
Apple and Google have 'effective duopoly' in UK says regulator
A law which came in last year means the regulator can demand changes at a firm if it is found to hold too much market power.The proposed decision would designate Apple and Google as having "strategic market status".The companies have a month to make their cases to the CMA before the decision is finalised.If it is finalised, the companies may have to make changes to their services in a way that the regulator says promotes competition and gives more choice to consumers.The CMA is focusing on the companies' app stores, including how prominent Apple and Google's own apps are compared with rival apps.CMA Chief Executive Sarah Cardell said the proposals "would enable UK app developers to remain at the forefront of global innovation while ensuring UK consumers receive a world-class experience".
What do Apple and Google say?
"We're concerned the rules the UK is now considering would undermine the privacy and security protections that our users have come to expect, hamper our ability to innovate, and force us to give away our technology for free to foreign competitors," an Apple spokesperson said."We will continue to engage with the regulator to make sure they fully understand these risks."Google's Senior Director of Competition Oliver Bethell said it was "crucial that any new regulation is evidence-based, proportionate and does not become a roadblock to growth in the UK."He added the Android operating system, Chrome browser and Play app store "enable great choice, security and innovation for users"."We remain committed to constructive engagement with the CMA for the duration of this process," he added.Android and Blink, the engine which powers the Chrome browser, are open source, which means developers can use their underlying code for free.Google's view is this enables greater competition and allows for cheaper products to be made.Consumer rights group Which? welcomed the probe from the regulator."While these companies have driven innovation, their dominance is now causing real harm to consumers and to the businesses that depend on them," said Rocio Concha, director of policy and advocacy.
Worldwide regulation
Apple and Google, along with other tech giants, are subject to a number of competition and regulation investigations in the UK, EU and US, under new laws introduced recently in each region.Apple has been subject to competition restrictions in the EU, and last month hit back against a €500m fine by the European Commission.The EU's enforcement arm accused it of breaching the law by restricting the ability of app developers to promote alternative marketplaces to App Store users.The company is fighting similar allegations concerning payment options in its App Store in the US.Last month, the CMA announced in a separate investigation Google holds strategic market status in search and advertising.CMA boss Sarah Cardell said while there were "tremendous benefits" to Google search - which accounts for more than 90% of UK searches - its probe suggested there may be ways to make the sector more open and competitive.The watchdog said it was not accusing Google of anti-competitive practices but would set out a "roadmap" of changes it could make to its business ahead of a final decision in October.

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Reuters
17 minutes ago
- Reuters
EU's $250 billion-per-year spending on US energy is unrealistic
BRUSSELS/HOUSTON, July 28 (Reuters) - The European Union's pledge to buy $250 billion of U.S. energy supplies per year is unrealistic because it would require the redirection of most U.S. energy exports towards Europe and the EU has little control over the energy its companies import. The U.S. and EU struck a framework trade deal on Sunday, which will impose 15% U.S. tariffs on most EU goods. The deal included a pledge for the EU to spend $250 billion annually on U.S. energy - imports of oil, liquefied natural gas and nuclear technology - for the next three years. Total U.S. energy exports to all buyers worldwide in 2024 amounted to $318 billion, U.S. Energy Information Administration data showed. Of that, the EU imported a combined $76 billion of U.S. petroleum, LNG and solid fuels such as coal in 2024, according to Reuters' calculations based on Eurostat data. More than tripling those imports was unrealistic, analysts said. Arturo Regalado, senior LNG analyst at Kpler, said the scope of the energy trade envisioned in the deal "exceeds market realities." "U.S. oil flows would need to fully redirect towards the EU to reach the target, or the value of LNG imports from the US would need to increase sixfold," Regalado said. There is strong competition for U.S. energy exports as other countries need the supplies - and have themselves pledged to buy more in trade deals. Japan agreed to a "major expansion of U.S. energy exports" in its U.S. trade deal last week, the White House said in a statement. South Korea has also indicated interest in investing and purchasing fuel from an Alaskan LNG project as it seeks a trade deal. Competition for U.S. energy could drive up benchmark U.S. oil and gas prices and encourage U.S. producers to favour exports over domestic supply. That could make fuel and power costs more expensive, which would be a political and economic headache for U.S. and EU leaders. Neither side has detailed what was included in the energy deal - or whether it covered items such as energy services or parts for power grids and plants. The EU estimates its member countries' plans to expand nuclear energy would require hundreds of billions of euros in investments by 2050. Its nuclear reactor-related imports, however, totalled just 53.3 billion euros in 2024, trade data shows. The energy pledge reflected the EU's analysis of how much U.S. energy supply it could accommodate, a senior EU official said, but that would depend on investments in U.S. oil and LNG infrastructure, European import infrastructure, and shipping capacity. "These figures, again, are not taken out of thin air. So yes, they require investments," said the senior official, who declined to be named. "Yes, it will vary according to the energy sources. But these are figures which are reachable." There was no public commitment to the delivery, the official added, because the EU would not buy the energy - its companies would. Private companies import most of Europe's oil, while a mix of private and state-run companies import gas. The European Commission can aggregate demand for LNG to negotiate better terms, but cannot force companies to buy fuel. That is a commercial decision. "It's just unrealistic," ICIS analysts Andreas Schröder