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In a 'Statement of Objections' The EU Commission warns Apple that it's App Store is abusing its dominant position

In a Statement of Objections The EU Commission warns Apple that it s App Store is abusing its dominant position

Earlier this week, news out of Europe stated that the EU would issue charges against Apple later this week over concerns that the rules it sets for developers on the App Store breaks EU law. Today, the EU Commissioner issued Apple a formal Statement of Objections which is a warning prior to delivering a formal conclusion with charges.

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 fr ....

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EU fines Bank of America Merrill Lynch, C. Agricole, Credit Suisse 28.5 mln euros

By Reuters Staff
1 Min Read
BRUSSELS, April 28 (Reuters) - EU antitrust regulators on Wednesday fined Bank of America Merrill Lynch, Credit Agricole and Credit Suisse a total of 28.5 million euros ($34.4 million) for taking part in a bond cartel.
Deutsche Bank was not penalised because it alerted the cartel to the European Commission.
The EU competition watchdog said the cartel was operated in the European secondary trading market related to supra-sovereign, sovereign and agency (SSA) bonds denominated in U.S. dollars.
$1 = 0.8284 euros Reporting by Foo Yun Chee ....

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China market regulator will step up inspection in major anti-monopoly cases

By Reuters Staff
1 Min Read
BEIJING, April 15 (Reuters) - An official of China’s market regulator said on Thursday that the authority will step up inspection in major anti-monopoly cases in accordance with the law, state news agency Xinhua reported.
The regulator will further enhance supervision ability to protect interests of consumers, said Liu Weijun, head of the Department of Certification Regulation at the State Administration for Market Regulation (SAMR). (Reporting by Beijing newsroom; Editing by Toby Chopra) ....

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French defence group Thales to sell signalling business -sources

3 Min Read
PARIS (Reuters) -Thales is putting its rail signalling business up for sale in a potential deal worth 1.5 billion euros or more ($1.8 billion) as the French defence and aerospace group seeks to streamline operations, people close to the matter said.
FILE PHOTO: The logo of French defence and electronics group Thales is seen at the company s headquarters in Merignac near Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau
Thales, partially owned by the French state, makes equipment ranging from anti-jamming devices for fighter jets to airliner navigation beacons, and investors have often questioned the diversity of its portfolio of assets.
Proceeds from the divestiture would help bolster Thales’ finances after the COVID-19 crisis dented sales and profits last year. ....

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Mexico's anti-trust watchdog files Supreme Court case against electricity reforms

By Reuters Staff
1 Min Read
MEXICO CITY, April 22 (Reuters) - Mexico’s antitrust authority on Thursday said it had filed a dispute in the Supreme Court against the government’s electricity reforms.
The Federal Economic Competition Commission (COFECE) said some of the changes proposed by Andres Manuel Lopez Obrador’s government prevent competition in the sector.
“It breaks the rule of open and non-discriminatory access to distribution and transmission networks, which reduces the ability to compete for certain generators and traders,” Cofece said in a statement. (Reporting by Adriana Barera; Writing by Drazen Jorgic; Editing by Frank Jack Daniel) ....

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