TEKNOFEST 2025 opens in İstanbul as Türkiye showcases tech innovation
Türkiye’s largest technology festival, TEKNOFEST 2025, opened in İstanbul on Wednesday. The five-day event is organised by the Türkiye Technology...
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
The European Union has taken its first major enforcement step under the Digital Markets Act (DMA), levying significant fines against American tech giants Apple and Meta. The move underscores the bloc’s growing resolve to regulate dominant digital platforms and restore balance to the online economy.
Apple received a €500 million ($570 million) fine for what regulators called anti-competitive practices—specifically, restricting app developers from directing users to more affordable purchasing options outside of the App Store. According to EU authorities, this undermined consumer choice and stifled fair competition.
Meta, the parent company of Facebook and Instagram, was fined €200 million. The European Commission found its “pay or consent” model—where users must either accept targeted ads or pay a fee to avoid them—violated the DMA’s provisions on user autonomy and freedom of choice.
The Digital Markets Act, which came into force earlier this year, targets large digital platforms designated as “gatekeepers,” requiring them to allow fair access for competitors and greater transparency for users. The enforcement actions mark a key moment in the EU’s campaign to curtail the dominance of global tech firms.
The penalties, originally anticipated in March, were delayed due to rising trade tensions with the United States under President Donald Trump. Nonetheless, EU regulators have pressed forward, aiming to set a precedent for strict digital oversight.
Apple sharply criticised the decision, arguing that it had invested substantial resources to comply with the new legislation and calling the fine “unfair.” The company claimed it had implemented dozens of changes and spent “hundreds of thousands of engineering hours.”
Meta also objected, with Chief Global Affairs Officer Joel Kaplan accusing the EU of applying unequal standards. He suggested that the regulation was designed to “handicap successful American businesses” while giving competitors in Europe and China more leeway.
Industry observers say the fines may fuel further friction between Brussels and Silicon Valley, as governments worldwide continue to debate how best to regulate big tech’s outsized influence on digital markets.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
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