and Ajay Parmar said in written comments to Reuters. "Either Europe pays a super high non-market reflective price for U.S. LNG or it takes way too much LNG volumes, more than it can cope with." The United States is already the EU's top supplier of LNG and oil, shipping 44% of EU LNG needs and 15.4% of its oil in 2024, according to EU data. Raising imports to the target would require a U.S. LNG expansion way beyond what is planned through 2030, said Jacob Mandel, research lead at Aurora Energy Research. "You can add on capacity," Mandel said. "But if you're talking about the scale that would be necessary to meet these targets, the $250 billion, then it's not really feasible." Europe could buy $50 billion more of U.S. LNG annually as supply increases, he said. The EU has said it could import more U.S. energy as its plan advances to end Russian oil and gas imports by 2028. The EU imported around 94 million barrels of Russian oil last year - 3% of the bloc's crude purchases - and 52 billion cubic metres (bcm) of Russian LNG and gas, according to EU data. For comparison, the EU imported 45 bcm of U.S. LNG last year. Higher EU fuel purchases would, however, run counter to forecasts for EU demand to decline as it shifts to clean energy, analysts said. "There is no major need for the EU to import more oil from the U.S., in fact, its oil demand peaked a number of years ago," Schröder and Parmar said. ($1 = 0.8571 euro)


Daily Mail
17 minutes ago
- Daily Mail
Trump warns against second independence vote for 75 years
Donald Trump has signalled that there should not be another Scottish independence referendum until at least 2064 because countries 'can't go through that too much'. The US President said he thought there had been an agreement not to hold a rerun of the 2014 separation vote for at least another 50 years. His comments came during the third full day of his visit to Scotland as he met Prime Minister Sir Keir Starmer at his Turnberry golf course, and just hours after John Swinney claimed that an SNP majority in next year's Holyrood election would be a mandate for another independence referendum. During a lengthy press conference with the Prime Minister, Mr Trump also said he wants Scotland to thrive as he vowed to consider removing punishing tariffs on Scotch whisky and made the case for more North Sea drilling. He also directly pressed Sir Keir Starmer to take advantage of the North Sea's oil reserves. When asked about the SNP's plan to demand another independence referendum if it wins a majority at next year's Holyrood elections, Mr Trump said he had predicted the No vote the day before the 2014 referendum when he was visiting his first golf course at the Menie Estate in Aberdeenshire. He added: 'I do say that when they made that deal (to hold a referendum) somebody said that it was - and I remember this very distinctly, I said 'could they do this all the time?'. 'There was a little bit of a restriction, like 50 or 75 years before you could take another vote because, you know, a country can't go through that too much.' SNP figures including Alex Salmond and Nicola Sturgeon had said at the time the vote was a 'once in a generation opportunity'. Mr Trump made the comments ahead of Mr Swinney attending a dinner with him in Aberdeenshire last night and the opening of his second course at Menie today (TUE). Sir Keir said: 'I believe in a stronger Scotland in a better United Kingdom and I think that at a time like this when it is quite clear there is uncertainty and volatility around the world, the strength of the United Kingdom together is very important for all four nations, very important for Scotland. 'That should be our priority, that should be our focus - not on the politics which feels like the politics of yesteryear now at a time like this. 'I think that the First Minister should probably focus more on his delivery in Scotland than on his constitutional issues, and we might have a better health service in Scotland. 'At a time like this, I think the United Kingdom is always stronger as four nations, I think that is better for all four nations.' It comes as Mr Swinney was condemned for an 'absurd' assertion that a generation has passed since Scots rejected independence. In a desperate attempt to relaunch the SNP's failing bid to break up the UK, he has claimed a majority for the party in next year's Holyrood elections would be a mandate for another referendum. He was accused of trying to silence SNP critics and was mocked for the claim that a generation has passed less than 11 years since Scots voted decisively to stay in the UK. Then First Minister Alex Salmond and his successor Nicola Sturgeon previously described the 2014 referendum as a 'once in a generation opportunity'. After unveiling the latest bid to secure independence, Mr Swinney yesterday said: 'There is fundamentally a democratic issue here that people in Scotland in a voluntary union must be able to choose their own democratic future, and that was accepted after the SNP won a majority in the Scottish Parliament, on our own, in 2011. 'I am making the point that, having established that precedent, we must be in a position to be able to give the people of Scotland the choice about their constitutional future. 'There is now, by the time we get to 2030, going to be a million people who were not eligible to vote in the last referendum in 2014. 'A generation has now passed and I want to make sure that people in Scotland who want our country to have a choice about independence are able to do so in a democratic and legitimate fashion that can enable the establishment of an independent country as a consequence of a Yes vote. 'And the way to do that is the way we did it in 2011, which is to elect a majority of SNP MSPs to the Scottish Parliament.' In the 2014 vote, 55 per cent of Scots voted No and 45 per cent Yes. Scottish Conservative deputy leader Rachael Hamilton said: 'It's patently absurd - and John Swinney knows it - to claim that 11 years constitutes 'a generation'. 'John Swinney is like a broken record. In a bid to silence internal critics of his weak leadership, he has thrown diehard nationalists some more red meat on the one issue they all agree on: independence. 'Ordinary Scots are sick and tired of the SNP's obsession with breaking up the UK. The public want John Swinney to focus on fixing the damage his government has done in decimating essential services such as schools and the NHS at the same time as making Scotland the highest taxed part of the UK.' Scottish Labour deputy leader Jackie Baillie said: 'This SNP government has lost its way and ran out of ideas - while one in six Scots suffer on an NHS waiting list.


