Wall Street bank raises US economy alarm

The United States will probably enter a recession if oil prices continue to soar and surpass $200 a barrel, Goldman Sachs chief economist Jan Hatzius said on Thursday. “We estimate that it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated…

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EU reopens Apple ‘tax-dodging’ case

The lawsuit is part of the bloc’s antitrust crackdown on so-called ‘sweetheart’ deals for multinationals An EU tribunal made legal errors when it ruled in favor of US tech giant Apple in a €13 billion ($14 billion) tax case, an adviser to the bloc’s top court stated on Thursday, as reported by Reuters.

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Hungary reveals cost of anti-Russia sanctions

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