The charges stem from the companies' handling of the Apple credit card, which was launched in 2019 and allowed customers to finance Apple purchases
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Goldman Sachs has reduced its forecast for the likelihood of a US recession within the next 12 months to 15 per cent
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In 2024-25, Goldman Sachs expects capex to provide a positive impulse, while welfare spending will likely remain a drag
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The adjustment comes as the global financial institution anticipates sustained growth momentum and increased fiscal space due to a higher-than-expected dividend transfer from the Reserve Bank of India (RBI)
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