Watchdogs take a swipe at Apple Pay
Why complaints about Apple’s walled garden are multiplying
THERE IS NOT yet an app to keep track of the growing number of antitrust complaints against Apple. But perhaps there should be. On May 2nd the European Commission, the EU’s executive arm, added another to the pile. Following an investigation begun in 2020, it sent the smartphone-maker a “statement of objections”, saying that, in the commission’s view, Apple is abusing its power in the market for smartphone payments.
This article appeared in the Finance & economics section of the print edition under the headline “Tap dance”
Finance & economics May 7th 2022
- The Fed’s balance-sheet is about to shrink. Wall Street is not ready
- China’s erratic policies are terrifying investors
- India begins the privatisation of its huge life-insurance company
- Russia’s economy is back on its feet
- Watchdogs take a swipe at Apple Pay
- Will an ever feebler currency save or sink Japan’s economy?
- Desperate Lebanese depositors are taking their banks to court
- Who wins from carnage in the credit markets?
From the May 7th 2022 edition
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