Market News Briefing – Aug 30th 2016 14:10 (GMT+1)

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Apple’s value is expected to be cut by 10 billion after the the European Commission ruled that tax haven of consumer electronics giant in Ireland is illegal, and ordered the company to pay retroactive taxes amounting Ireland 13 billion euros (14.5 billion dollars).
The stock drops by 1.7% in trading before the opening day on Wall Street.

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