Apple to face new antitrust charges in Brussels

The tech giant will be accused of violating EU law in running Apple Pay. The company will receive large fines of up to 10% of global turnover if the charges are upheld.

The claims against Apple relate to NFC or "near field communication" technology. Under the current system, Apple does not allow third parties to process payments through this payment system, claiming that it would violate the security and privacy of its users.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

Currency pairs rise in price on the Moscow Exchange

The euro adds nearly 3% to the ruble. However, it is worth noting: the ruble exchange rate on the Moscow Exchange is very volatile. Today's rise in the currency does not necessarily mean a trend reversal.

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