EU - Page 11

EU Central Bank Set to Outdo U.S. Fed with Interest Rate Hike

FRANKFURT, Germany (AP) – The European Central Bank is set for another large interest rate increase to fight painfully high inflation even after the U.S. Federal Reserve slowed its pace, a divergence that underlines Europe’s later start and could speed the euro’s rebound from recent lows against the dollar.

ECB Euro Sculpture Sign In Wintry Weather

App Store War: Spotify Calls Apple ‘Harmful,’ ‘Anti-Competitive’ in Letter to EU Commissioner

Spotify and eight other app developers and associations have sent a letter to Margrethe Vestager, the executive vice president of the EU Commission, urging her to take legal action against Apple’s app distribution methods. The letter states that “Apple benefits from a monopoly position over its mobile ecosystem and extracts exorbitant rents from app developers who have no choice but to remain on the App Store to reach European consumers.”

Apple CEO Tim Cook waves as he arrives for the Economic Summit held for the China Developm