Apple has requested to participate in Google's upcoming U.S. antitrust trial, arguing that it must defend its lucrative revenue-sharing agreements with the tech giant, which send billions in payments each year for making Google the default search engine on Safari.
Apple's lawyers stated in court filings that the company cannot rely on Google to protect the interests of its revenue-sharing deal, which amounted to an estimated $20 billion in 2022 alone. Despite this, Apple clarified it has no plans to develop its own search engine to compete with Google.
As part of the trial, the U.S. Department of Justice is pushing for measures that could break up Google’s search dominance, possibly involving the sale of its Chrome browser and Android operating system to foster competition. Apple’s participation in the case is aimed at ensuring its interests are represented, with plans to call witnesses during the trial scheduled for April.
Google, in response, has proposed easing default agreements with developers and carriers, but it has not agreed to end its revenue-sharing model, which is central to its deal with Apple. This landmark antitrust case could significantly impact the way users interact with online search tools.
A spokesperson for Google declined to comment.
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The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
The U.S. dollar strengthened and Bitcoin surged to a new record, as investors shrugged off fresh tariff threats from President Donald Trump.
A majority of Russians expect the war in Ukraine to end in 2026, state pollster VTsIOM said on Wednesday, in a sign that the Kremlin could be testing public reaction to a possible peace settlement as diplomatic efforts to end the conflict intensify.
Military representatives from Cambodia and Thailand met in Chanthaburi province on Wednesday ahead of formal ceasefire talks at the 3rd special GBC meeting scheduled for 27th December.
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The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the next two months, a U.S. official told Reuters, signalling that Washington is prioritising economic pressure over direct military action against Caracas.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
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