Euros

The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion for breaking the bloc’s competition laws by unfairly favoring its own music streaming service over rivals.Apple banned app developers from “fully informing iOS users about alternative and cheaper music subscription services outside of the app,” said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer.“This is illegal, and it has impacted millions of European…

The European Union is set to impose a fine in the range of 500 million euros ($539 million) on Apple for allegedly breaking EU law over access to its music streaming services, the Financial Times reported on Sunday. The European Union is set to impose a fine in the range of 500 million euros ($539 million) on Apple for allegedly breaking EU law over access to its music streaming services, the Financial Times reported on Sunday. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility!…

New models like the Rafale help drive an increase in sales and profit at Renault last year. French automaker Renault on Wednesday said it had bounced back into profit in 2023 as sales rose due to new models and price increases that helped it attain a record margin.…

Amazon is facing a massive fine from France's CNIL. Amazon has been slapped with a fine to the tune of 32 million Euros for illegally tracking the movement as well as activities of its employees, solely to mark down their performance…

Credit: Unsplash/CC0 Public Domain Damage caused by sea level rises could cost the EU and UK economies up to 872 billion euros in total by the end of the century, according to a modeling study published in Scientific Reports. Ignasi Cortés Arbués, Theodoros Chatzivasileiadis, Tatiana Filatova and colleagues modeled the potential economic impacts of…

French artificial intelligence startup Mistral AI announced Sunday it had raised 385 million euros ($414 million), becoming one of Europe's two AI leaders.Founded in May by industry heavyweights, Mistral had already raised 105 million euros in June.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitMITMIT Technology Leadership and InnovationVisitAmong European AI firms, only…

Marketing agencies are turning towards AI generated models and "influencers" by the numbers since they are much more easier to work with, and can be controlled in a much more granular manner. However, AI-generated models are also drawing a lot of criticism…

Elon Musk's Tesla is set to launch its cheapest EV soon. The EV will first be launched in Germany for a starting price of around 25,000 Euros, and will then be launched in India. Tesla is also set to start importing its EV in India soon…

Principal Agent Problem in the Financial Industry. Credit: Universität Regensburg (2023). DOI: 10.5283/epub.54281 As part of the study titled "The impact of commission bans on household wealth: Findings from OECD countries," a team led by Professor Steffen Sebastian, Director at the Center for Finance at the University of Regensburg, investigated the impact of commission bans on the brokerage of financial investments.…

A Date For Tax Fraud Trial In Shakira’s Case Has Been Set ( Photo Credit – Instagram ) If the personal problems of Colombian singer-songwriter Shakira were not enough, it seems the crooner also has to deal with the law over her tax evasion case. The 46-year-old songstress might end up for 8 years in jail after she has been accused of evading taxes for more than 14.5 million euros and for defrauding the Spanish treasury between 2012 and 2014. Shakira might land behind bars if she is proven guilty. Shakira is accused…