BRUSSELS : Apple Inc will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines.The hearing, which senior Eur
BRUSSELS : Apple Inc will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines.
The hearing, which senior European Commission and national competition officials, Apple executives and complainants will attend, comes nine months after the EU competition watchdog accused the company of abusing its market power. The EU antitrust watchdog has said Apple's anti-competitive practices dated back to 2015 when Apple Pay was launched.
The Commission declined to comment. Apple referred to its statement last year which said that Apple Pay is only one of many options available to European consumers and which has ensured equal access to its tap and go technology Near-Field Communication . The company could face fines of up to 10 per cent of its global turnover if found guilty of antitrust violations. It is also the target of EU charges of abusing its dominance in the music streaming market in a case triggered by a complaint by Spotify. There is no EU decision yet on that case.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P warns of possible economic blow, hit to Japan Inc from BOJ rate hikeTOKYO : A future Bank of Japan (BOJ) interest rate hike could affect the country's sovereign debt rating if firms struggle to absorb rising funding costs, an official at S&P Global Ratings said on Thursday.Higher borrowing costs could also lead to a downturn in long-term economic growth, S&P said.J
Read more »
Stories you might’ve missed, Feb 8 - Singapore NewsHere are the top stories published today...
Read more »
Morning Briefing: Top stories from The Straits Times on Feb 9You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Read more at straitstimes.com.
Read more »
Morning Digest, Feb 9 - Singapore NewsHere are the top stories you might've missed...
Read more »
Singapore to scrap all COVID-19 border measures from Feb 13From Feb 13, non-vaccinated travellers entering Singapore will no longer be required to take a pre-departure test.
Read more »
Public warning system sirens to sound on Feb 15 in support of Total Defence DayThe islandwide network of public warning system sirens will sound the “important message” signal on Feb 15 in support of Total Defence Day. In a Facebook post on Thursday, the Singapore Civil Defence Force (SCDF) said that the sirens will go off at...
Read more »