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The U.K. competition regulator said Tuesday that its interim report has found that a duopoly of Apple Inc. and Alphabet Inc.’s Google limits competition and choice, and that the firms are “exercising a vice-like grip” over mobile devices. The Competition and Markets Authority said its report into mobile ecosystems suggests users are losing out because of the companies’ control. It had launched a probe in June over concerns that Apple AAPL, -2.07% … Source link

Open has acquired consumer neo-banking startup Finin for $10 million as the Bangalore-based, Google-backed business-focused neobanking platform looks to broaden its offerings and deepen relationships with banks. The deal involves both cash and stock, the two said. Launched in 2019, Finin is among the first consumer-focused neobanking startups in India. The startup, which had raised about $1 million from Unicorn India Ventures and others, will see key executives… Source link

LONDON, Dec 14 (Reuters) – Google (GOOGL.O) and Apple (AAPL.O)hold a “vice-like” grip over how people use mobile phones, stripping any meaningful choice from the system for customers, Britain’s competition regulator said on Tuesday. The Competition and Markets Authority said it had provisionally found that the two groups were able to leverage their market power to create largely self-contained ecosystems. An ability to determine which apps are available on their systems could also lead to… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, December 14, 2021 With taper, rate hikes baked into 2022, the chickens may come home to roost in 2023 Buy the taper, sell the fact? Stocks, which mostly rallied as Federal Reserve officials dropped hints that crisis-era monetary accommodation is nearing an end, are clearly showing signs of wear. With the Omicron variant of COVID-19 becoming… Source link

Office-building owners and small businesses near such properties are bracing for another letdown in January, as the latest Covid-19 variant threatens to interfere with widespread company plans to return to the workplace. Before the Omicron variant surfaced overseas last month, employers throughout the U.S. were preparing to call back employees to the office after the holidays. Now, a small but rising number of companies have modified or delayed plans as uncertainties swirl over the severity… Source link

How fast does the Federal Reserve want to move on drawing down its pandemic-era stimulus? That’s the question that Fed officials will have to answer in its two-day meeting kicking off Tuesday, where the major discussion will focus on the pace of the central bank’s wind down of its asset purchase program. With inflationary pressures continuing to rise, Fed watchers expect the policy-setting Federal Open Market Committee (FOMC) to lean into a speedier timeline. On Friday, the Consumer Price… Source link

Google is hiring an “Augmented Reality OS” team focused on building software for an “innovative AR device,” according to job listings spotted by 9to5Google. The team is led by Mark Lucovsky, who announced he’d joined the company this week. Lucovsky previously worked at Meta developing an in-house alternative to Android to power the company’s hardware, and also co-authored the Windows NT operating system. According to Google’s job listings, the Augmented Reality OS team is… Source link

The quarterback who still has something to prove showed that maybe he really is built to win big games. The head coach who still does too, showed that maybe he’s not. The Los Angeles Rams, and QB Matthew Stafford, defeated the Arizona Cardinals, coached by Kliff Kingsbury on Monday, 30-23. While this was still a regular season game in December, it might signal plenty about the January playoff ones to come. Stafford did everything to win it. Kingsbury did enough to not. Start with Stafford, who… Source link

The Real-time Bidding market research report contains information on the global market’s overall size, market share values, recent developments and potential opportunities, sales and competitive landscape analysis, anticipated product launches, technological innovations, revenue and trade regulation analysis, and much more. The study also includes a comprehensive examination of the global market’s major players, including company profiles, SWOT analyses, and recent developments. The… Source link

Two bad plays from Kyler Murray. That’s all it took to change the Arizona Cardinals’ footing in the NFC, and maybe the NFC West too.  That’s why the NFL is so hard. The Cardinals had the league’s best record until Monday night kicked off. Then the Cardinals lost 30-23 to the Los Angeles Rams — and had a chance to at least tie after a late onside kick recovery, but Aaron Donald ended the game with a sack — and will wake up Tuesday as the No. 3 seed in the NFC.  That’s three months of… Source link