EU competition laws – TheNewsay https://thenewsay.com Sun, 18 Feb 2024 17:27:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://i0.wp.com/thenewsay.com/wp-content/uploads/2024/02/cropped-TheNewSay-Favicon.png?fit=32%2C32&ssl=1 EU competition laws – TheNewsay https://thenewsay.com 32 32 230920947 EU Set to Levy $539 Million Fine on Apple for Violating Competition Laws: Report https://thenewsay.com/eu-set-to-levy-usd-539-million-fine-on-apple/ https://thenewsay.com/eu-set-to-levy-usd-539-million-fine-on-apple/#respond Sun, 18 Feb 2024 17:21:39 +0000 https://thenewsay.com/?p=4993 EU Set to Levy USD 539 Million Fine on Apple for Violating Competition Laws: Report – According to sources not named in the Financial Times on Sunday, the European Union intends to impose a fine of around 500 million euros (approximately $539 million) on Apple for allegedly violating EU competition laws.

EU Set to Levy USD 539 Million Fine on Apple for Violating Competition Laws: Report

The FT mentioned that the fine is likely to be announced in the early part of next month.

The European Commission, which accused Apple last year of distorting competition in the music streaming market by enforcing App Store rules preventing developers from informing users about other purchasing options, refrained from commenting on the FT report.

Apple has not yet responded to a request for comment outside of regular office hours.

(Except for the headline, this story has not been edited by TheNewsay staff and is published from a syndicated feed.)

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