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Dominance, data, disinformation: Europe's fight with Big Tech
Dominance, data, disinformation: Europe's fight with Big Tech
Technology
by  AFP

The European Union warned Apple on Monday that its App Store is breaching its digital competition rules, placing the iPhone maker at risk of billions of dollars in fines. In one of the most notorious cases, the European Commission in 2016 ordered Apple to pay Ireland more than a decade in back taxes -- 13 billion euros -- after ruling a sweetheart deal with the government was illegal.

UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro
UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro
Business and Economy
by  AFP

Chemical maker Covestro said Monday that it entered "concrete negotiations" with Emirati national energy firm ADNOC after the German group received a takeover offer worth nearly 12 billion euros ($12.8 billion). It said the "starting point" for talks was a "possible offer price" of 62 euros per share from ADNOC. This would value Covestro at 11.72 billion euros, according to an AFP calculation.