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Divided Irish cabinet to meet on whether to fight EU on Apple tax

Ireland's fragile coalition government will try on Friday to overcome cabinet divisions on whether to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker. Finance Minister Michael Noonan has insisted Dublin would fight any adverse ruling ever since the European Union began investigating the U.S. tech giant's Irish tax affairs in 2014.

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Divided Irish cabinet to meet on whether to fight EU on Apple tax

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Solid U.S. employment gains expected in August; jobless rate seen falling

U.S. employment growth likely moderated in August after two straight months of hefty gains, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 percent. The Labor Department will release its closely watched employment report on Friday and readings in line with expectations would reinforce views that the economy has regained speed after almost stalling in the first half of the year

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Solid U.S. employment gains expected in August; jobless rate seen falling

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U.S. jobless claims hit 14-month high; analysts blame Verizon strike

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the overall labor market…

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U.S. jobless claims hit 14-month high; analysts blame Verizon strike

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Chevron slashes jobs and spending to weather low oil prices

Chevron Corp is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices. A more than 55 percent decline in crude oil since last year has rippled through the global energy industry, forcing producers and their suppliers to make tough decisions. For Chevron, that means cutting its budget by 25 percent next year by spending less in Australia, Angola and the U.S. Gulf …

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Chevron slashes jobs and spending to weather low oil prices

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Weak U.S. data clouds December rate hike possibility

U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases. The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year

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Weak U.S. data clouds December rate hike possibility