Reuters
an hour ago
- Reuters
Trump and Starmer trade compliments but defend differences
EDINBURGH/TURNBERRY, Scotland, July 28 (Reuters) - U.S. President Donald Trump spoke warmly about the "special relationship" with Britain on Monday, lavishing praise on Prime Minister Keir Starmer, King Charles, and his own mother's Scottish homeland from the ballroom of his Turnberry golf club. But mixed in with the compliments were warnings for Starmer on energy policy, immigration, and tax, as well as a pointed attack on London Mayor Sadiq Khan, Starmer's political ally. Seated side-by-side, Starmer and Trump fielded more than an hour of questions from media in a whirlwind tour of global affairs that included setting a new deadline for Russia to agree a ceasefire in Ukraine and announcing food centres to ease starvation in Gaza. When it came to the Anglo-American relationship, Trump's often outspoken - and sometimes confrontational approach - to such media appearances was replaced with a charm offensive. "The prime minister, he's been so supportive of us and so strong and so respected, and I respect him much more today than I did before, because I just met his wife and family. He's got a perfect wife, and that's never easy to achieve," Trump said. Starmer, who spoke for only a small fraction of the 72 minutes the two spent in the gaze of the world's media, reciprocated the compliments freely in what was the latest chapter of a burgeoning friendship between the two leaders, who hail from opposing sides of the political spectrum. "It's fantastic to be here - thank you for your hospitality - and to see this amazing golf course. I'll invite you to a football ground at some stage, and we can exchange sports," Starmer joked. However, the British leader jumped in when Trump - who argued publicly with London mayor Khan during his first term as president - said Khan was doing a bad job running the British capital and called him a "nasty person". "He's a friend of mine, I should add," Starmer interjected, before Trump continued: "I think he's done a terrible job." Starmer listened to Trump talk about cutting immigration - an area in which the British leader is seen by the public as failing. Trump said that policy was key to his 2024 U.S. election win, alongside his promises to reduce taxes and boost the economy. Starmer's government, only a year after winning a landslide victory, is facing a fiscal crunch caused by a stagnant economy, and many analysts expect tax increases later this year to plug the gap. On energy, the two talked up the potential of small nuclear reactors, but set out opposing positions on other sources of power. Trump gently urged Starmer to make more of Britain's oil and gas resources and renewed criticism of the offshore wind turbines that dot the coast near his golf course, and which form a key part of Starmer's plans for a carbon-free energy system. "Wind is a disaster," Trump said. "It's a very expensive energy, it's a very ugly energy and we won't allow it in the United States." Starmer replied: "We believe in a mix." Smoothing over their differences on policy, the two looked ahead to Trump's next visit in September when he will be hosted by King Charles for a state visit. "I hate to say it, but nobody does it like you people in terms of the pomp and ceremony," Trump said. "I'm a big fan of King Charles. I've known him for quite a while. Great guy, great person." After accepting an invitation presented to him during Starmer's visit to the White House in February, Trump will become the first world leader in modern times to undertake two state visits to Britain. "This is going to be a historic occasion, and we're all very much looking forward to it," Starmer said. In May, Washington and London announced the first bilateral trade deal made in the wake of steep new tariffs on global imports imposed by Trump. Trump's visit concludes on Tuesday, when he will open a new golf course near Aberdeen named after his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to the United States.