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EU Antitrust Regulator To Fine Apple Under DMA Act
Apple to reportedly face EU antitrust fine
In March 2024, the tech giant was fined $2.01bn for limiting competition in music streaming through its App Store policies.
Apple to face first EU fine under new digital antitrust rules
The penalty, under the Digital Markets Act, is related to the iPhone maker's App Store Apple is set to face the first-ever fine under the European Union's new digital antitrust rules for Big Tech, representing an escalation of a clash with regulators over the dominance of its hugely profitable App Store.
Apple facing fine as high as $38 billion over App Store practices — what we know
It’s not clear how much Apple is likely to be fined right now, but EU rules mean regulators have the power to fine considerable sums of money. That starts with up to 10% of global sales, which can increase to 20% with repeated infringements. Other fines can account for up to 5% of average daily revenue.
Apple set to face fine under EU's landmark Digital Markets Act, sources say
Apple is set to be fined by the European Union's antitrust regulators under the bloc's landmark rules aimed at reining in the power of Big Tech, making it the first company to be sanctioned, sources with direct knowledge of the matter said on Tuesday.
Apple reportedly facing massive EU fine over alleged monopoly tactic
Mashable reported in June that the Europe Commission was investigating Apple for breaching its DMA laws, which went into effect in November 2022. Apple was previously hit with a w
Apple to be fined for breaching EU’s Digital Markets Act, Bloomberg reports
The European Union’s flagship market contestability regulation has been in force on a handful of tech giants for months. Since March, the bloc has had open investigations on several gatekeepers. But it’s Apple that will face the first Digital Markets Act (DMA) fine,
4d
on MSN
Credit Agricole, Credit Suisse lose challenges against EU cartel fines
Europe's second top court on Wednesday dismissed challenges by Credit Suisse (CSAG.UL), now part of UBS , and Credit Agricole ...
ndtvprofit
2d
Competition Commission Probe Finds Swiggy, Zomato Breached Antitrust Laws: Report
Swiggy and Zomato offered exclusivity pacts to food outlets, which prevents the market from becoming more competitive, the ...
2d
Exclusive-India's probe finds Zomato, Swiggy breached antitrust laws, documents show
An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition ...
1d
on MSN
NASCAR Championship 2024 notebook: Leadership mum on lawsuit, 'pissed off' about race manipulation, and more
Comments by NASCAR President Steve Phelps and Steve O'Donnell highlighted media availabilities prior to the Championship Race ...
pharmaphorum
10d
Teva fined €462.6m for antitrust delay to MS drug rivals
The fine of €462.6 million ($503 million) is believed to be the largest imposed on a pharma company for breaking antitrust ...
11d
on MSN
Google faces €2.4 billion penalty: How a UK couple won 15-year legal battle against the tech giant
Google was asked to pay €2.4 billion penalty after the European Court of Justice found it guilty and accused it of abusing ...
1d
Exclusive-India Finds Zomato, Swiggy Food Delivery Businesses Breached Antitrust Laws, Documents Show
Zomato entered into "exclusivity contracts" with partners in return for lower commissions, while Swiggy guaranteed business ...
HousingWire
4d
What a Trump victory would mean for antitrust enforcement
What would a Trump victory mean for antitrust enforcement? And would a Harris presidency really mean a continuation of the ...
1d
India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
The antitrust investigation against Swiggy and its top rival Zomato began in 2022 after a complaint by National Restaurant ...
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