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Apple Becomes First Target Of EU’s New Digital Competition Rules Aimed At Big Tech

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LONDON — On Monday, European Union regulators filed the first allegations under the bloc’s new digital competition regulation, accusing Apple of prohibiting software developers from directing users to cheaper alternatives outside its software Store.

According to the European Commission’s early conclusions, the iPhone maker’s limits on developers using its mobile App Store violate the Digital Markets Act of the 27-nation bloc.

The rulebook, also known as the DMA, is a comprehensive set of restrictions to prevent electronic “gatekeepers” from monopolizing digital marketplaces under the fear of severe financial penalties. After taking effect in March, the commission launched a first set of inquiries, including a separate ongoing examination into whether Apple is doing enough to make it easy for iPhone users to switch web browsers and additional instances involving Google and Meta.

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Apple | AP News Image

Apple Becomes First Target Of EU’s New Digital Competition Rules Aimed At Big Tech

Apple has faced pressure from both sides of the Atlantic to remove some competitive obstacles surrounding its lucrative iPhone business. This year, the US Justice Department filed a massive antitrust lawsuit against Apple, accusing the company of unjustly monopolizing the smartphone market, locking out competitors, limiting innovation, and unfairly raising prices. App developers such as Spotify had long complained about Apple’s restriction that subscriptions be purchased solely through iOS applications, which allowed the corporation to charge up to a 30% fee.

According to the DMA, app developers must be able to advise clients about cheaper purchase options and direct them to those offers.

The commission, the bloc’s executive arm, stated that App Store policies “prevent app developers from freely steering consumers to alternative channels for offers and content.”

Apple now has the opportunity to reply to the results. The commission must conclude Apple’s compliance by March 2025. The corporation could face fines of up to 10% of its global revenue, equivalent to billions of euros or daily penalties.

The commission increased the pressure on Apple by initiating a fresh probe into the contractual terms it offers app developers.

Regulators focused on a “core technology fee” of 50 euro cents (54 cents), which Apple now charges developers for each download and installation of their programs from sources other than Apple’s App Store. The DMA’s regulations pave the path for other app stores, giving consumers additional options.

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Apple | Cap Image

Apple Becomes First Target Of EU’s New Digital Competition Rules Aimed At Big Tech

The commission stated that the additional terms are a “condition for access to some of the new features enabled by the DMA.” Rivals had questioned the price, claiming it would dissuade many existing free apps from leaving the platform.

“We are concerned that Apple’s new business model makes it too difficult for app developers to operate as alternative marketplaces and reach their end users on iOS,” European Commissioner for Competition Margrethe Vestager stated on social media.

Apple Inc. stated that during the last few months, it “has made a number of changes to comply with the DMA in response to feedback from developers and the European Commission.”

“We are confident our plan complies with the law, and estimate more than 99% of developers would pay the same or less in fees to Apple under the new business terms we created,” according to a statement from the company. “All developers doing business in the EU on the App Store have the opportunity to utilize the capabilities that we have introduced, including the ability to direct app users to the web to complete purchases at a very competitive rate.”

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Apple | Medium Image

Apple Becomes First Target Of EU’s New Digital Competition Rules Aimed At Big Tech

The corporation announced it will “continue to listen and engage” with the commission.

Since 2020, the EU has conducted a similar inquiry to determine whether Apple’s in-app purchasing system and limits breach Brussels’ antitrust regulations. However, “to avoid multiple investigations into the very same conduct,” the commission said Monday that the probe is being closed to focus on the investigation under the DMA, which explicitly spells out what Apple cannot do.

SOURCE – (AP)

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Chinese Woman’s Video Goes Viral Over Exploding Indian Population in Canada

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Chinese Woman's Video Goes Viral Over Exploding Indian Population in Canada
In the video on X, she remarks, “This is terrible”

A video of a Chinese woman expressing her dismay at the large number of Indians in Canada has gone viral on social media platform X. In the video the woman states she was shooting from a spot where people take their driving tests. “It’s dreadful she says.

Indians surround me in Canada. I’ll record a video for you to view. I am at this driving licence testing location. She goes on to say that individuals who were uninformed of her whereabouts incorrectly assumed she was in India.

