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The Irish loophole behind Apple's low tax bill

LONDON - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

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Families edging out private equity in consumer deals

LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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UK's OFT examines Barclays' takeover of ING Direct

LONDON | Tue Nov 6, 2012 7:28am EST

LONDON (Reuters) - Britain's Office of Fair Trading on Tuesday said it would scrutinize Barclays' (BARC.L) planned takeover of Dutch rival ING's British retail banking business to make sure it would not restrict competition.

The OFT, a consumer watchdog, said parties with comments about how the deal might affect competition should submit them by November 20.

Barclays said it had agreed to take over ING Direct on October 9.

(Reporting by Myles Neligan)
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