BRUSSELS: Apple risks billions of euros in fines after the European Union on Monday accused the iPhone maker of violating the bloc’s landmark digital rules by hindering competition on its App Store.

FRANKFURT: Germany’s Covestro said on Monday it was stepping up talks with ADNOC after the Emirati energy company made an improved 11.7 billion euro ($12.5 billion) takeover bid following more than a year of pursuing the chemicals firm.

FRANKFURT: German business sentiment unexpectedly fell in June, a key survey showed Monday, pouring cold water on hopes Europe’s biggest economy is on course for a strong rebound.

HONG KONG: Shein confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as the online fast-fashion retailer moves ahead with what could one of the largest IPOs globally this year.

WASHINGTON: US Treasury Secretary Janet Yellen was expected to announce $100 million in new financing to increase the supply of affordable housing, the Treasury department said in a statement.

NEW YORK: The problems with Citigroup’s so-called living will, which details how it would be unwound in the event of bankruptcy, are manageable but could be bothersome for its executives, according to JPMorgan.

MUMBAI: Indians bought a record 500,000 metric tons of sunflower oil for June delivery, as competition between leading suppliers Russia and Ukraine made it cheaper than soyoil and palm oil, two leading buyers and a customs official told Reuters.

KUWAIT: The US Consumer Price Index was unchanged in May 2024 on a seasonally adjusted basis after rising 0.3 percent in April. Over the past 12 months, the all-items index increased by 3.3 percent before seasonal adjustment.

KUWAIT: Value investing involves selecting stocks listed in the public markets trading at a price below their fair or intrinsic value.