Latest news with #FooYunChee
Time of India
6 hours ago
- Business
- Time of India
Apple challenges 'unreasonable' EU order to open up to rivals
By Foo Yun Chee Apple has submitted a legal challenge to an EU order to open up its closed ecosystem to rivals such as Meta and Alphabet's Google, saying the demands are unreasonable and hamper innovation. The European Commission had in March detailed how Apple must comply with the Digital Markets Act, which aims to rein in the power of Big Tech. Apple said the EU's interoperability requirements create "a process that is unreasonable, costly, and stifles innovation". "These requirements will also hand data-hungry companies sensitive information, which poses massive privacy and security risks to our EU users," it said in a statement. "These deeply flawed rules that only target Apple - and no other company - will severely limit our ability to deliver innovative products and features to Europe, leading to an inferior user experience for our European customers." Meta, Google, Spotify and Garmin are among companies that have requested access to Apple users' data. The legal fight will likely take years to play out in court. Until then, Apple will have to comply with the EU order. The Commission ordered Apple to give rival makers of smartphones, headphones and virtual reality headsets access to its technology and mobile operating system so they can connect with Apple's iPhones and iPad tablets. It also set out a detailed process and timeline for Apple to respond to interoperability requests from app developers.
Yahoo
20 hours ago
- Business
- Yahoo
Apple challenges 'unreasonable' EU order to open up to rivals
By Foo Yun Chee (Reuters) - Apple has submitted a legal challenge to an EU order to open up its closed ecosystem to rivals such as Meta and Alphabet's Google, saying the demands are unreasonable and hamper innovation. The European Commission had in March detailed how Apple must comply with the Digital Markets Act, which aims to rein in the power of Big Tech. Apple said the EU's interoperability requirements create "a process that is unreasonable, costly, and stifles innovation". "These requirements will also hand data-hungry companies sensitive information, which poses massive privacy and security risks to our EU users," it said in a statement. "These deeply flawed rules that only target Apple - and no other company - will severely limit our ability to deliver innovative products and features to Europe, leading to an inferior user experience for our European customers." Meta, Google, Spotify and Garmin are among companies that have requested access to Apple users' data. The legal fight will likely take years to play out in court. Until then, Apple will have to comply with the EU order. The Commission ordered Apple to give rival makers of smartphones, headphones and virtual reality headsets access to its technology and mobile operating system so they can connect with Apple's iPhones and iPad tablets. It also set out a detailed process and timeline for Apple to respond to interoperability requests from app developers.
Yahoo
a day ago
- Business
- Yahoo
Delivery Hero, Glovo hit with $376 million EU antitrust fine
By Foo Yun Chee BRUSSELS (Reuters) -German online food takeaway company Delivery Hero and its Spanish unit Glovo were hit with a 329-million-euro ($376 million) EU antitrust fine for taking part in a cartel which included an agreement not to poach each other's employees, EU regulators said on Monday. The move came after a year-long investigation by the European Commission prompted by two dawn raids in 2023. The EU competition enforcer said the cartel operated from July 2018 to July 2022, the same period as Delivery Hero increased its minority stake in Glovo to 94% in July 2022. The companies admitted wrongdoing in exchange for a 10% cut in their fines. "This case is important because these practices were facilitated through an anticompetitive use of Delivery Hero's minority stake in Glovo," EU antitrust chief Teresa Ribera said in a statement. "It is also the first time the Commission is sanctioning no-poach agreement, where companies stop competing for the best talent and reduce opportunities for workers," she said. Regulators said a shareholder's agreement between the two companies signed when Delivery Hero took a minority stake in Glovo contained limited reciprocal no-hire clauses for certain employees which was then expanded to a general no-poach deal. The companies also exchanged information on prices, commercial strategies, capacity, costs and divided national markets in Europe among themselves. Delivery Hero's fine was 223 million euros and Glovo 105.7 million euros. Delivery Hero is present in more than 70 countries worldwide, including 16 in Europe, while Glovo is active in more than 20 countries globally, including 8 in Europe. ($1 = 0.8754 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Booking.com targeted as hotels plan Dutch damages claims over price clauses
By Foo Yun Chee BRUSSELS (Reuters) - could face Dutch damages claims running into millions of euros after 26 hotel associations across Europe teamed up to sue the company following an EU court judgment last year over its price curbs on hotels. Europe's top court ruled that restrictions against hotels offering lower rates on their websites or on rival sites are unnecessary and could reduce competition, but also that such clauses are not anti-competitive under EU laws. Such parity clauses, which are included in contracts between online booking sites and hotels, have triggered complaints from competitors and scrutiny from regulators across Europe concerned about fewer choices for consumers. The case came before the European Court of Justice after applied for a declaration in a Dutch court on whether parity clauses are valid, prompting the latter to seek guidance from the top court. HOTREC, which represents 47 member associations in the hospitality sector in 36 European countries, said it was backing the hotel associations' damages claims. "European hoteliers have long endured unfair conditions and inflated costs. Now is the time to stand together and seek redress," HOTREC president Alexandros Vassilikos said in a statement. said it had not been informed of any European-wide legal action taken by the hotels and that their conclusions about the court ruling are incorrect. "The ECJ judgement relates specifically to questions asked by the Amsterdam District Court in relation to litigation between and some German hotels disputing the legality of price parity clauses in Germany between 2006 and 2016," a spokesperson said. "The court did not conclude that German parity price clauses were anti-competitive or had an effect on competition. The Amsterdam Court will now need to make a decision specifically on German parity clauses only." Hotels have until July 31 to sign up to the damages litigation. The hotel associations endorsing the action are in Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia and Switzerland.
The Star
27-05-2025
- Business
- The Star
Pornhub, Stripchat, XNXX, XVideos targeted in EU investigation
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium March 18, 2025. REUTERS/Yves Herman/File Photo BRUSSELS (Reuters) -Adult content platforms Pornhub, Stripchat, XNXX and XVideos will be investigated for suspected breaches of EU online content law, EU regulators said on Tuesday. The companies were designated as very large online platforms under the Digital Services Act (DSA) in 2023, which requires them to do more to tackle illegal and harmful content on their platforms. The European Commission said the companies have not complied with rules requiring them to put in place appropriate measures to protect minors from adult content. Separately, the EU executive said EU countries will coordinate actions against smaller pornographic platforms to protect children. (Reporting by Foo Yun Chee)
