The Democratic Republic of Congo says Apple is sourcing minerals from armed groups committing atrocities. Belgium has launched a criminal probe into the DRC’s allegation. Donald Trump is sworn in as US president. Davos leaders reject climate banking group. And Toyota struggles to jumpstart hydrogen car sales.
The UK’s competition watchdog has launched an investigation into Apple and Google’s mobile platforms, just days after the government forced out its chair as part of a push to cut the regulatory burden on business.
Local smartphone makers Vivo and Huawei leapfrogged Apple to become the top two sellers in the Chinese market last year, dealing a blow to the iPhone maker as it struggles to introduce AI features on the mainland and fight competition from domestic rivals.
Daniel Ek’s body-scanning start-up Neko Health has raised $260mn in new capital to fuel expansion of its clinics to the US, as the Spotify founder aims to build what he called the Apple of healthcare.
Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.
Belgium has started a criminal probe into allegations that Apple has knowingly sourced “blood minerals” from the Democratic Republic of Congo, in what lawyers for the central African country have called a “massive laundering and greenwashing operation”.
The European Commission is reevaluating its probes into companies including Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META) and Alphabet's (NASDAQ:GOOGL) (GOOG) unit Google, the Financial Times reported.
The European Commission is reevaluating its probes into Apple, Meta, and Google's regulatory scrutiny under the Digital Markets Act. This review could alter the current probes, affecting decisions and potential fines.
Donald Trump unveils aggressive new policy measures at his inauguration. The Democratic Republic of Congo puts pressure on Apple over critical minerals. David Pilling Apple says it has undertaken all the steps that it can to ensure that the minerals do not come from these conflict mines. The allegation is that it can’t possibly know.
The European Commission is reevaluating its probes into tech giants including Apple, Meta and Alphabet's Google, the Financial Times reported on Tuesday. Francis Maguire reports.
Steven Cohen runs Point72 Asset Management, one of the most successful hedge funds in history as measured in net gains since inception. Apple stock returned 72% over the last two years, but those gains were driven entirely by valuation multiple expansion,
The federal law banning TikTok has revealed a major schism among American tech companies: Some are willing to flout the law — and some, including Apple and Google, are not.