Spain's Watchdog Expands Probe into Apple Over App Store Pricing
The wider probe will examine whether the tech giant set pricing schedules at its App Store, abusing its dominant position, the CNMC said in a statement.
Apple has denied the allegations since the CNMC launched its investigation a year ago.
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Al Arabiya
5 hours ago
- Al Arabiya
European Union assumes its faces 15% tariffs in the US from Friday. But a key text still isn't ready
The European Union is working on the assumption that the US will impose a 15 percent tariff on most EU exports from Friday even though the two sides have yet to complete a key document clarifying how the agreement will operate. Last weekend US President Donald Trump and European Commission President Ursula von der Leyen reached a political agreement that would see 15 percent duties imposed on around two-thirds of EU produce worth around 380 billion euros (434 billion). The tariffs are set to enter force on Friday, but as of Thursday, the two sides were still working on a joint statement that would lay out the terms of their understanding, European Commission spokesman Olof Gill said. The document wouldn't be legally binding. 'It is the clear understanding of the European Union that the US will implement the agreed across the board tariff ceiling of 15 percent,' Gill said. The commission negotiates trade terms on behalf of the EU's 27 member countries. Carve-outs were agreed for a range of strategic goods like aircraft and aircraft parts, certain chemicals, some drug generics, or natural resources. Gill said that 'it is also our clear understanding that the US will implement the exemptions to the 15 percent ceiling.' 'The US has made these commitments. Now it's up to the US to implement them. The ball is in their court,' Gill said. European wine and spirits won't escape the 15 percent levy on Friday, but may do later as negotiations on additional exemptions to the new tariff regime continue, he said. Before Sunday's meeting, Trump had threatened the bloc with 30 percent tariffs, which the EU's top trade official said would effectively mean the end of trade between them. Over the last three months, the commission drew up retaliatory measures worth tens of billions of euros to enact should the talks fail. Those countermeasures are due to take effect on Aug. 7, but Gill said that if everything goes as expected, they would be frozen. 'If we have reached a deal, we don't need the retaliatory tariffs,' he said.
Arab News
7 hours ago
- Arab News
Pakistan gets offers in 100,000 metric tons white sugar tender, traders say
HAMBURG: The lowest price offered in the international tender to buy 100,000 metric tons of white refined sugar from Pakistan on Thursday was believed to be $539.00 a metric ton cost and freight included, European traders said in initial assessments. Offers in the tender from the state trading agency Trading Corporation of Pakistan (TCP) are still being considered and no purchase has yet been reported, they said. The TCP can negotiate for some time in tenders before deciding whether to purchase. Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
Al Arabiya
8 hours ago
- Al Arabiya
Italy's opposition warns against SpaceX citing national security risks
Italy's main opposition Democratic Party (PD) has warned Giorgia Meloni's ruling coalition against involving Elon Musk's SpaceX in the update of a satellite program, parliamentary documents show, saying the move would pose national security risks. A lower house defense committee approved this week a government proposal which includes replacing an old satellite system, named SICRAL, with a new one. The system, first launched in 2001, has been developed by Telespazio and Thales Alenia Space, two joint ventures between Italy's aerospace and defense group Leonardo and France's Thales. The PD asked the government to make clear that SpaceX would not be called in to help launch the SICRAL 3 satellite into orbit. Defense Undersecretary Isabella Rauti said the administration would assess its options, but SpaceX was the most advanced company available on the market. 'We only want Italian or European companies to be involved in a security matter such as SICRAL,' PD lawmaker and defense committee member Stefano Graziano told Reuters. His party abstained from the vote. Italy's opposition parties have repeatedly urged the government to prevent Musk and his companies from becoming involved in national security matters, amid concerns over the influence he wields through his Starlink satellite service. Europe has been rushing to find viable alternatives to SpaceX's low orbit satellites for communications and intelligence while launching platforms to ensure independent access to space, as pan-European projects still lag behind. Musk, a friend of Prime Minister Meloni, held talks with Italian officials over a potential telecommunications contract, but discussions stalled earlier this year amid mounting political controversy. 'The deployment of the SICRAL 3 satellite addresses the need to strengthen national connectivity and provide Italy with strategic independence in long-range communications,' Rauti told Reuters. SpaceX did not immediately respond to an emailed request for comment on this story. The SICRAL system uses geostationary satellites for confidential strategic and tactical communications, to support defense missions both in Italy and abroad. The Italian government will invest a total 767 million euros ($878 million) through 2028 in the program, the documents show. Rauti said the new satellite would be launched by the first half of 2027.
