Tag Archives: payments

Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile activities” against Russia, its companies and citizens. The government will prepare a list of such countries within two… Source link

AMSTERDAM, Feb 15 (Reuters) – Apple (AAPL.O) and Google face a potential class action lawsuit in the Netherlands over app store charges, after a foundation headed by Dutch entrepreneur Alexander Klöpping began gathering claimants. The action, which still faces legal hurdles before any court hearing, reflects growing criticism over how much the two firms charge developers for payments on their app stores, while the Netherlands has become increasingly popular as a jurisdiction to pursue… Source link

In its latest move to placate European competition regulators, Google has offered a set of commitments to France’s antitrust watchdog — in the hopes of settling a costly (for it) intervention over legally mandated payments for displaying snippets of news publishers’ content. Back in July, France’s Autorité de la Concurrence slapped the tech giant with a fine of half a billion euros over a series of suspected breaches in how it negotiated with news publishers to remunerate them… Source link

Major COVID stimulus payments in line for 2022 extension — don’t miss your free cash Congressional support is strong among Democrats to extend a popular stimulus payments program through next year despite a tug of war over Biden’s budget bill. House Speaker Nancy Pelosi will likely push ahead this week to finalize a draft of President Joe Biden’s $1.75 trillion spending plan. It’s anyone’s guess, at this time, what the final version will look like. But here’s what we know so far… Source link

Sean Gallup/Getty News Images/Getty Images In response to a law passed… Source link

Google has announced changes it will make to its in-app payments options in South Korea — a significant step back for the tech giant as governments around the world seek to curb the control Google and Apple wield over their mobile ecosystems. In a blog post, Google says it will allow third-party payment options for in-app purchases to appear alongside its own Google Play billing system in Android apps. The company will still charge developers a commission if users pay using a… Source link

A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration SEOUL, Nov 4 (Reuters) – Alphabet’s (GOOGL.O) Google said on Thursday it plans to allow third party payments systems in South Korea in order to comply with the country’s new law, which bans major app store operators from forcing software developers to use their payments systems. Google’s announcement comes after the Korea Communications Commission’s (KCC) request for the U.S. tech giant… Source link

Who should get paid when big tech platforms aggregate news stories? This was the question that prompted Google to shut down its Google News platform in Spain in 2014, after the country decided the US tech giant should cough up a monthly fee to Spanish papers. Today, though, Google announced that Google News will return to Spain “early next year” after the country overhauled its online copyright laws in line with EU regulation. The big difference from Google’s point of view is that… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave Google says payments merely a promotional opportunity EU says they are pinnacle of illegal interlocking practices EU court judgment likely next year LUXEMBOURG, Sept 29 (Reuters) – Payments to phone makers to pre-install only Google Search on their devices were not aimed at preventing competition but were necessary for Android to seize market share from… Source link

SEOUL—South Korea’s app developers can soon sidestep the digital tollway mandated by Apple Inc. and Alphabet Inc.’s Google, but changes for app companies and consumers may be hard to see initially. Last week, South Korea passed the world’s first-ever law that blocks Apple and Google from only offering their own in-app payment system. The bill, pending presidential approval, could be enforced within weeks. Once enacted, South Korea’s app companies can avoid… Source link