Which European country recently imposed a record 1.1 billion euro fine on tech-firm Apple for its anti-competitive behavior?

Umair Latif
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  • A. Germany
  • B. France
  • C. Italy
  • D. Spain

Correct Answer: B. France

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 on the firm’s anti-competitive behavior 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 its economic power on them

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When United Arab Emirates established new Ministry of Investment to boost economic competitiveness?

  • A. 3 July 2023
  • B. 4 July 2023
  • C. 9 July 2023
  • D. 8 July 2023

Correct Answer: B. 4 July 2023

The United Arab Emirates (UAE) has announced the establishment of a new Ministry of Investment, which is aimed at developing the investment vision of the country and enhancing its competitiveness in the global market. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, chaired the UAE Cabinet meeting, where the decision was made. Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, the UAE Cabinet approved the establishment of the Ministry of Investment and appointed Mohamed Hassan Al Suwaidi as the minister.

Recently, the European Union has proposed to impose sanctions against officials of which country?

  • A. India
  • B. USA
  • C. China
  • D. Russia

Correct Answer: D. Russia

In a move against the poisoning of Russian opposition leader Alexei Navalny, the European Union has decided to impose targeted sanctions against Russian entities and officials, who are allegedly involved in the poisoning act.

When Saudi Arabia and other Opec+ oil producers announced further oil output cuts of around 1.16 million barrels per day (bpd)?

  • A. April 2, 2023
  • B. April 5, 2023
  • C. April 9, 2023
  • D. April 6, 2023

Correct Answer: A. April 2, 2023

Saudi Arabia and other Opec+ oil producers announced further oil output cuts of around 1.16 million barrels per day (bpd) on April 2, 2023, in a surprise move that analysts said would cause an immediate rise in price and the United States called inadvisable. The pledges bring the total volume of cuts by Opec+, which groups the Organisation of Petroleum Exporting Countries with Russia and other allies, to 3.66 million bpd, equal to 3.7 percent of global demand.

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