Tag Archives: Apple

A smartphone with the Apple Pay logo is placed on a displayed Google Pay logo in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration SYDNEY, Aug 30 (Reuters) – The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple (AAPL.O) and Alphabet’s Google (GOOGL.O). Treasurer Josh Frydenberg said he would “carefully consider” that and other recommendations from a government-commissioned report… Source link

As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down in South Korea. South Korea’s parliamentary committee passed on Wednesday (25 August) a landmark bill to prevent Google and Apple from charging software developers’ commissions on in-app purchases, the first of its kind in the world. The final vote by all members of… Source link

A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Aug 25 (Reuters) – A South Korean parliamentary committee voted on Wednesday to recommend amending a law, a key step toward banning Google and Apple from forcibly charging software developers commissions on in-app purchases, the first such curb by a major economy. Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google have faced global criticism… Source link

President Joe Biden is set to have his first high-profile meeting with the heads of some of the world’s biggest tech companies on Wednesday in Washington to discuss improving the nations’ cybersecurity preparedness and supply chain security. Newly minted Amazon (AMZN) CEO Andy Jassy will be among the attendees, people familiar with the matter told Yahoo Finance. Apple (AAPL) CEO Tim Cook and Microsoft (MSFT) CEO Satya Nadella are also on the guest list, Bloomberg reports. The meeting,… Source link

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration SEOUL, Aug 24 (Reuters) – South Korea is likely to bar Alphabet Inc’s (GOOGL.O) Google and Apple Inc (AAPL.O) from charging software developers commissions on in-app purchases, the first such curbs by a major economy that could hurt the tech giants’ lucrative revenue streams. The parliament’s legislation and judiciary committee is expected on Tuesday to approve the amendment of the… Source link

WASHINGTON — For months, Apple and Google have been fighting a bill in the South Korean legislature that they say could imperil their lucrative app store businesses. The companies have appealed directly to South Korean lawmakers, government officials and the public to try to block the legislation, which is expected to face a crucial vote this week. The companies have also turned to an unlikely ally, one that is also trying to quash their power: The United States government. A group funded… Source link

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week’s bullish calls included big tech stocks and a rare earth materials producer. Cryptocurrency and the leading electric vehicle maker were among the bearish calls seen. The past week was another rough one on Wall Street, with the tumult in Afghanistan giving investors something new to worry about, in addition to the ongoing concerns about the Delta variant, China, inflation, Federal Reserve… Source link

As Fortnite creator Epic Games continues its global legal battle against Apple and Google over in-app payments, the Australian Competition and Consumer Commission says “upfront rules and regulations” may be needed to force the tech giants to open their app stores to greater competition. For Apple iOS platforms, developers must use the App Store, while for Google, apps can be installed on Android devices outside the Play store either through direct download or alternative marketplaces, but… Source link

The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium July 2, 2021. REUTERS/Yves Herman WASHINGTON, Aug 13 (Reuters) – A Republican and a Democratic member of the U.S. House of Representatives introduced a bill aimed at reining in powerful app stores run by companies like Apple Inc (AAPL.O) and Alphabet Inc’s Google (GOOGL.O). The bill is a companion to a measure introduced this week by a bipartisan trio of senators which would bar big app stores from requiring app… Source link

With two giants calling the shots and collecting whatever tolls they see fit, mobile software makers have long complained that app stores take an unfair cut of the cash that should be flowing directly to developers. Hearing those concerns, a group of senators introduced a new bill this week that, if passed, would greatly diminish Apple and Google’s ability to control app purchases in their operating systems and completely shake up the way that mobile software gets distributed. The… Source link