Based on its preliminary findings, the European Commission accuses Apple of violating the EU's competition law by blocking its competitors from accessing the technology used for the Apple Pay service, and threatens to fine the company up to 10% of its global revenue. (BBC News)
American bank Citigroup says that the flash crash that affected several European stock markets yesterday was caused by an error from one of its traders. (BBC News)
The European Parliament votes in favour of an election law overhaul, to be confirmed and possibly amended by the European Council, that will create a 28-seat pan-EU constituency and introduce elections of the President of the European Commission by popular vote. The reform will also create the European Electoral Authority, introduce postal voting for all EU residents, lower the minimum age of candidates to 18 and fix elections on Europe Day, May 9. (Euractiv)