The video has since received more than 2.7 million views, 2,400 comments, and 4,700 reshares on X.

Frank Deschushin, an X user, stated, “If the current rate of Indian immigration to Canada continues, Canada will become India West in relatively short order.” Indians outnumber all other populations entering Canada in total, and it’s not even close.”

He also posted a Forbes study on X, which indicated that in 2022, with 118,095 Indian immigrants, India would outnumber the next largest source countries for permanent residents.

Another person said, “I said it ten years ago: Canada will be Indianized by 2050. “Well on track, if not even ahead of that.”

“The administration wants Indians. “More than it wants Chinese,” another user stated.

Canada’s Explosion of India Immigrants

According to Forbes, since 2013, the number of Indians entering to Canada has more than doubled thanks to Justin Trudeau’s open immigration policy.

According to a new survey, many Indian students have chosen to attend Canadian institutions over American universities since Canada’s social policies are superior to those in the United States.

According to the National Foundation for American Policy, the number of Indian immigrants to Canada increased by 326% between 2013 and 2023, from 32,828 to 139,715 individuals.

In the last two decades, Indian enrollment at Canadian universities has increased by more than 5,800%, from 2,181 in 2000 to 128,928 in 2021, an increase of 126,747 students.

Between 2016 and 2019, Indian overseas students enrolled in US institutions decreased by 13% while increasing by 182% in Canadian universities. Diplomatic tensions between India and Canada have impacted Indian student visa approvals in the near term.

According to the NFAP data, international student enrollment at Canadian institutions increased by 544% between 2000 and 2021, from 62,223 to 400,521.

Although Canada recently imposed a two-year limit on new international student permits, the government exempted students pursuing master’s and doctoral degrees. The Canadian government is extending the validity of several post-graduate work permits for graduate school programs.

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Inflation Continues to Decline, Surpassing Projections.

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Inflation

(VOR News) – A study published by the Bureau of Economic Analysis on Friday shows that although on an annual basis the measure of inflation regularly tracked by the Federal Reserve dropped more than expected, in August it showed a minor increase.

The report’s presentation of this data was Direct results of this event were people’s expectations on the Federal Reserve’s desire to drastically lower interest rates grew.

Beginning the month, the price index for personal consumption expenditures rose 0.1% then by 2.2% annually from the start of the month. Although this is less than the projected 2.3%, it is also less than the 2.5% rate noted in July.

Apart from the cost of food and energy, the core index gained 0.1% month-on-month. Conversely, the average annual rate showed a notable rise from 2.6% the month before to 2.7%.

August electricity price inflation dropped 0.8%, indicating an improvement.

Though it is not as well-known as the consumer price index, Federal Reserve Chairman Jerome Powell is a big proponent of the PCE. The Federal Reserve lowered interest rates by fifty basis points and declared that it was certain that inflation was under control. A little over a week has passed since the Fed made those announcements before this report.

“Friday’s weaker-than-expected PCE data increases the likelihood that the Federal Reserve will cut interest rates at both the November and December meetings,” states Bellwether Wealth President and Chief Investment Officer Clark Bellin.

As the chief investment officer of Bellwether Wealth put it, this is just one more piece of evidence showing that interest rates don’t have to be that much higher than the rate of inflation.

The Federal Reserve made the right move last week when it decided to lower interest rates by a more significant 50 basis points than was initially projected, based on data from the Consumer Price Index that was announced on Friday.

This is due to the possibility that the economy may suffer if interest rates are kept at an unreasonably high level for an extended length of time.

A day after the government presented its final estimate of second-quarter GDP growth, the report was made public. Concurrently, the government increased the rate of economic growth for the 2021–2023 era.

Inflation occurred as the country recovered from the COVID-19 pandemic.

The country’s savings rate and income growth were both higher than previously estimated, according to the revisions, indicating that consumers may still have the wherewithal to make purchases.

According to Inflation Cetera Investment Management’s chief investment officer, Gene Goldman, data has been coming in stronger than anticipated since July.

Vice President Kamala Harris might benefit from the economy, which has done better than expected, as she strives to succeed President Joe Biden in the White House. In the event that Harris defeats former President Donald Trump in November, she stressed on Wednesday that she will handle the economy in a “pragmatic” manner.

