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President-elect Donald Trump's threats to retaliate against US companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs. Trump laid down the gauntlet on Thursday at a campaign-style rally after striking a deal with Carrier to keep about 1,100 jobs in Indiana in exchange for $7 million in state tax incentives over 10 years. "Companies are not going to leave the United States any more without consequences.
Italians went to the polls Sunday in a constitutional referendum on which reformist Prime Minister Matteo Renzi has staked his future. If the centre-left Renzi's proposals to streamline a 68-year-old parliamentary system are voted down, he has vowed to resign. The most apocalyptic scenarios involve a crisis of investor confidence causing the failure of a rescue scheme for Italy's most indebted banks, triggering a broader crisis across the eurozone.
BAGHDAD (AP) — A senior Iraqi government official says authorities are sending food, heating oil and drinking water to civilians in areas retaken from the Islamic State group in and around the northern city of Mosul.