The UK’s Competition and Markets Authority (CMA) is introducing a new bill that could lead to multibillion-pound fines for major tech companies like Apple, Amazon, and Google for breaching its rules. The multifaceted bill is designed to promote competition and protect consumers by giving the CMA the authority to tackle the “excessive dominance” of tech…
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Apple is facing a potential $39.4 billion fine from the European Union (EU) after the European Commission announced it had issued a Statement of Objections against the company over concerns regarding its App Store rules for music streaming services that compete against Apple Music. The Commission is alleging that “Apple’s anti-steering obligations are unfair trading…