Opening Bell: iPhone sales fall, EU tax harmony, VW's $15bn payout

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The number of iPhones sold in the last three months has dropped for the third quarter in a row.

45.5 million devices were bought in the year to the end of September. Mac, Apple Watch, and iPad sales all fell.

Annual revenue at Apple has also gone down for the first time since 2001, the year when the iPod was launched.

The company sought to allay investor concerns by highlighting growth across is services including Apple Music, iCloud, and its app store.

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A court in the United States has approved Volkswagen's $15bn dollar settlement package for almost half a million American customers over the diesel emissions scandal.

Under the deal, the owners of 475,000 VWs and Audis, with qualifying diesel engines, can now formally request the company buys back their vehicle.

They can also claim up to $10,000 dollars in compensation. European drivers will be offered repairs - not payouts.

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The European Commission has put forward a set of proposed reforms dubbed the Common Consolidated Corporate Tax Base (CCCTB), which it says will serve as a 'powerful tool' against tax avoidance.

The measures will have "a significant impact on a small economy such as Ireland as they would see a major reallocation of taxable profit and erode the benefit of our low 12.5pc tax rate," Grant Thornton told the Irish Independent.

The new scheme would offer businesses incentives such as R&D tax credits - the Commission argues that they would increase the EU's overall growth rate by 1.2%, and add 3.4% to the total level of investment across the Union.

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Your family could be spending €1,2000 extra on health insurance, if you don't shop around.

That's the message in a study from totalhealthcover.ie.

The company says factors like complacency and fear are some of the reasons why people aren't making more savings.

Over 2.1 million people across the country have health insurance.