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Russian online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region. In...
Apple and Meta have been fined €500 million and €200 million respectively by the European Union for breaching the bloc’s new Digital Markets Act, escalating tensions in the transatlantic tech trade dispute.
The European Commission has imposed hefty fines on tech giants Apple and Meta for violating the EU’s Digital Markets Act (DMA), marking one of the bloc’s most forceful moves yet to rein in dominant online platforms.
Apple was fined €500 million for limiting app developers’ ability to inform users about alternative, cheaper subscription options outside of the App Store. The Commission found that these restrictions hindered competition and harmed consumers by preventing access to better deals.
“Due to a number of restrictions imposed by Apple, app developers cannot fully benefit from alternative distribution channels… and consumers cannot fully benefit from cheaper offers,” the Commission stated. Apple has been ordered to lift the technical and commercial barriers it places on developers.
Meanwhile, Meta — the parent company of Facebook and Instagram — received a €200 million penalty for its controversial “consent or pay” subscription model. Introduced in late 2023, the system charged users a monthly fee if they declined to have their personal data used for targeted ads.
The Commission ruled that the model did not offer genuine consent and failed to provide users with a meaningful choice. Investigators found that fewer than one percent of users opted to pay, suggesting that the model effectively coerced consent for data usage.
“These practices forced users to consent to the use of their personal data for advertising,” said a senior Commission official.
The penalties follow separate antitrust investigations opened in 2023, shortly after the DMA came into force. The new law targets so-called “gatekeepers” — large digital firms with the power to control market access — and is designed to ensure fair competition across the EU’s digital landscape.
The ruling is expected to fuel ongoing trade tensions between Brussels and Washington. U.S. President Donald Trump has criticized the EU’s regulatory stance, calling it discriminatory against American tech firms.
Both Apple and Meta are expected to appeal the fines in EU courts.
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Nobel laureate Geoffrey Hinton has warned against rushing to develop artificial superintelligence, arguing that scientists still do not know how to ensure systems more capable than humans remain safe and under control.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
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