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Europe News

Apple, Ireland lose €13bn tax deal case in victory for EU's 'tax lady'

Low tax bills paid by the tech giant were an unlawful subsidy, EU judges ruled, in a move which EU Competition Commissioner Margrethe Vestager hailed as a 'big win' for tax justice.

Europe News

Draghi’s report risks colliding with EU political reality

Bruegel expert Guntram Wolff told Euronews that translating the report into EU legislation won't be easy due to political instability in some key EU member states.

Markets

Investor enthusiasm lags for Apple’s AI-powered iPhone 16 series debut

Apple has revealed its latest iPhone 16 series, along with new Apple Watches and AirPods. Although the Apple Intelligence features were a highlight, the much-anticipated artificial intelligence (AI) functionalities will not be available until October.

Tech News

EU against Google and Apple: Big Tech's crunch day in court

The European Court of Justice is set to resolve two disputes worth billions of euros with big tech firms Apple and Google in the closing period of Margrethe Vestager's reign as EU competition chief.

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Tech News

iPhone 16 and AI: What to expect from Apple’s 'Glowtime' event

While it’s expected to be rolled out to users as early as October, don’t expect to see Apple intelligence in Europe anytime soon.

Tech News

Apple announces app changes to meet European DMA rules

Apple announced it would let EU users delete apps such as Safari and App Store.

Tech News

UK no longer investigating Apple and Google app stores

The UK is waiting for new competition legislation to possibly relaunch their investigations into Apple and Google’s app stores for restricting consumer choice.

Tech News

Apple updates app store developer policies following EU investigation

The tech giant is subject to an EU probe about its compliance plan with the Digital Markets Act.

Business

Samsung looks to find a good fit as it enters the smart ring market

Samsung is entering the smart ring market with a product of its own: the Galaxy Ring. It is competing with established players such as Oura but hopes the offer of a no subscription fee deal will give it an edge.

Business

China takes bite out of Apple's earnings as Amazon numbers weaken

The US tech giants Apple and Amazon reported mixed earnings results for the June quarter. While Apple consolidated its position as the world's most valuable company, Amazon disappointed investors with its light guidance.

Business

Why China and Apple Intelligence remain key for tech giant's growth

China remains a critical metric for Apple's earnings, with analysts projecting a 2.6% fall in sales in the country. The world's largest company faces fierce competition from Chinese domestic phone makers, particularly Huawei.

Economy

US-China trade war fears hits Microsoft and Apple share price

The US has already imposed restrictions on Chinese companies such as Huawei, which prevents it from receiving semiconductor chips, as well as telecommunications equipment from US manufacturers.

Money

Apple opening payments on iPhones solves EU competition concerns

Banks and other potential rivals previously argued it’s unfair they’re forced to use software controlled by the tech giant.

Business

Apple Intelligence rules out 2024 EU launch over antitrust laws

The decision is due to the EU's Digital Markets Act which requires devices to be able to work across all platforms, including competing producers.

Europe News

Apple breaches DMA with App Store rules, EU Commission says

The tech giant also faces a third non-compliance probe over its App Store.

Business

Germany battery maker Varta seeking recharge as yearly targets lowered

The firm blames pessimistic outlook on reduced demand in the energy storage market.

Business

AI boom propels Nvidia to the top as the world’s most valuable company

Nvidia surpasses Apple and Microsoft in market cap, becoming the most valuable company in the world, thanks to the artificial intelligence (AI) boom.

Markets

Goldman Sachs lifts target predictions for S&P 500 in 2024

Most of the Magnificent Seven tech stocks are contributing strongly to the S&P 500’s advancements at the moment, with other sectors such as healthcare and materials also seeing promising growth.

Tech News

Musk calls Apple ChatGPT integration 'unacceptable security violation'

The CEO of Tesla, SpaceX, and social media platform X criticised Apple's announcement of a new partnership with OpenAI.

Tech News

Apple unveils new artificial intelligence features and OpenAI deal

Apple has jumped into the AI race and will bring the technology to its latest devices, including ChatGPT into its Siri assistant.