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...The timing of the announcement and the amount of the fine could change, they added....
...The EU’s move comes as it imposes new scrutiny on the iPhone maker, particularly over the company’s $85bn-a-year services business....
...“It’s about becoming the lead player in the mRNA field.” Moderna, Pfizer and BioNTech were three of the biggest corporate winners from the pandemic, with their jabs the widest used across the world....
...A tie-up would give Tapestry a dominant slice of what the company has identified as the “accessible luxury” handbag market, the FTC said....
...The company’s last major acquisition was the $16.6bn takeover of heart device maker Abiomed in November 2022....
...In a filing on Tuesday evening, the electric-car maker said it had “updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the...
...Brussels is probing Apple’s move to kick Fortnite-maker Epic Games from its App Store, escalating a confrontation between the bloc’s regulators and the iPhone-maker as a landmark law targeting Big Tech takes...
...In a sweeping antitrust lawsuit the US on Thursday alleged that the iPhone maker had betrayed that slogan, locking millions of its users into a powerful monopoly that has made it one of the most valuable...
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...Tesla has already reported an 8 per cent fall in car sales in the first three months of the year compared with the same period in 2023....
...Measured by revenues and profits, Apple has long been the top smartphone maker thanks to the iPhone’s dominance at the high end of the market....
...The iPhone maker said on Friday that the Cyberspace Administration of China had ordered the applications’ removal from the Apple App Store in the country because of “national security concerns”....
...Now, they are even facing competition from overseas makers in their home market....
...The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating...
...It points to the high price of smartphones, the grip Apple has over app distribution and lack of access it provides to the iPhone operating system....
...Scaringe said that executives at the company still “firmly believe in the full electrification of the auto industry, but recognise in the short term the challenging macroeconomic headwinds”....
...One fewer handbag maker will be negative for everyone other than shareholders of the acquirer. But to make its case, the FTC defines a specific market of “accessible luxury.”...
...“Devin Nunes is the proverbial loser who tries to blame ‘naked short selling’ for his falling stock price,” the Miami-based market maker said....
...Mentioned in this podcast: Tesla shareholders braced for worst results in 7 years Why oil prices remain steady even as Middle East tensions escalate Covid vaccine makers to clash in London over mRNA patent...
...The world’s fastest-growing major smartphone maker is now Transsion, the Shenzhen-based manufacturer behind the Tecno, Itel and Infinix brands....
...On Friday, the struggling jet maker confirmed it was considering reacquiring Spirit AeroSystems....
...The insinuation from the two handbag makers: Khan and her staff are not avid Vogue readers. The glossy Condé Nast title has a list of more than 40 must-have bags for the “accessible” set....
...Athleisure retailer Lululemon and sneaker maker Nike, reporting last week, both fell short of the mark....
...Buffett’s sprawling conglomerate, which owns the BNSF railroad and Geico insurer, first invested in the iPhone maker in 2016 at the direction of one of his two investment deputies: Todd Combs and Ted Weschler...
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
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