Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

U.S. senators criticize Apple for not testifying on antitrust concerns

U.S. senators criticize Apple for not testifying on antitrust concerns

By Paresh Dave

(Reuters) -Apple Inc is refusing to testify at an upcoming U.S. Senate subcommittee hearing on competition issues related to mobile app stores, the bipartisan leaders of the panel said on Friday.

App makers long have accused Apple’s App Store for iPhones and iPads, along with Google’s Play store for Android devices, of engaging in anticompetitive behavior by requiring certain revenue sharing payments and setting strict inclusion rules. A subcommittee hearing was being planned for late April but no date has been set yet.

Senators Amy Klobuchar, a Democrat, and Mike Lee, a Republican, said they wrote to Apple Chief Executive Tim Cook on Friday urging the company to reconsider.

“A little more than two weeks before the planned hearing, Apple abruptly declared that it would not provide any witness,” the letter said. “Apple’s sudden change in course to refuse to provide a witness to testify…is unacceptable.”

Apple did not respond to a request for comment.

Apple and game maker Epic Games are scheduled to square off on those issues in a federal trial beginning May 3 in California.

Google has agreed to testify at the subcommittee hearing, a spokeswoman for Klobuchar said. The company did not have immediate comment.

(Reporting by Paresh DaveEditing by Marguerita Choy)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post