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September 25, 2021

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Review: Hitting the brakes on tech’s runaway train

Reuters
MILAN, Sept 24 (Reuters Breakingviews) – Back in the 1880s, horses plied the roads of London and most people lived a rural life. Jump to the 1920s and the combustion engine, electricity and the telephone had taken hold and re-shaped society. Today we are undergoing an even faster period of......

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Reuters
A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray Apple welcomes competition if no one competes with Apple – CBA CBA wants Apple to open its NFC chip for other mobile payments Regulator probing Apple’s......

India antitrust probe finds Google abused Android dominance, report shows

Reuters
Antitrust findings latest setback for Google in India Google also leveraged Play Store’s dominance – report Google under antitrust investigation since 2019 NEW DELHI, Sept 18 (Reuters) – Google abused the dominant position of its Android operating system in India, using its “huge financial muscle” to illegally hurt competitors, the......

U.S. to award Newark flights to low-cost carrier to spur competition

Reuters
People traveling ahead of the July 4th holiday are seen at the Newark Liberty International Airport, in Newark, New Jersey, U.S., July 2, 2021. REUTERS/Eduardo Munoz WASHINGTON, Sept 16 (Reuters) – The Biden administration announced on Thursday that it plans to award 16 slots for flights at Newark International Airport......

FTC staff to present findings on Big Tech’s smaller acquisitions

Reuters
WASHINGTON, Sept 15 (Reuters) – Staff of the Federal Trade Commission will present their findings on Wednesday on business deals that tech platforms like Facebook (FB.O) and Alphabet’s (GOOGL.O) Google did that were sometimes too small to prompt antitrust review. The agency, which began holding open meetings after progressive Lina......

S.Korea fines Google $177 mln for blocking Android customisation

Reuters
Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – A South Korea’s antitrust regulator has fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million) for blocking customised versions of its Android operating system (OS), in the......

Biden taps Georgetown law professor for U.S. FTC -White House

Reuters
The U.S. Federal Trade Commission seal is seen at a news conference at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas WASHINGTON, Sept 13 (Reuters) – President Joe Biden nominated privacy advocate Alvaro Bedoya, the founding director of Georgetown Law’s Center on Privacy & Technology, to be a......

Apple must ease App Store rules, U.S. judge orders, in a blow to iPhone maker

Reuters
3D printed Lady Justice figure is seen in front of displayed Apple and Epic Games logos in this illustration photo taken February 17, 2021. REUTERS/Dado Ruvic/Illustration/File Photo The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature......

European court says German energy regulatory methods are insufficient

Reuters
High-voltage power lines and electricity pylons pictured near Berlin, November 7, 2006. REUTERS/Pawel Kopczynski German regulator says will keep uncertainty to minimum Investments must be safeguarded in transition to changes EU court wants more independence for regulator FRANKFURT, Sept 2 (Reuters) – The Court of Justice of the European Union......

Google appeals France’s ‘disproportionate’ $591 million fine in copyright row

Reuters
PARIS, Sept 1 (Reuters) – Google (GOOGL.O) said on Wednesday it was appealing against a 500 million euro ($591 million) fine imposed by France’s antitrust watchdog in July over a dispute with local media about paying for news content. The fine came amid increasing international pressure on online platforms such......

Google, Facebook, Microsoft top EU lobbying spending – study

Reuters
BRUSSELS, Aug 31 (Reuters) – Alphabet Inc’s (AAPL.O) Google unit, Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) are the three biggest lobbying spenders in Europe in a battle against tough new laws aimed at curbing U.S. tech giants’ powers, a study released on Tuesday showed. Such efforts should be a......

Google Play app store revenue hit $11.2 bln in 2019, lawsuit says

Reuters
The logo of Google Play is displayed at Tokyo Game Show 2019 in Chiba, east of Tokyo, Japan, September 12, 2019. REUTERS/Issei Kato/File Photo OAKLAND, Calif., Aug 28 (Reuters) – Alphabet Inc’s (GOOGL.O) Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court......

S.Korea set to curb Google, Apple commission dominance

Reuters
SEOUL, Aug 24 (Reuters) – South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy. The parliament’s legislation and judiciary committee......

FTC says Facebook ‘bought and buried’ rivals in renewed antitrust fight

Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON,......

Amazon warns merchants about antitrust bills in Congress

Reuters
Aug 18 (Reuters) – Amazon.com Inc (AMZN.O) has warned some merchants selling via its marketplace that antitrust proposals in the U.S. Congress might hurt their business, a company spokesperson said. In June, the U.S. House Committee on the Judiciary approved legislation that would make companies like Amazon decide between running......

UK to probe U.S. private equity purchase of defence firm Ultra

Reuters
Both Ultra Electronics and Cobham have technologies used in the Eurofighter Typhoon jet. REUTERS/Johanna Geron LONDON, Aug 18 (Reuters) – Britain said it will investigate possible national security risks from the planned 2.6 billion-pound ($3.6 billion) acquisition of defence firm Ultra Electronics by rival Cobham, which is owned by U.S.......

Facebook may have to sell Giphy on Britain’s competition concerns

Reuters
Aug 12 (Reuters) – Britain might require Facebook (FB.O) to sell GIF website Giphy after the country’s competition regulator said on Thursday its investigation found the deal between the two companies would harm competition in the display advertising market. Facebook, the world’s largest social media company, bought Giphy, a website......

U.S. lawmakers introduce bill to rein in Apple, Google app stores

Reuters
WASHINGTON, Aug 11 (Reuters) – A bipartisan trio of senators introduced a bill that would rein in app stores of companies they said exert too much market control, including Apple Inc (AAPL.O) and Alphabet Inc’s Google (GOOGL.O). Democratic Senators Richard Blumenthal and Amy Klobuchar teamed up with Republican Senator Marsha......

U.S. calls on OPEC and its allies to increase oil production

Reuters
Aug 11 (Reuters) – President Joe Biden’s top aides are pressuring OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices that they see as a threat to the global economic recovery. Biden’s national security adviser Jake Sullivan criticized the world’s major oil producers,......

U.S. judicial panel moves Texas lawsuit against Google to New York

Reuters
WASHINGTON, Aug 10 (Reuters) – A U.S. judicial panel on Tuesday said that Texas’ antitrust lawsuit against Alphabet’s Google (GOOGL.O) would be moved to the Southern District of New York, where other similar cases would also be heard. Google had asked that the case, which was filed against it by......

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