European Union finds Apple in breach of competition rules, faces potential fines

The European Commission has launched an investigation into Apple's compliance with the Digital Markets Act, a new set of regulations aimed at promoting competition and preventing dominant technology companies from abusing their market power. According to preliminary findings, Apple is accused of breaching the law by restricting app developers from informing users about cheaper options outside its App Store. This restriction allegedly prevents consumers from accessing alternative apps or services that may offer better deals. The European Commission has given Apple 12 months to comply with the regulations before facing potential fines of up to 10% of its global revenues. This is the first time EU regulators have used the new rules against a tech giant, and it marks a significant escalation in the ongoing battle between Brussels and US technology companies over digital competition issues.