Economy of France: GK, General Studies and Current Affairs

France imposes fine on Apple for anti-competitive behaviour

The competition authority of France recently slapped a record 1.1 billion euro (equivalent to $1.2 billion) fine on US tech major Apple. The fine was imposed for the firm’s anti-competitive behaviour towards its independent retail distributors. The country’s authority announced that it found Apple prevented independent retailers in France from competing on price and allegedly used ..

$3.2-bn loss reported by Areva, the French nuclear giant

Areva, the France’s State-controlled nuclear giant reported to have lost around €2.4 billion ($3.2 billion) in 2011. This was much on the back of a troubled uranium mining venture that has been the subject of investigation. The gloomy figures exhibit a tough year for Areva which is also confronting a global reconsideration of the future ..