Apple set to stave off daily fines, EU to accept App Store changes
changes to its App Store rules and fees will likely secure the green light from EU antitrust regulators, people with direct knowledge of the matter said, a move that would stave off potentially hefty daily fines for the iPhone maker.
The company last month said developers will pay a 20 per cent processing fee for purchases made via the App Store, though the fees could go as low as 13 per cent for Apple's small-business program.
Developers who send customers outside the App Store for payment will pay a fee between 5 per cent and 15 per cent. They will also be able to use as many links as they wish to send users to outside forms of payment.
Apple made the changes after the EU antitrust enforcer handed it a €500 million fine in April and gave it 60 days to comply with the Digital Markets Act aimed at reining in Big Tech and giving rivals more room to compete.
The European Commission is expected to approve the changes in the coming weeks, although the timing could still change, the people said.
'All options remain on the table. We are still assessing Apple's proposed changes,' the EU watchdog said.
Apple did not immediately respond to a request for comment. The company earlier this month said it had implemented the changes to avoid punitive daily fines, while criticising the Commission for mandating how it runs its store.
The company could have been hit with daily fines of 5 per cent of its average daily worldwide revenue, or about 50 million euros per day. --Reuters
(c) Copyright Thomson Reuters 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Irish Sun
4 minutes ago
- The Irish Sun
B&M is selling a dupe of powerful Dyson gadget for £450 less – it's handheld, easy to store & detects dust automatically
WHILE you may have survived the high pollen season, your home can be another trigger for hayfever. But thanks to this B&M gadget, you no longer have to worry about dust in your home. 2 The Blaupunkt Powerforce Anti-Tangle 25.9V Vacuum Cleaner is available for £79 from Lidl Credit: B&M The bargain retailer is selling a cleaning gadget that will leave your space sparkling without draining your wallet. This handy buy is cheaper than ever, and it's even a dupe of a high-end vacuum. The Reduced from £99 to just £79, this vacuum is said to "unleash the power of clean". Read More On B&M Buys Product details Manufacturers broke down all the handy features of the cleaning gadget. "Featuring cutting-edge technology like a digital touch control display, anti-tangle technology, and auto dust sensor, this vacuum is a bargain hunter's dream come true," they said. It also includes "a powerful lithium ion battery" which provides up to 50 minutes of run time. The 28KPA suction power helps you to tackle dirt and dust "with ease". Most read in Fabulous "Plus, enjoy the convenience of four power modes, compact handheld conversion, and wall mount storage," the description read. "Say goodbye to allergies and hello to a cleaner home." Sun tests world's thinnest vacuum at Dyson HQ – and 'PencilVac' is SAS of cleaning The cordless vacuum can also turn into a compact handhled device and can even been mounted for wall storage. Choose between four power modes: Auto, Eco, Mid, and Max. Dyson gadget The B&M buy is similar to the This high-end alternative is said to offer "more suction power to the floor than any other cordless vacuum". The Dyson vacuum features 240 Air Watts for suction, with a run time of 60 minutes. How to save money at B&M Shoppers have saved hundreds of pounds a year by using B&M's scanner app. The scanner lets you see if an item's price is cheaper than advertised on the shop floor label. Products that are typically discounted are seasonal items and old stock that B&M is trying to shift. The app is free to download off the B&M Stores mobile app via Google Play or the Apple App Store. According to one ex-B&M manager, Here's how you can join the B&M bargain hunt: Download the B&M app for free on any smartphone with an App Store or Google Play. Once you've installed it on your device, click on the option labelled "more" on the bottom, right-hand side of the app home page. You'll then find an option that says "barcode scanner". Click on this and you'll open a camera screen. Use the camera to hover over the barcode of the product you wish to check. If the price comes up as lower, take it to the cash desk and it will automatically scan at the lower price. You don't need to sign up to the B&M app to use the barcode scanner. While it has a slightly longer battery life, this gadget is similar to the B&M version in that it has a hair de-tangling feature and a dust detector sensor. It also helps to identify any overlooked dust by illuminating it and boasts 99.99% advanced filtration. More on cleaning gadgets And Amazon is selling a window-cleaning gadget slashed from £80 to just £46. Plus, Dyson has reduced the price of its V10 vacuum cleaner. Aldi is selling a no-effort household gadget that cuts cleaning time in half. Shoppers can also pick up another no-effort cleaning gadget that's £500 less than a pricier version. Aldi has a similar vacuum available for just £44, and it also rivals a Dyson product. 2 The Dyson V15 Detect Total Clean cordless vacuum is listed for £529.99 Credit: Dyson
Irish Examiner
34 minutes ago
- Irish Examiner
European negotiators head for Washington after Trump agrees Japan deal
