The European Union has fined Apple €500 million and Meta €200 million for breaching the Digital Markets Act (DMA), marking the first penalties under the new legislation designed to rein in the power of Big Tech companies.
Announced in a filing late Friday, the move is a big reprieve for Apple and other tech companies.
The iPhone-maker, a pioneer of globalization that helped build China’s manufacturing economy, now faces a steep profit hit from tariffs
Apple ’s market share in China has faced headwinds, slipping briefly out of the top five smartphone vendors in the second quarter of 2024 before recovering in the third quarter
Justice Department says iPhone maker leveraged its dominance to block software and limit functionality of competing devices
One out of three apples in Greece are Zagorin, but with climate change negatively impacting the annual harvest, Greece's Zagorin agricultural cooperative will switch to different varieties
Worries about China and the future of a lucrative Google relationship could outlast even a strong earnings report