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Added on the 18/07/2018 10:46:29 - Copyright : AFPTV - First images
The EU has hit Apple with a 1.8-billion-euro fine ($1.9 billion) for violating the bloc's laws by preventing music streaming services from informing users about subscription options outside of its App Store. "Apple did so by restricting app developers' ability to inform users of Apple devices about alternative cheaper options to purchase music available on the internet outside of the Apple ecosystem," commission vice-president Margrethe Vestager says in a statement. SOUNDBITE
The EU dishes out a 337.5 million euro ($366 million) fine to Mondelez, the US confectioner formerly known as Kraft behind major brands including Toblerone and Oreo, for restricting sales of products within the 27-country bloc. The giant "illegally restricted retailers from sourcing these products from member states where prices are lower" explains European Commission VP Margrethe Vestage, "and this allowed Mondelez to maintain higher prices." SOUNDBITE
The EU's powerful anti-trust regulator slaps tech giant Google with a new fine over unfair competition, in Europe's latest salvo against Silicon Valley. SOUNDBITE
American tech giant Google is set to learn whether it will face a record fine over its Android operating system.
The US Justice Department announces it is fining Binance, the world's biggest cryptocurrency exchange, a total of $4.3 billion over violations of anti-money laundering and sanctions laws. "This is one of the largest penalties we've ever obtained from a corporate defendant in a criminal matter," US Attorney General Merrick Garland tells reporters. SOUNDBITE
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