A new global survey of companies and institutional investors commissioned by ING, the multinational banking and financial services corporation, shows the pandemic, as a ‘white swan’ moment – perhaps an unintended positive outcome – which has accelerated the majority of companies’ green banking and financial services corporation plans. At the same time, investors are demanding […]
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Epic Games submitted a complaint Tuesday about Apple’s alleged “monopolistic practices” to the U.K. competition watchdog, which is investigating the iPhone maker over concerns it has a dominant position in app distribution. The move by the maker of the popular video game Fortnite is the latest salvo in its bitter battle over Apple’s App Store. […]
U.K. authorities have launched an investigation into Apple’s App Store over concerns it has a dominant role that stifles competition and hurts consumers. The Competition and Markets Authority said Thursday it was looking into “suspected breaches of competition law” by Apple. The announcement adds to regulatory scrutiny of the iPhone maker’s app distribution platform, which […]
Microsoft is teaming up with European publishers to push for a system to make big tech platforms pay for news, raising the stakes in the brewing battle led by Australia to get Google and Facebook to pay for journalism. The Seattle tech giant and four big European Union news industry groups unveiled their plan Monday […]
A lack of competition for Google and a lack of transparency in the digital advertising supply chain needed to be addressed because they were impacting publishers, advertisers and consumers, Australia’s competition watchdog said on Thursday. The Australian Competition and Consumer Commission released its interim report on its inquiry into the Google-dominated digital advertising services industry […]
Many of Big Tech’s expected future regulatory challenges are a result of their own making – as in the case of Facebook, Google, and Amazon. These companies are being charged by some countries with monopolistic tendencies, prompting some of the regulators in states to send warnings to these firms so they can get their act […]
Australia’s competition regulator on Tuesday delayed for three months its decision on Google’s plan to buy fitness gadget maker Fitbit for $2.1 billion despite the European Union giving conditional approval to the deal. The European Union regulators last week approved the deal after Google promised to restrict user data and ensure Android phones work with […]
Social media and other internet companies face big fines in Britain if they don’t remove and limit the spread of harmful material such as child sexual abuse or terrorist content and protect users on their platforms, officials said Tuesday. Separately, Irish regulators fined Twitter for a data breach, in the first penalty for a U.S. […]
The head of the Food and Drug Administration says his agency has told Pfizer that it “will rapidly work” to grant emergency use of its COVID-19 vaccine following a positive recommendation by government advisers. The FDA decision will kickstart an unprecedented vaccination campaign needed to eventually defeat the virus. The FDA’s greenlight of the vaccine, […]
The giant tech companies whose services are woven into the fabric of social life are now the targets of a widening assault by government competition enforcers. Regulators filed landmark antitrust lawsuits Wednesday against Facebook, the second major government offensive this year against once seemingly untouchable tech behemoths. The Federal Trade Commission and 48 states and […]