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European Union watchdogs fined Apple and Meta hundreds of millions of euros Wednesday as they stepped up enforcement of the 27-nation bloc’s digital competition rules. The European Commission imposed a 500 million euro (US$571 million) fine on Apple for preventing app makers from pointing users to cheaper options outside its App Store. The commission, which…
London — European Union watchdogs fined Apple and Meta hundreds of millions of euros Wednesday as they stepped up enforcement of the 27-nation bloc’s digital competition rules. The European Commission imposed a 500 million euro ($571 million) fine on Apple for preventing app makers from pointing users to cheaper options outside its App Store. The commission,…
Apple and Meta have been fined €570 million and €228 million respectively by the European Union for breaching the bloc’s Digital Markets Act, which regulates dominant tech firms and aims to ensure fair competition. The European Commission, the EU’s executive body, imposed the fines after separate investigations concluded that both tech companies engaged in anti-competitive practices…
US President Donald Trump’s renewed push to bring microchip manufacturing back to America faces stiff resistance from decades of Asian dominance, as industry experts warn that tariffs, labour shortages, and a lack of long-term investment could undermine the effort. Trump’s plan to revive chip production in the United States, centred around tariffs and incentives, seeks…
Apple users are being urged to update their devices after the company was hit by an ‘extremely sophisticated attack’. The tech giant said the hack was used against ‘specific targeted individuals’ but shared no further details. Instead, it is urging millions of iPhone, iPad, Mac and other iOS users to download a new security patch…
Amazon, Meta, Alphabet, Netflix, Apple and Microsoft – collectively dubbed the “Silicon Six” – are accused of avoiding almost $278bn (£211bn) in US corporate income tax over the past decade, according to new analysis from the Fair Tax Foundation (FTF). The six tech giants reportedly paid an average corporate income tax rate of 18.8% over…
Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e’s launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday. WHY IT’S IMPORTANT Counterpoint expects the smartphone market to decline this year, due to economic uncertainty and…
Shares in Asian tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China. Shares in Foxconn, Apple’s largest iPhone assembler, gained around 4% in Monday morning trade, with contract laptop maker…
Trump exempts smartphones, computers from most tariffs, a relief for corporate giants – CBS News Watch CBS News President Trump retreated a bit in his trade war with China on Friday, exempting smartphones, computers and other electronics from the hefty tariffs. The move is a relief for companies like Apple and consumers who are concerned…
Listen to article Apple has flown roughly 600 tonnes of iPhones from India to the United States over recent weeks in a race to outmanoeuvre President Donald Trump’s escalating tariffs on Chinese imports, sources familiar with the matter told Reuters. The airlift, equivalent to about 1.5 million iPhones, marks one of the company’s most aggressive moves yet…
