39_European_Business_Magazine_Autumn_2020

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Latest News Apple to pay $113m too settle iPhon iPhone ne ‘batterygate’ bat Apple will pay $113m (£85m) to se le alleg ga ons that it slowed down older iPhones. Thirty-three US U states claimed that Apple had done this to drive u users into buying new devices. Millions of people were affected when the models of iPhone e6 and 7 and SE were slowed down in 2016 in na scandal that was dubbed ba erygate. App ple declined to comment. However, it has previously said the phones were slowed to pre eserve aging ba ery life. The deal is separaate from a proposed settlement Apple reached in March to pay affected iPhone owners up p to $500m in a class ac on lawsuit. In 2016 Apple updated so ware on models of the iPhone e 6, 7 and SE - which thro led chip speeds on aging phones.

Unusual slowdowns Apple acknowledged its update reduced power demands a er researchers found unusual slowdowns in 2017. The states argued that Apple had acted decep vely and should have replaced ba eries or disclosed the issue. According

to an Ariizona filing, millions of users were affected by power shutoffs. Apple denies that the e slowdown was for financial gain. Bu ut Arizona Attorney General Mark Brnovich wrote in a court document made public on Wednesday: “Many consume ers decided that the only way to get imp proved performance was to purchase a newer-model iPhone from Apple. “Apple, of course, fully understood ssuch effects on sales.” Under the settle ement, Apple did not admit to any wro ongdoing or breaking any law. The tech tan also agreed for the next three years to provide “truthful information” about iPhone power management across its website, so ware update notes and iPhone se ngs. The se lement comes a er a series of other allega ons against Apple. It is currently locked in a legal ba le with Epic Games - amid accusa ons the iPhone-maker uses its stranglehold over its App Store to unfairly charge developers.

EU auditors see uphill battle for EU antitrust regulators versus big tech EU an trust enforcers face an uphill ba le in tackling tech giants abusing their dominance because of the difficulty of finding remedies, the EU’s budget watchdog said on Thursday in its first audit of the regulators. The report by the European Court of Auditors comes as cri cs of Google voiced frustra on at what they say is ineffec ve enforcement of a series of EU rulings ordering it to stop favouring its own online services to the disadvantage of compe tors. Besides Google, European Compe on Commissioner Margrethe Vestager is also inves ga ng Amazon, Apple and Facebook. “Although the Commission has taken a number of case decisions tackling challenges resul ng from the digital economy, significant challenges remain to be resolved,” the watchdog said. “For example, prac ces in digital markets can cause damage to consumers. However, it is difficult for the Commission to find appropriate remedies to tackle an apparent compe on problem as determining consumer harm can be par cularly complex.” The ECA said the issue applies not just to internet companies but also businesses involved in digital innova on such

as those in energy, telecommunica ons, financial services and transport. It said part of the problem lies in EU an trust rules which only allow enforcers to act a er wrongdoing has been commi ed. The Commission “needs to scale up market oversight to be fit for a more global and digital world. It needs to get be er at proac vely detecting infringements and select its inves ga ons more judiciously,” said ECA’s Alex Brenninkmeijer who was in charge of the report. EU an trust officials however have swa ed away arguments that they are not able to do their job well in digital cases. “EU compe on rules are flexible enough to deal with digital markets,” Commission Director General for compe on Olivier Guersent told an online event on Wednesday. europeanbusinessmagazine.com 11


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Articles inside

Ai In Banking Hype Or Revolu on

12min
pages 98-104

Why Now Is The Time To Tokenize The World

4min
pages 96-97

How To Build Up Partnerships - Remotely

24min
pages 89-95

Lessons In Leadership From The Best In The Business Lloyd Salmons, Co-Founder, Peptalk

21min
pages 80-85

European Business Talks With With Nick Morley

11min
pages 72-75

How The Union Is S fl ing Economic Development And Why Europe Will Never Flourish Under The Eu

7min
pages 78-79

Leveling The Field: How The Rule Of Law And A Free Press Are Crucial In Interna onal Business

10min
pages 86-88

Substack: Independent Wri ng Has Never Been So Easy

4min
pages 70-71

The Storming Cbd Market In Europe

7min
pages 68-69

The Clock Is Tik Toking Why The Use Of Apps Like Tik Tok Are Necessary In Modern Business

6min
pages 66-67

How Joe Biden Will Aff ect European Business

13min
pages 62-65

Unlocking The Power Of Data-Driven Linear Tv For Business Success

4min
pages 60-61

Morocco: A New Genera on Of Civil Servants Paving The Way For Industry 2.0

13min
pages 52-57

Would Uk Businesses Gain In Eu Reloca on

3min
pages 58-59

European Business Magazine Talks To Lamia Tazi

9min
pages 49-51

European Business Talks Exclusively To Mr Mohammed Benchaaboun

14min
pages 44-48

Morocco Bridging The Gap

5min
pages 42-43

Morocco s Moment: Supply Chains Reimagined

4min
pages 40-41

Morocco Building Back Be er

7min
pages 38-39

Latest News

32min
pages 11-21

Leadership In An Uncertain World: Why C-Levels Need To Con nually Ques on

14min
pages 32-35

Portugal Fintech: Capital Raising Of Startups Increased To €276M

3min
pages 28-29

Blockchain: Its Rela onship With Cryptocurrency And Beyond

6min
pages 22-23

Global Debt At Risk Of “Qualita ve Change

5min
pages 30-31

Relentless Cyber Threats Calls For Omnipresent Protec on

5min
pages 26-27

Why Is Big Data So Important

6min
pages 24-25

Covid 19 And The European Pharma Industry

7min
pages 36-37
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