Home Tags European Commission

Tag: European Commission

Apple CEO Tim Cook.

Apple made $156 million from the rival music streaming service trying to tear up its app business

Apple lost out on around $98 million thanks to Spotify circumventing the App Store.
Tim Cook, CEO of Apple, which laid off 190 people from its self-driving car team earlier this month.

Spotify just painted a big target on Apple’s back, and the iPhone maker should worry if antitrust regulators start aiming at it

An antitrust investigation into Apple could lead to a big fine, hamper its business, and sully its reputation.
European wines are now cheaper in Japan.

Tokyo shoppers get big bargains on French and Italian wine on Day 1 of ‘cars-for-cheese’ trade pact

The largest ever bilateral trade deal kicks in on Friday, eliminating almost all tariffs between economies that make up about a third of global GDP.
A yacht in Malta, one of the countries that the EU is examining in its report on "citizenship for sale."

The sale of passports to the super wealthy gives free reign to mobsters and money launderers, Europe warns

Some 20 EU countries, including the UK, Portugal and Spain, offer some level of residency to wealthy non-citizens in return for large investments.

Europe’s steel tariff move tips over another domino in Trump’s trade war with China

The move highlights that protectionism is spreading and Donald Trump's trade war with China is entrenching itself into the global economy.

The European Union just rejected Italy’s budget for a 2nd time — and now Rome is facing a huge fine

The path is no set for the opening of the EU's so-called Excessive Deficit Procedure — which has the power to fine countries within the Eurozone.
Samsung's Note 9 phones

Nightmarish fragmentation and expensive phones: Here’s how Google’s big Android changes could play out

Google's alterations to Android are yet to play out but, depending on what phone makers like Samsung decide to do, it could lead to higher phone prices inside Europe and worsen the operating system's fragmentation problems.
Woman takes selfie with the Google Android mascot.

Google is making huge changes to Android to avoid being fined $15 million a day

Google was fined €4.3 billion ($5 billion) in July by the EU antitrust watchdog over its Android monopoly. The EU gave Google 90 days to get its house in order or else face fines of over $15 million for each day it fails to comply. Google is now implementing changes to comply with the decision.
Google CEO Sundar Pichai.

Google is appealing its $5 billion EU antitrust fine over Android

Google has submitted an appeal to the EU refuting the €4.3 billion ($5 billion) fine it received for abusing the dominance of its Android operating system. Google is following through on its promise to appeal when the fine was imposed in July.
Canary Wharf, the financial centre of London.

The EU is planning strict supervision of the City of London after Brexit

Britain and the EU are currently discussing a new relationship for financial services, most likely based around the principle of equivalence.