Europe just delivered multi-billion dollar blows to Apple and Google ...Middle East

By Hanna Ziady, CNN London (CNN) — Apple has lost its fight to dodge a €13 billion ($14.4 billion) tax bill following a ruling by Europe’s top court Tuesday, suffering a blow just a day after the iPhone maker unveiled a host of new products to boost sales. The European Court of Justice also upheld a €2.4 billion ($2.6 billion) antitrust fine against Google, in a separate decision, delivering a double whammy to two of the world’s most powerful tech companies. In the ruling against Apple (AAPL), the ECJ upheld a 2016 decision by the European Commission, which found that Ireland had granted Apple unlawful state aid that it was required to recover. According to estimates by the European U

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