Tag Archives: World economy

19Dec/16
Apple offices in Cork, Ireland

Apple and Ireland appeal EU tax ruling

Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law, and deliberately picked a method to maximize the penalty. Sonia Legg reports
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30Aug/16
EU antitrust regulators

Apple slapped with up to 13 billion euro tax bill

EU antitrust regulators order Apple to pay up to 13 billion euros in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
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03Jan/16

A review of how African economies performed in the second half of 2015

African growth was at its weakest in six years and analysts warned that things could get worse if the global economy continues to struggle. The IMF reported that the continent was likely to grow 3.75 percent this year and 4.25 percent next, a big drop from the years before and after the 2008/2009 financial crisis. China’s investment slowdown, and low commodity prices affected support to growth.

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09Oct/15

Africa’s GDP growth to slow to 3.7 pct this year, World Bank

Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year from 4.6 percent in 2014, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank has said in its latest Africa pulse report.

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