Apple still in the hot seat… The European Commission has announced the opening of two investigations into the Apple Pay payment system and the App Store online store, believing that the practices of the US group could infringe EU competition rules.

...So is Amazon. Amazon.com boss Jeff Bezos is reportedly in favor of a hearing before US parliamentarians this summer about his group's dominant position.

New investigation. The Federal Communications Commission (FCC) has launched an investigation into a network outage that affected T-Mobile US customers in the United States.

Lufthansa cutting into its workforce. Lufthansa confirmed that it will cut 22,000 full-time positions, half of them in Germany. About 5,000 positions will be slashed from the flight operations, including 600 pilots, 2,600 flight crew and 1,500 ground staff. The German company is losing around €1 million per hour, it announced in April.

Green light. Tiffany announced Tuesday that it has received new regulatory approvals for its acquisition by LVMH and said it expects to close the merger in mid-2020.

Kinnevik drops Zalando. Kinnevik will divest 4.2% of Zalando, about one-sixth of its 26% stake. The shares are trading between EUR 57.40 and EUR 58.40 (vs. a closing price of EUR 59.43 yesterday, after a 36% rise in 2020).

The LSE takes risks. According to good sources, the London Stock Exchange has not offered any concessions to the European Commission in connection with the Refinitiv takeover, which should lead to an in-depth investigation. Most analysts were anticipating a "phase 2" antitrust move of this $27 billion deal anyway, which would strengthen the LSE's grip on financial content.

Tesla's buying from Glencore. The Financial Times has learned that Tesla has signed an agreement with Glencore to supply cobalt to the Shanghai plant and the future Berlin plant.

In other news. Facebook offers payment via WhatsApp in Brazil, Eli Lilly announced positive results in a Phase III study of its breast cancer treatment Verzenio. Lennar released Monday a better than expected quarterly profit and annual forecast. Embraer's debt falls into speculative grade at S&P. Six former eBay employees face justice for a cyber harassment campaign against a publication critical of the company. Jaguar Land Rover will cut around 1,100 temporary jobs, announced its parent company Tata Motors, in an attempt to save £1bn over a full year. Chesapeake Energy is expected to file for bankruptcy protection this week, according to several sources obtained by Reuters.