European shares climbed early on Wednesday, led by automobile stocks, after US president Donald Trump revived hopes for a trade deal with the European Union following an agreement with Japan. European automobile stocks led a broad-based rally, rising 3.6%, tracking strength in Asian rivals. Carmakers such as Mercedes-Benz, Volkswagen, and Porsche gained between 7.4% and 5.1%. Mr Trump struck a trade deal with Japan, lowering tariffs on auto imports and sparing Tokyo from punishing new levies on other goods in exchange for a $550bn (€468bn) package of US-bound investment and loans. The Japan deal included reduced 15% tariffs for auto exports to the US, down from 25% earlier. Meanwhile, the prospects of an EU-US trade agreement improved after Mr Trump said that EU representatives would come for trade negotiations on Wednesday. "The message is that things are negotiable," said RBC Brewin Dolphin's head of market analysis, Janet Lui, mentioning how Japan faced similar difficulties in reaching a tariff consensus with the U.S. "The read across is there is potential to reach a trade deal that's lifting European markets across the board." Among individual stocks, Temenos gained 18.1%, the biggest gainer in the STOXX 600, after the banking software company raised its full-year earnings forecast. UniCredit rose 3.4% after the Italian lender posted higher-than-expected quarterly profit and raised its fiscal-year outlook. Lonza rose 6.3% after the Swiss company topped core profit forecast. Conversely, Nokia slumped 7.7%, pressuring media stocks, after the Finnish group lowered its guidance for 2025 comparable operating profit on Tuesday. ASM International fell the most in the benchmark index, down 9.3%, after the computer chip equipment maker reported second-quarter bookings below market expectations. SAP fell 2.5% after the German software maker reported a positive second-quarter profit on cost cuts and increased demand. Meanwhile, the latest earnings forecasts showed on Tuesday that the outlook for European corporate health has slightly improved. On the day, Alphabet and Tesla will kick off the results season for the "Magnificent Seven" stocks. Investors will also focus on euro zone consumer confidence flash for July later in the day. Meanwhile Mr Trump said on Tuesday he would use import restrictions to force foreign suppliers to cut drug prices and that pharmaceutical companies would have a lot of problems if they did not agree to bring prices down. Speaking at the White House at an event with Republican lawmakers, Trump pledged to reduce what consumers must pay for prescription drugs.
Irish Times
4 hours ago
- Irish Times
Search-and-rescue hangar approved for Weston Airport
Weston Airport, part-owned by Stripe co-founder Patrick Collison , has been granted permission to build a new search-and-rescue (SAR) hangar. Following an appeal, including objections from locals, An Bord Pleanála ratified the local council's decision to grant permission for the new infrastructure despite a recommendation from their inspector to reject the planning. The proposed hangar will serve to house the Bristow-operated Dublin search and rescue team, which has been relocated to Weston Airport from Dublin Airport. Hugh Dooley has the details. A €9.4 billion tax and spending package will form the foundation of the upcoming budget , the Government said on Tuesday in the Summer Economic Statement (SES). READ MORE Still, the Coalition warned it may have to 'recalibrate' its strategy, reducing the size of the overall package, if there is a 'deterioration in the tariff landscape' over the coming months. Budget 2026 will include additional spending of €7.9 billion – an increase of 7.3 per cent annually, and well above the Government's 5 per cent spending rule – and tax cuts amounting to €1.5 billion, writes Ian Curran. David McWilliams on how 'big incentives' to build could save Dublin city Listen | 36:51 The big questions arising from the Summer Economic Statement will, however, be about spending, writes Cliff Taylor in his analysis. Restoring control on day-to-day spending will be a big challenge. And if the budget numbers tighten, then the State will face the choice of borrowing to finance its increased investment plans. In the middle of all this is the commitment to billions into two funds each year, to help pay future bills. Reliance, the Cork-headquartered engineering and robotics component distributor where former táinaste Simon Coveney was appointed as a non-executive director earlier this year, reported revenues of close €20 million last year as domestic sales jumped 14 per cent. Accounts filed recently for the Reliance Bearing and Gear Company, which celebrates a century in business this year, reveal turnover climbed by more than 11 per cent to just under €19.6 million in 2024, Ian Curran reports. Some first-time buyers are getting their mortgage wrong, and it's costing them. Stiff competition for homes means being laser focused on getting a loan offer, and fast. However, getting the wrong mortgage could leave you in the wrong house, in the wrong location and on the hook for more debt than necessary. Your mortgage is going to shape your finances for decades to come, so here are the top 10 things you need to get right, writes Joanne Hunt. The correct, writes John McManus in his weekly column, but pretty much politically impossible thing to do about the housing crisis is to level with the electorate and say that fixing the problem is going to take far longer than anyone is prepared to admit. And that it will probably never be fixed if the definition of fixed is that we achieve European levels of housing provision. AIB has moved to require staff eligible for hybrid working to return to its branches and offices three days a week on a phased basis, introducing the tightest rules among Irish retail banks. The new regime will take full effect from the start of 2026, a spokesman said. AIB had more than 10,400 employees at the end of last year. Joe Brennan reports. If you'd like to read more about the issues that affect your finances try signing up to On the Money , the weekly newsletter from our personal finance team, which will be issued every Friday to Irish Times subscribers.
