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Added on the 14/07/2022 16:07:05 - Copyright : Euronews EN
Speaking at the launch of a keenly awaited report, former head of the European Central Bank Mario Draghi warns that the EU faces "existential" challenges as it tries to deliver on its founding values while also tackling issues relating to climate and growth. SOUNDBITE
The EU dishes out a 337.5 million euro ($366 million) fine to Mondelez, the US confectioner formerly known as Kraft behind major brands including Toblerone and Oreo, for restricting sales of products within the 27-country bloc. The giant "illegally restricted retailers from sourcing these products from member states where prices are lower" explains European Commission VP Margrethe Vestage, "and this allowed Mondelez to maintain higher prices." SOUNDBITE
The EU has hit Apple with a 1.8-billion-euro fine ($1.9 billion) for violating the bloc's laws by preventing music streaming services from informing users about subscription options outside of its App Store. "Apple did so by restricting app developers' ability to inform users of Apple devices about alternative cheaper options to purchase music available on the internet outside of the Apple ecosystem," commission vice-president Margrethe Vestager says in a statement. SOUNDBITE
French Finance Minister Bruno Le Maire proposes the creation of a European savings product with willing EU states, in order to mobilize private capital for growth. SOUNDBITE
European leaders arrive for an Extraordinary European Summit on aid to Ukraine in Brussels, with French President Emmanuel Macron, German Chancellor Olaf Scholz and European Commission President Ursula von der Leyen among the arrivals. IMAGES
European ministers from the 27 Member States are meeting in Luxembourg for an ECOFIN meeting. On the agenda: taxation and VAT, financial services, and the economic and financial impact of Russia's aggression against Ukraine. IMAGES
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