Apple is appealing a fine of 500 million euros imposed by the European Commission in April. The American tech company was fined because it is pushing to offer apps only in its app store. According to the Commission, Apple violates the Digital Markets Act. “We have filed an appeal today because we believe the European […]
Shell performed weaker in the second quarter in oil and gas trading than in the first three months of this year, partly due to the unrest on the oil market regarding the import duties announced by American President Donald Trump. According to Shell, the trading results for the past period will be considerably lower than […]
Oil prices dropped on Monday after OPEC+ announced an increase in production. The oil cartel will increase production by 548,000 barrels per day in August. That is more than was expected on the oil market. The price of a barrel of American oil (159 litres) dropped by more than 1 per cent in Singapore to […]
US President Donald Trump has announced on his platform, Truth Social, that the import tariffs for various countries will be announced by letter on Monday at noon local time (17:00 UK time). Trump also threatens additional tariffs of 10 percent for countries that join the “anti-American policy” of BRICS. BRICS is an economic cooperation organisation […]
Washington is on the verge of concluding multiple trade agreements. “We expect some major announcements in the coming days,” US Treasury Secretary Scott Bessent said in an interview with news channel CNN. He also stated that President Donald Trump will inform trading partners by letter that, if no agreement is reached, the United States will […]
Turkish competition authorities have launched an investigation into streaming service Spotify. Officially, the investigation is supposed to determine whether the Swedish company unfairly favoured certain artists, but the announcement comes just as a Turkish government official has criticised Spotify’s “provocative” playlists. According to the Turkish Competition Authority’s statement, the streaming service is suspected of using […]
TikTok is building a new version of its app for users in the United States, ahead of the planned sale of the app to a group of investors. The Information reports this, a technology news site. The short video platform plans to launch its new app in American app stores on September 5. On Friday, […]
