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Antitrust: Commission sends Statement of Objections to Apple on App Store rules for music streaming providers | EU Commission Press

4 hours ago
The European Commission has informed Apple of its preliminary view that it distorted competition in the music streaming market as it abused its dominant position for the distribution of music streaming apps through its App Store. The Commission takes issue with the mandatory use of Apple’s own in-app purchase mechanism imposed on music streaming app developers to distribute their apps via Apple’s App Store. The Commission is also concerned that Apple applies certain restrictions on app developers preventing them from informing iPhone and iPad users of alternative, cheaper purchasing possibilities.
The Statement of Objections concerns the application of these rules to all music streaming apps, which compete with Apple’s music streaming app “Apple Music” in the European Economic Area (EEA). It follows-up on a complaint by Spotify. ....

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Failure of EDF reform would hit its share of the French power market - CEO

By Reuters Staff
3 Min Read
PARIS, May 3 (Reuters) - Energy group EDF’s share of the French power market is at risk of plummeting if a restructuring plan to improve its financing situation does not go ahead, its chief executive said in a letter to unions.
Under the terms of the plan, which faces strong opposition from unions who fear it could lead to job cuts, France hopes to place state-run EDF’s debt-laden and capital-hungry nuclear business into a holding company that would be fully state owned.
The holding company would control a separate entity housing the more lucrative parts of the business, such as renewable energy, and free of its liabilities. Investors would be invited to acquire up to 30% of that unit. ....

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Poland fines Portuguese firm for misleading 'patriotic' Polish shoppers

By Reuters Staff
2 Min Read
WARSAW, April 26 (Reuters) - Poland’s consumer watchdog fined Portuguese retail group Jeronimo Martins more than 60 million zlotys ($16 million) for labelling fruit and vegetables as grown in Poland when they were imported, it said on Monday.
The regulator UOKiK said consumers who made “patriotic” choices had been misled, at a time when the government has been encouraging Poles to buy Polish products to support the economy during the coronavirus crisis.
Jeronimo Martins, the owner of the Biedronka supermarket chain, said it would appeal the decision, saying it had “serious reservations” about the evidence gathered by the regulator. ....

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Apple hit with EU antitrust charge over App Store practices

4 Min Read
BRUSSELS (Reuters) -EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding with Spotify in a case that could lead to a hefty fine and changes in the iPhone maker’s lucrative business practices.
The preliminary findings are the first time Brussels has levelled anti-competitive charges against Apple, although the two sides have had bruising clashes in the past, most notably a multibillion-dollar tax dispute involving Ireland.
Apple, Spotify and other parties can now respond. If the case is pursued, the EU could demand concessions and potentially impose a fine of up to 10% of Apple’s global turnover - as much as $27 billion, although it rarely levies the maximum penalty. ....

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Poland's PKN says its takeover of newspaper publisher is binding

The takeover of Polish newspapers publisher Polska Press by state-run refiner PKN Orlen is legally binding despite a court's decision to suspend the regulator's approval of the deal, PKN chief financial officer said on Thursday. ....

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