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EU vs Big Tech: the cases keep mounting
European regulators have launched a series of probes into Big Tech. In the latest move, the European Commission asked Amazon for more information on its compliance with the Digital Services Act (DSA), which requires Big Tech players to do more to tackle illegal and harmful content on their platforms.
Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading
Former Apple lawyer Gene Levoff fined $1.15 million for insider trading. Levoff traded on nonpublic information from the iPhone maker. The fines were imposed by a U.S. District Judge.
Apple charged with violating EU's antitrust tech law, may have to pay fine of $38 billion.
Apple has become the first US tech giant to be charged under the European Union’s tough new antitrust tech law. If found guilty, its fine may soar up to $38 billion.
Apple's App Store rules breach EU tech rules, EU regulators say
The European Commission, functioning as both the EU's antitrust and technology regulator, announced that it has forwarded its initial findings to Apple after launching an investigation in March. Additionally, the EU executive revealed that it is also opening an inquiry into the iPhone maker concerning its updated contractual terms for third-party app developers and app stores.
Apple stops Buy Now Pay Later in US: How will it affect new users?
'Buy Now Pay Later' scheme by Apple Pay Later has now been stopped in the United States, an initiative that was launched only last year. This may now pose a new challenge for Apple enthusiasts planning to purchase products on installment. In the coming days, it will get reflected whether this call by Apple has created any effect on its device purchase ratio.
Apple to discontinue 'buy now, pay later' service in US as it plans new loan programme
Users will be able to access installment loans offered through credit, debit cards and lenders when checking out with Apple Pay, starting later this year, the company said in a statement.
How Elon Musk's $44.9 billion Tesla pay package compares with the most generous plans for other US CEOs
Elon Musk won't get access to the stock options just yet, even with the reapproval vote. In 2018, January Delaware Judge said the shareholders weren't informed that Musk controlled the company's board and the process for approving was 'deeply flawed." But Tesla said Musk deserves the pay because he turned the company into the top-selling electric vehicle maker in the world.
Apple accused in lawsuit of underpaying female workers in California
Apple faces a class action lawsuit in California for allegedly underpaying over 12,000 female employees. The lawsuit claims Apple pays women less in engineering, marketing, and AppleCare divisions compared to men with similar jobs.
Apple reclaims title of world's most valuable company
Apple on Wednesday reclaimed its berth as the world's biggest company when measured by stock price, taking back the top position from Microsoft. Apple, which had taken its time to draw up its AI strategy, lost the top spot in January as investors rewarded Microsoft's unabashed rollout of new generative AI products under its Copilot brand.
Apple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isn’t expected to generate meaningful revenue for either party — at least at the outset.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
Microsoft debuts 'Copilot+' PCs with AI features
At an event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what Microsoft calls "Copilot+" PCs, saying that it and a range of manufacturers would sell them, including Acer and Asustek Computer.
Microsoft to unveil AI devices and features ahead of developer conference
The Windows maker is expected to reveal a new version of its Surface Pro tablet and Surface Laptop that feature Qualcomm chips based on Arm Holdings' architecture.
Unionised US Apple store votes to authorise strike
Unionized workers at a Maryland Apple store voted on Saturday to authorize a strike, which would mark the first such labor action against the retailer in the United States if it goes forward. Employees at the Apple store in the town of Towson, outside of Baltimore, voted to unionize in 2022 -- another first for the iPhone maker's US stores.
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
Microsoft ordered to pay $242 million to IPA for infringing IPA patent with Cortana. IPA under Wi-LAN. Lawsuit filed in 2018. Microsoft denies infringement. IPA also sued Google and Amazon.
Apple to extend new core technology fee to iPadOS apps
Apple extends core technology fee to iPadOS apps under EU rules, with exemptions for small developers, non-profits, and limited install apps. The fee applies to App Store, Web Distribution, and global revenue developers.
Spotify says Apple has rejected its app update with price information for EU users
The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music streaming case, it said in a post on X on Wednesday.
Apple loses bid to throw out UK lawsuit over App Store fees
Sean Ennis, a competition law professor and economist, is spearheading the case, which was filed at London's Competition Appeal Tribunal (CAT) last year and alleges Apple charged developers unfair commissions of up to 30%.
EU Commission seeks feedback on Apple offer to open up tap-and-go tech to rivals
The bloc's regulator had charged Apple with restricting access to its tap-and-go mobile payment systems, based on the independent technology called Near-Field Communication (NFC), as it made it difficult for rivals to develop alterative payment options for iOS-based devices and compete with Apple Pay and Wallet apps.
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