Apple Defends Tax Practices, Says System Outdated

May 21 (Bloomberg) -- Apple CEO Tim Cook will face off against U.S. senators leveling accusations that iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes. David Ingles reports on Bloomberg Television's "First Up." (Source: Bloomberg)

Saudi Group Signs Deal to End Biggest Mideast Default
11:18 - Simon Charlton, chief executive officer of Ahmad Hamad Algosaibi & Brothers, discusses reaching an agreement with creditors to restructure $6B of debt. He speaks to Yousef Gamal El-Din and Angie Lau on "Bloomberg Markets Middle East." (Source: Bloomberg)
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