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...The EU’s probe into web apps would come after the March 6 deadline for companies to comply with the terms of the DMA, landmark legislation designed to tackle the power of Big Tech groups....
...That’s the way the system is set up.”...
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
...Apple could offer a more comprehensive service by embedding a third-party AI assistant in its operating system. Or it may be building its own. Dynamic new products would be welcome....
...Last Sunday, Elon Musk met China’s premier Li Qiang and clinched a favourable agreement with the tech giant Baidu to access its mapping and navigation systems....
...These databases now also power search websites such as Zillow. The commission system cost HomeServices clients $4.2bn in excess fees in 2023 alone, they alleged....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...Around the world, more attempts are being made to put limits on tech company power. Slowly, Apple’s closed ecosystem is being chipped away....
...The commission said it was investigating under the Digital Markets Act, a new law aimed at curbing the power of the biggest online platforms....
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...The week’s turbulence has also come at a time when Tesla faces its greatest challenges since EVs became mainstream: a brutal price war with Chinese rivals and the ramping up of great-power geopolitical rivalry...
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...Do also read the great John Plender’s essay on the overlooked threats to the global financial system....
...to use only its own payment system to keep them locked into its ecosystem, the US alleged....
...Let’s put aside the fact that Google’s Android mobile operating system controls 70 per cent of the market worldwide (and 40 per cent in the US)....
...Citing his trips to 17 countries last year, Fink wrote global politicians and businesspeople increasingly planned to invest in both oil and gas for energy security and green power for the energy transition...
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...“There is a tonne of capital that needs to be put into the system and stakeholders need to decide how that will work....
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
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...A version of this article was first published by Nikkei Asia on January 31. ©2024 Nikkei Inc. All rights reserved....
...“The client gets the benefit of two power brokers working who are incentivised,” Fatemi said. “The majority of clients don’t mind paying.”...
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