US-EU economic relations in for stormy weather

European authorities' decision to force Apple to pay $14.5bn in taxes to Ireland infuriated officials in Washington and is still ruffling feathersWith spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European economic relations. European authorities' decision in late August to force the American giant Apple to pay $14.5 billion in taxes to Ireland infuriated officials in Washington and is still ruffling feathers. US Treasury Secretary Jacob Lew has repeatedly expressed his astonishment and openly accused the Europeans of "disproportionately" focusing on US corporations.


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Ex-IMF boss Rato on trial over bankers’ luxury sprees

Former IMF head and former Spanish economy minister Rodrigo Rato (L) will stand trial with 65 other former executives and board members at Caja Madrid and BankiaFormer IMF chief Rodrigo Rato stands trial Monday accused of overseeing a "corrupt system" that helped him and other executives misuse funds on hotels, parties and luxury shopping when he was a Spanish bank boss. Uncovered in 2013 by a journalist who saw a hacked email alluding to "black credit cards," the case threatens to land the former economy minister and onetime star of the ruling conservative Popular Party (PP) in jail and with a hefty fine. It is also another thorn in the PP's side after repeated failed attempts to form a government following two inconclusive elections, due to a lack of support that is in large part due to corruption scandals sullying the party.


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China, Cuba agree to deepen ties during PM Li’s Havana visit

Cuba's President Raul Castro (R) shakes hands with Chinese Premier Li Keqiang during their meeting at Havana's Revolution Palace, CubaChinese Prime Minister Li Keqiang met with Cuban President Raul Castro on Saturday during a two-day trip to Havana, and the two leaders oversaw the signing of around 30 agreements on economic cooperation in various sectors, Cuban state media reported. Li is the first Chinese premier to visit Cuba since the two countries established diplomatic relations 56 years ago, although President Xi Jinping visited in 2014. China is Cuba's second largest trading partner after Venezuela.


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An overlooked water resource

'Green water,' or water absorbed by soil and plants and then released back into the air, makes up 61.1 percent of all precipitation, and it's underutilized. 

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Five tips for avoiding online shopping scams

While shopping online is convenient, it can also make you an easy mark for scammers.

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How immigration helps the US economy: Report

Researchers found little evidence that immigration significantly affects the overall employment levels of native-born workers.

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