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Apple’s conspiracy fine of $1.2bn is fair enough

The temptation with antitrust cases — especially involving a company as high-profile as Apple Inc – is to identify an ulterior motive. Why have the authorities attacked this particular target? Why is the fine so big? Surely there’s a hidden agenda at work, with broader implications. Sometimes, though, it’s as simple as a firm breaking the rules and getting caught. ...

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Stocks, not a bargain yet

When it comes to the US stock market, this is not yet the historic buying opportunity some investors have been waiting for. Contrary to their reputation for weak stomachs, ordinary investors appear to be hanging on to their stocks, judging by the chatter online and continuing net positive flows to exchange-traded funds favoured by long-term stock investors. But after a ...

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Macron, Merkel’s ‘war’ on Covid-19 will bite

Europe is increasingly determined to pull out all stops to fight the coronavirus crisis. French President Emmanuel Macron declared “war” on Covid-19 with a raft of measures to keep citizens in lock-down mode, including a ban on non-essential travel, just a few days after ordering business closures and shutting schools. Germany’s Angela Merkel rolled out similar “drastic” moves to shut ...

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