Apple is engaged in last-minute negotiations with EU regulators to amend its App Store policies and avoid escalating fines following a €500 million penalty for violating the Digital Markets Act. The company is expected to offer concessions on its “steering” provisions and address its “Core Technology Fee,” while the European Commission is evaluating compliance ahead of the looming deadline.
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Impact of Iran-Israel conflict on oil could last for years
The oil market remains cautious amid the ongoing Israel-Iran conflict, with minimal supply disruptions and Brent crude prices only rising about $10. However, potential medium-term risks include political upheaval in Iran that could severely impact oil production, coinciding with reduced spare capacity in Opec+ and stagnating US output, potentially leading to higher prices in the future. Need More Context? 🔎
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