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Apple pays $13.7 million Russian fine, antitrust agency says

Economic Times

Economic Times · 1y ago

Apple pays $13.7 million Russian fine, antitrust agency says

Apple has paid a Russian fine of 1.2 billion roubles ($13.65 million) to the country's FAS antitrust agency. The fine was imposed due to Apple's alleged abuse of its dominant market position in relation to in-app payments. This comes after previous disputes between Russia and various foreign tech companies over unlawful content and user data storage. Apple had previously contested the FAS ruling but ultimately paid the fine on January 19th, with the funds being transferred to Russia's federal budget.

Related News

Russia fines Apple for violating 'LGBT propaganda' law: Report

Economic Times

Economic Times · 1m ago

Russia fines Apple for violating 'LGBT propaganda' law: Report

A Russian court fined Apple six million roubles for violating Russian LGBT propaganda laws, according to the TASS state news agency. This follows an earlier 7.5 million rouble fine against Apple for similar offenses. These actions are part of a broader crackdown on LGBT rights by Moscow, framed by President Vladimir Putin as a defense of traditional values. Apple has not commented on the fines yet.

Russian antitrust agency complains to Apple over users' limited payment services

Economic Times

Economic Times · 1y ago

Russian antitrust agency complains to Apple over users' limited payment services

Russia's antitrust agency, the Federal Antimonopoly Service (FAS), has asked Apple to explain why its Russian users do not have access to full functionality of banking and payment services on Apple devices. The FAS has previously fined Apple around $26 million for abusing its dominant position in the mobile apps market and in-app payments. The agency claims that most Russian banks have been removed from the App Store, preventing users from installing apps from outside the App Store. Apple has been asked to provide a detailed explanation to the FAS. Apple recently made concessions in Europe to comply with digital market regulations.

Apple hit with $162 million French antitrust fine over privacy tool

Economic Times

Economic Times · 4m ago

Apple hit with $162 million French antitrust fine over privacy tool

French antitrust regulators fined Apple 150 million euros ($162.4 million) for abusing its market position through its App Tracking Transparency (ATT) tool, marking the first antitrust penalty over ATT. The fine follows a prior EU fine for Apple’s conduct on the App Store. Complaints from advertisers and publishers prompted the fine, alleging ATT made advertising difficult, particularly for smaller publishers. Apple expressed disappointment but noted no required changes to ATT were mandated.

EU set to fine Apple in Spotify music streaming case

Economic Times

Economic Times · 1y ago

EU set to fine Apple in Spotify music streaming case

Apple is reportedly facing a fine of around €500 million ($543 million) from the European Union (EU) in an antitrust case related to its music streaming service. The European Commission accuses Apple of restricting competition by preventing Spotify and other music streaming companies from informing users about alternatives to the App Store. Additionally, the EU will likely require Apple to cease such practices, in line with the forthcoming Digital Markets Act. This fine is much smaller compared to previous penalties imposed on Google, while the EU is also examining Apple's decision to remove home screen web apps in compliance with the new regulations.

Russian intelligence says it collects WeChat data: What does that mean?

Economic Times

Economic Times · 2m ago

Russian intelligence says it collects WeChat data: What does that mean?

Russian counterintelligence agents are analyzing data from the Chinese app WeChat to monitor potential contacts with Chinese spies, as per a Russian intelligence document. The FSB (Russian domestic security agency) uses a tool called Skopishche to scrutinize WeChat data, including contacts and messages. This highlights Russian concerns over Chinese influence despite deeper bilateral ties. WeChat, lacking strong encryption, enables both Russian and Chinese surveillance, raising espionage apprehensions between the two nations.

Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine

Economic Times

Economic Times · 6m ago

Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine

Intel received 515.55 million euros in interest from EU antitrust regulators related to a 1.06 billion euro fine from 2009. After successfully appealing the fine in 2022, Intel sued for default interest, prompting the European Commission to compensate with 515 million euros. This payment reflects a growing trend of firms seeking default interest from the EU on annulled antitrust fines. Intel previously faced another fine of 376 million euros for certain anti-competitive practices.

India says spacecraft heading to moon working 'perfectly'

Reuters · 1y ago

India says spacecraft heading to moon working 'perfectly'

All systems on an Indian spacecraft heading to the moon are working "perfectly" and no contingencies are anticipated on the landing day, the country's space agency said on Monday, days after the failure of a Russian lander.

Why Apple's $2 billion fine is a $80 billion problem

Business Insider

Business Insider · 1y ago

Why Apple's $2 billion fine is a $80 billion problem

European regulators have fined Apple $2 billion for antitrust violations, causing a decline in the company's stock price by as much as 3%. This translates to an approximate loss of $80 billion in market value. While Apple is planning to appeal the fine, investors are concerned about the implications for the company's future. With no groundbreaking inventions on the horizon, Apple has been relying on its services business, particularly its app store, for growth. The hefty fine indicates that Europe intends to push Apple to open up its app store, leaving investors uncertain about the long-term impact on the company.

Apple to be hit by EU antitrust order in fight with Spotify

Economic Times

Economic Times · 1y ago

Apple to be hit by EU antitrust order in fight with Spotify

Apple could face an EU antitrust order over its dispute with Spotify. The European Commission is expected to issue a preliminary finding stating that Apple violated competition law with its App Store rules. This could lead to a potential fine and a requirement for Apple to change its business practices. Spotify has accused Apple of unfair treatment, claiming that the tech giant gives preferential treatment to its own music streaming service, Apple Music.

EU court should back Google's $2.7 billion EU antitrust fine, court adviser says

Economic Times

Economic Times · 1y ago

EU court should back Google's $2.7 billion EU antitrust fine, court adviser says

According to a court adviser, the European Court of Justice should support Google's appeal against a 2.7 billion Euro antitrust fine imposed by the European Union. The adviser believes that the fine was unjustified and disproportionate, stating that it disregarded the positive aspects of Google's search engine and undermined its innovative business model. The final judgement of the court is still pending.

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