She proposed a plan that included raising the tax deduction cap for business owners, giving first-time homebuyers financial incentives, and supporting initiatives aimed at advancing manufacturing and sustainable energy.

Harris is still having trouble with inflation because a lot of Americans believe that the Biden administration is to blame for the price increases that have occurred over the last three years.

Prices are still rising for most goods compared to before the pandemic, even though they are not rising as quickly as they did in 2022, when consumer inflation was rising at a rate of 9% annually.

According to a comment from Allianz Trade’s chief economist for North America, Dan North, “inflation continues to accumulate over time.” It started in 2021, and prices went up after that.

SOURCE: US

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Elon Musk’s X Follows Brazilian Supreme Court Orders and Seeks to Lift The Ban.

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Elon Musk

(VOR News) – According to a document seen, Elon Musk’s X has significantly retreated after providing the Brazilian Supreme Court with evidence that it has complied with directives to limit the dissemination of false material and convincing a judge to lift a ban on the platform.

This content was made available in response to a request made by the Brazilian Supreme Court. This happens at the same time as the millionaire is fighting “censorship.”

Many close to Elon Musk in Brazil think that service might be restored in a few days, even though the court hasn’t made a ruling regarding X’s return yet. This is true even though the court hasn’t rendered a decision yet.

The social media company made a number of accommodating moves that marked a significant retreat in Elon Musk’s months-long battle with Justice Alexandre de Moraes. This led to the request to resume operations in Brazil, one of X’s biggest and most sought-after markets.

By late August, the judge, who has led the local fight against alleged assaults on democracy and the political use of disinformation, had successfully blocked Brazilians’ access to the website that was formerly known as Twitter.

For quite some time, Elon Musk has been dealing with this issue.

The decision was made to take such a drastic measure in response to Musk’s disregard for Moraes’ instructions. Elon Musk had already decided that X’s operations in Brazil should be discontinued.

The court battle resulted in the freezing of Moraes’s accounts at satellite Internet provider Starlink, which led to Elon Musk calling Moraes a “dictator.” The accounts of Moraes were locked. This turned out to be the case because Elon Musk owned another significant corporation at the time the court battle reached it.

Elon Musk, who considers himself to be an advocate for free speech, has been embroiled in a number of recent legal battles with governments that are trying to impede the spread of false material online, including those in Australia and the United Kingdom.

In an attempt to accomplish their objectives, several administrations have been making this effort. There were several disputes that occurred, the altercation with Brazil being just one of them.

Brazil was ranked as the sixth-largest market in the United States, with an estimated 21.5 million people using X there.

Senior researcher Thiago de Aragao of the Centre for Strategic and International Studies in Washington said, “Musk was afraid to lose market share and he also realised that this was a nonsense battle and that Brazilians were not turning their backs on Justice Alexandre de Moraes as he had expected.” Together, these two insights guided Musk to pull out from the fight.

“Elon Musk was also aware that this battle was a waste of time.”

Utilising third-party cloud services was X’s most recent attempt to get around Moraes’ restrictions. This allowed Brazilians to use the company’s platform in defiance of the embargo, but the attempt was a failure, especially after Moraes threatened to fine the company heavily.

At the end of the previous week, X adopted a more accommodating stance by designating a local attorney in accordance with Moraes’ mandate. This action was taken in response to Moraes’ request.

The corporation that Elon Musk controls stated in the paper that it had blocked nine accounts that were being investigated for hate speech and false information. The document was submitted to the Brazilian Supreme Court. That specific case was the subject of the investigation.

His reversal of position is a particularly encouraging development. Former Brazilian ambassador to the United States Rubens Barbosa stated in a Reuters interview that he believes the law should be obeyed rather than broken, regardless of one’s personal opinion of the law.

According to two people who are aware of Elon Musk’s mental processes, the billionaire will adopt a very different strategy if X goes back to Brazil.

This is a result of X being a Brazilian business. Furthermore, they said that even while he is still capable of being hostile, there’s a good chance he will still try to abide by the law. One of the people declared that “he will fight in the courts from this point forward.”

SOURCE: NDTV

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