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...Critics claim Apple has used security and privacy claims as a smokescreen to cover its anti-competitive behaviour....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...To adhere to the DMA, Apple plans to introduce a new fee structure in the EU that will slash the amount paid by companies using the App Store to sell digital goods and services from 30 per cent to 17 per...
...The court, however, supported Uber on its claims of algorithm transparency....
...PDT, owned by Canadian asset manager Brookfield, had accused the corporation of seeking to reduce the value of its business through the action, a claim the STDC denied....
...The core of the claim is that Apple uses its market-leading device to draw a growing share of services revenue from users, excluding competitors from access....
...Laying claim to them would be fraught with legal and political complexity, and the chances of significant recoveries for offshore creditors from the mainland look slim....
...The company, which operates Truth Social and plans to launch a streaming service in the next year, lost $49mn in the first nine months of 2023 and earned $3.4mn in revenue....
...That fee has been appealed against to the Delaware Supreme Court by multiple investment funds owning VMware shares who claim the amount is excessive....
...The court appointed A&M as liquidators following a successful legal claim over unpaid debts from Bahrain-based investment firm Asma Capital....
...The DoJ joins a growing global backlash against Apple’s tight control of its iOS ecosystem, which critics claim allows the company to levy monopoly fees and impose unfair business terms....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...Before the lawsuit was filed, Corinthia said that “any claims . . . would be without basis and vigorously defended”, adding: “We understand and expect that all exiting Barings employees will meet their enforceable...
...While Epic broadly lost a lower court judgment into its claims against Apple in 2021, a California judge ordered Apple to put an end to App Store rules that prevent developers from steering customers outside...
...Of course, there is customer service and access. But even those face tests....
...“Contrary to the attorney-general’s claims, BlackRock fully and accurately discloses our investment practices and our approach to proxy voting.”...
...Launches of funds claiming environmental, social or governance attributes all but dried up in the past six months, as investors baulked at increased scrutiny of sustainability claims by companies and asset...
...“The way we look at community banks sets Citi very much apart from our peer banks,” Butler said. Regulators have noticed as well....
...We are hopeful that the Senate will consider the facts, listen to their constituents, and realise the impact on the economy, 7mn small businesses, and the 170mn Americans who use our service.”...
...In 2014, the Financial Conduct Authority banned Jonathan Burrows, who worked as a managing director at BlackRock Asset Management Investor Services, from senior roles in the UK financial sector after he...
...This article has been amended to clarify the nature of claims made in the shareholder lawsuit that Dell Technologies agreed to settle for $1bn...
...Some would accept that their companies were not as valuable as once thought if that meant getting a deal done, said Butler....
...Google, meanwhile, argues that its charges are justified by the costs of running the Android mobile platform and all the other services it provides to developers, even when they do not use its payment service...
...Fidelity’s filings claim to address those concerns, in large part by limiting its multi-class funds to those that would avoid cash imbalances....
...He also took issue with the claims about energy companies, saying “BlackRock clients have more than $170bn invested in American energy companies” and touted last month’s $550mn investment by a BlackRock...
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