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Spain Halts Fines on Apple, Amazon Amid Appeal Process

FILE PHOTO: The Apple logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan

In a recent development, Spain's high court has decided to suspend the hefty fines imposed on tech giants Apple and Amazon. The fines amount to a staggering $209 million and were imposed by Spain's antitrust watchdog, the National Commission for Markets and Competition (CNMC), for alleged unfair practices.

This decision comes as both Apple and Amazon have filed appeals against the fines, arguing that the penalties are unjustified and that they have not engaged in any anti-competitive behavior. The high court's decision to suspend the fines indicates that there may be merit to their claims, prompting further examination of the case.

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