SYDNEY—Commonwealth Bank of Australia accused Apple Inc. on Thursday of uncompetitive behavior over control of payments on its phones, which have grown to about a third of all in-person payments the country’s largest lender processes. Matt Comyn, chief executive at the Sydney-based bank, urged lawmakers to boost scrutiny of technology giants, saying payments through digital…
Australia’s Commonwealth Bank Mocks Apple’s ‘Pro-Competition’ Claim
Apple, Google Raise New Concerns by Yanking Russian App
September 22, 2021
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BERKELEY, Calif.—Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business. But when Apple and Google capitulated to Russian demands and removed a political-opposition app from their local app stores, it raised worries that two of the world’s most successful companies are…
Regulators Not up to Speed on Banks’ Digital Marketplaces, EU Watchdog Says
September 21, 2021
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LONDON—Regulators have little understanding of risks from banks creating digital marketplaces with tech companies and a framework is needed to spot potential contagion if things go wrong, the European Union’s banking watchdog said on Tuesday. The European Banking Authority’s warning is the latest sign that financial regulators are starting to pay more attention to Big…
‘World’s Lightest’ Baby, Born the Weight of an Apple, Goes Home After 13 Months in Hospital
A baby girl born in Singapore weighing the same as an apple is believed to be the world’s lightest baby to survive a premature birth and be discharged healthy. She finally headed home with her grateful parents after 13 months of fighting for her life in the hospital. Kwek Yu Xuan was born at 24…
Google, Apple Accused of ‘Political Censorship’ After Removing Voting App as Russian Polls Open
Apple and Google removed a tactical voting app from its online store on Friday that was linked to Kremlin critic and jailed opposition leader Alexei Navalny as polls opened across Russia for three days of voting in a parliamentary election. The move was prompted after Russian authorities put pressure on the U.S. tech giants to…
NTD Business Full Broadcast (Sept. 14)
Consumer inflation looks to be slowing down a bit, but prices for items that affect your wallet are still steadily going up. Apple unveiling the latest new iPhones and Apple watch, what are the biggest upgrades? And Amazon planning to hire over 100-thousand workers. It’s also raising its starting wage. Find out how much it’ll be.
Apple Issues Urgent Software Update to Patch Spyware Vulnerability
Apple users are being encouraged to update their devices after researchers discovered a security flaw that could allow hackers to secretly install spyware without targets knowing. The company on Monday released an emergency patch to the vulnerability flaw that allowed advanced spyware to be installed into users’ Apple devices, including iPhones, iPads, Macs, and Apple…
Apple Shares Recover Ground After Epic Ruling Slide
September 13, 2021
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Apple Inc’s shares inched higher on Monday after losing about $84 billion in market value in the previous session on the back of a U.S. judge’s mixed decision in the iPhone maker’s fight with “Fortnite” game maker Epic Games. Shares were up about 1 percent before the opening bell on Monday. They had closed down…
‘Fortnite’ Creator Epic Games to Appeal Ruling in Apple Case
“Fortnite” game maker Epic Games on Sunday said in a legal filing that it plans to appeal a ruling in its antitrust case against Apple Inc after a federal judge on Friday handed down a mixed decision. The judge on Friday said Apple would have to loosen some rules on developers. But the ruling favored…
Epic Ruling Invites Future Efforts to Paint Apple as Monopolist: Experts
September 11, 2021
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WASHINGTON—A U.S. judge stopped short of labeling Apple Inc. an “illegal monopolist” on Friday, but the closely-watched ruling provides a roadmap for similar claims against the iPhone maker in the future, legal experts said. Ruling on an antitrust case brought by Epic Games, creator of the online game “Fortnite,” U.S. District Judge Yvonne Gonzalez Rogers…
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