Receive Breaking News updates as they occur
US Treasury Secretary Jacob Lew on Wednesday reiterated the Obama administration's frustration with European authorities over their decision this week to impose back taxes on Apple. The European Commission this week said Apple, the world's most valuable company, owed Ireland $14.5 billion because Dublin had offered the iPhone maker illegal and unfair tax arrangements. "Our concern with the European Commission action is that it is using a state-aide theory to make tax law and it is doing it in a way that is retroactive and that overrides national tax law authority," Lew said following a speech in Washington on this weekend's G20 summit in China.
Washington (AFP) - Russia's claim that it killed Islamic State group spokesman and top strategist Abu Mohamed al-Adnani is a "joke," and the strike was conducted by a US Predator drone, American officials said Wednesday.