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Euro Watch: Why was Apple hit with a landmark $2 billion fine from the EU?
The European Union has imposed a S$2.6 billion fine on Apple for violating its competition laws this week. This marks the bloc's first-ever antitrust penalty against the US tech giant, as well as the start of a new era where trust-busters can be quicker and more efficient in policing Silicon Valley’s biggest companies. What is their secret weapon? Should Big Tech be worried? In the UK, British chancellor Jeremy Hunt rolled the pre-election dice yesterday, delivering a budget full of measures ahead of a nationwide battle for Downing Street later this year. How might the Spring Budget 2024…
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