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Apple, Google, and Meta Face Potential Billion-Dollar Fines From European Commission Over Market Violations

The EU probes tech giants Apple, Google, and Meta under Digital Markets Act for potential violations to curb market dominance. Apple recently fined $2B.

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Apple's New iPhone 13 Available In Stores

Apple Terminates Epic Games' Developer Account Twice, Sparking EU Investigation

Epic Games CEO Tim Sweeney said it was Apple's way of retaliating against antitrust lobbying, prompting an EU investigation and a possible billion-dollar fine for Apple.

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Apple Fined $2 Billion by EU for App Store Monopoly Following 5-Year Probe

Apple Fined $2 Billion by EU for App Store Monopoly Following 5-Year Probe

EU fines Apple $2B for favoring its music streaming service over competitors on the App Store, marking the first antitrust penalty against the tech giant. Apple plans to appeal.

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Apple's Restriction on Web Apps Questioned by European Commission

The European Commission asserts that the new functionality will negatively impact the functionality and accessibility of iOS web apps, prompting investigations into compliance with the Digital Markets Act.

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EU To Scrutinize Czech Telecomm

O2 CZ/CETIN and T-Mobile CZ is now under investigation by the European Commission on Tuesday. European Commission is to investigate whether the mobile telecoms network-sharing deal between the two major telecommunications company restricts competition in the Czech Republic.

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Cities & Regions Embraces New VAT Rules

The European Commision has been alarmed with rising problems on fraud and fragmentation. Realizing the need to relax VAT rules, they made an action upon it.

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EU Resumed Investigation on Halliburton and Baker Hughes Deal

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

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Three Promised to Surpass Coverage Requirement After Acquisition of O2

CK Hutchison promise to extend coverage in the UK. European Commission are currently investigating whether to approve the acquisition or not.

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EU grills Google, Apple, other US firms over tax issues

European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.

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Cheaper Chinese imports, sluggish demand force Tata Steel to slash 1,050 jobs in UK

India-based Tata Steel is reducing manpower by 1,050 in the UK operations. Tata Steel is among other steel producers suffering from falling steel prices and cheaper imports from China. The UK steel industry is urging European Commission to take necessary action against unfair trade imports.

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Qualcomm requires Three-Year stake holding before nominating for proxy

Qualcomm Inc. altered its proxy process requiring shareholders to have their stake in the company for at least three years before nominating people for the board.

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Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017

The ongoing recession in Greek economy after long-lasting uncertainty is projected to end in 2016 and may witness real growth in 2017, according to European Commission (EC). The unsuccessful conclusion of second adjustment program of bailout package continued and worsened the economic recession in the ailing Greece economy further weakened the recovery prospects in the first half of 2015.

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European Commission Rules Starbucks' and Fiat's Tax Deals with Dutch and Luxembourg Tax Authorities Illegal - Ordering Both Companies To Pay Millions of Euro in Back Taxes

The European Commission ruled on Wednesday that Starbucks Corp and Fiat Chrysler Automobiles benefited from illegal tax deals with the Dutch and Luxembourg authorities, sending shock waves to MNCs who have been using such profit-shielding tax deals in the past.

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Greece economy will rise by the middle of 2016

By the middle of next year, Greece will go back to its economic growth only if the government will give importance and devoted attempt to reacquire financial strength.

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Greek stock market reopens to huge losses after five-week shutdown, hopes to recover with upcoming bailout

The first two days of Greek market activity saw nothing but bloody reds as the Athens Stock Exchange witness massive selloffs from foreign investors unrestricted by current capital controls that limit withdrawals from local banks to a measly €60.

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