on Fiat

      EU loses big Starbucks tax case, wins on Fiat

      An EU court on Tuesday annulled an order by Brussels that Starbucks pay €30m euros to the Netherlands, saying regulators had failed to demonstrate it received illegal state aid. In a separate decision, however, the same court said Fiat must pay roughly the same amount to Luxembourg, upholding a similar EU order from 2015, AFP reports. The cases can now be appealed at the EU's highest court, the European Court of Justice.

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    • Apple takes its €13bn tax fight with the EU to court

      Apple takes its €13bn tax fight with the EU to court

      Apple challenged a €13bn tax charge from the European Commission in the EU’s second-highest court on Tuesday, escalating the landmark tax fight between the iPhone maker and EU regulator. According to a company's statement, the bloc's order obliging it to pay €13bn in back taxes to Ireland "defies reality and common sense."

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    • 46,000 GM auto workers strike in US

      46,000 GM auto workers strike in US

      The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse. The move to strike, which the Wall Street Journal described as the first major stoppage at GM in more than a decade, came after the manufacturer's four-year contract with workers expired without an agreement on a replacement.

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    • 50 US states announce antitrust probe of Google

      50 US states announce antitrust probe of Google

      The backlash against Big Tech moved into a new phase Monday as officials from nearly all US states announced an antitrust investigation into the dominance of internet giant Google. The announcement from 50 attorneys general calls for a probe into whether Google abused its power in the online ecosystem at the expense of rivals or consumers.

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    • BP exits Alaska in $5.6bn deal

      BP exits Alaska in $5.6bn deal

      British oil giant BP announced Tuesday it will sell all of its Alaska operations for $5.6bn, exiting the state after 60 years to help meet divestment goals. The local firm Hilcorp Alaska will acquire the BP assets, including operations in the mammoth Prudhoe Bay oilfield, BP said in a statement.

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    • J&J to pay $572m for opioid addiction crisis

      J&J to pay $572m for opioid addiction crisis

      An Oklahoma judge on Monday ordered US health care giant Johnson & Johnson to pay $572m in damages for its role in fostering the state's opioid addiction crisis. In the first civil trial of a drugmaker over an epidemic that has caused hundreds of thousands of overdose deaths, Judge Thad Balkman said prosecutors had demonstrated that J&J contributed to a "public nuisance" in its deceptive promotion of highly addictive prescription painkillers.

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    • Apple, Samsung sued over handset RF emissions

      Apple, Samsung sued over handset RF emissions

      Apple and Samsung have been hit with a class-action lawsuit over claims that their phones expose users to radio frequency emissions up to 500 percent beyond the limits "set forth by the Federal Communications Commission (FCC)," the website Apple Insider reported on Saturday.

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    • Audi to join Mercedes, BMW development alliance

      Audi to join Mercedes, BMW development alliance

      Audi is set to join an alliance with rivals Daimler and BMW to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday. According to the newspaper, Audi, a unit of Volkswagen will announce the alliance at the Frankfurt auto show in early September.

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