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PH foreign minister urges neighbors to stand together more strongly in South China Sea sabong

Date: 2024-07-27 14:59:26 | Author: BingoPlus Games | Views: 272 | Tag: sabong

LONDON — The European Union leveled its first antitrust penalty against Apple on Monday, fining the U sabong S sabong tech giant nearly $2 billion for unfairly favoring its own music streaming service by forbidding rivals like Spotify from telling users how they could pay for cheaper subscriptions outside of iPhone apps sabong Apple muzzled streaming services from telling users about payment options available through their websites, which would avoid the 30% fee charged when people pay through apps downloaded with the iOS App Store, said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer sabong “This is illegal sabong And it has impacted millions of European consumers who were not able to make a free choice as to where, how and at what price to buy music streaming subscriptions,” Margrethe Vestager, the EU's competition commissioner, said at a news conference in Brussels sabong Apple — which contests the decision — behaved this way for a decade, resulting in "millions of people who have paid two, three euros more per month for their music streaming service than they would otherwise have had to pay," she said sabong It's the culmination of a bitter, yearslong feud between Apple and Spotify over music streaming supremacy sabong A complaint from the Swedish streaming service five years ago triggered the investigation that led to the 1 sabong 8 billion-euro ($1 sabong 95 billion) fine sabong The decision comes the same week new rules take effect to prevent tech giants from cornering digital markets sabong The EU has led global efforts to crack down on Big Tech companies, including three fines for Google totaling more than 8 billion euros, charging Meta with distorting the online classified ad market and forcing Amazon to change its business practices sabong Apple's fine is so high because it includes an extra lump sum to deter it from offending again or other tech companies from carrying out similar offenses, the commission said sabong It's not the only penalty that the tech giant could face: Apple is still trying to resolve a separate EU antitrust investigation into its mobile payments service by promising to open up its tap-and-go mobile payment system to rivals sabong Apple hit back at the commission and Spotify, saying it would appeal Monday's fine sabong “The decision was reached despite the Commission’s failure to uncover any credible evidence of consumer harm, and ignores the realities of a market that is thriving, competitive, and growing fast,” the company said in a statement sabong It said Spotify stood to benefit from the EU's move, asserting that the Swedish streaming giant met over 65 times with the commission during the investigation, holds a 56% share of Europe’s music streaming market and doesn’t pay Apple for using its App Store sabong “Ironically, in the name of competition, today’s decision just cements the dominant position of a successful European company that is the digital music market’s runaway leader,” Apple said sabong Spotify said it welcomed the EU fine, without addressing Apple's accusations sabong “This decision sends a powerful message — no company, not even a monopoly like Apple, can wield power abusively to control how other companies interact with their customers,” Spotify said in a blog post sabong The commission's investigation initially centered on two concerns sabong One was the iPhone maker's practice of forcing app developers selling digital content to use its in-house payment system, which charges a 30% commission on all subscriptions sabong Those fees have turned into a significant part of Apple’s service’s division, which generated $85 billion in revenue during the company’s last fiscal year ending in September sabong Various legal and regulatory developments in the U sabong S as well as Europe that are threatening to undercut the Apple's commissions from the App Store have been weighing on the company's stock, which has fallen by 9% so far this year while the tech-driven Nasdaq composite index has gained 8% sabong Apple's shares declined 2 sabong 5% in Monday's trading in the U sabong S sabong But the EU later pivoted its focus to concentrate on how Apple prevents app makers from telling their users about cheaper ways to pay for subscriptions that don’t involve going through an app sabong The investigation found that Apple banned streaming services from telling users about how much subscription offers cost outside of their apps, putting links in their apps to pay for alternative subscriptions or even emailing users to tell them about different pricing options sabong “As a result, millions of European music streaming users were left in the dark about all available options,” Vestager said, adding that the commission's investigation found that just over 20% of consumers who would have signed up to Spotify's premium service didn't do so because of the restrictions sabong The fine comes just before new EU rules are set to kick in that are aimed at preventing tech companies from dominating digital markets sabong The Digital Markets Act, due to take effect Thursday, imposes a set of do's and don'ts on “gatekeeper” companies including Apple, Meta, Google parent Alphabet, and TikTok parent ByteDance — under threat of hefty fines sabong The DMA's provisions are designed to prevent tech giants from the sort of behavior that's at the heart of the Apple investigation sabong Apple has already revealed how it will comply, including allowing iPhone users in Europe to use app stores other than its own and enabling developers to offer alternative payment systems sabong Vestager warned that the commission would be carefully scrutinizing how Apple follows the new rules sabong “Apple will have to open its gates to its ecosystem to allow users to easily find the apps they want, pay for them in any way they want and use them on any device that they want," she said sabong (AP) sabong

EXPECTED to provide better opportunity for micro, small and medium enterprises (MSMEs), the Philippines has inked the second protocol to the Asean-Australia-New Zealand Free Trade Agreement (AANZFTA) sabong President Ferdinand Marcos Jr sabong made the announcement during the leaders’ plenary at the Asean-Australia Special Summit in Melbourne on Wednesday, March 6, 2024 sabong Marcos expressed confidence that the pact will continue to be responsive to the evolving multidimensional challenges in the business environment and complement region-to-region efforts to strengthen supply chain resilience, the expansion of trade and investment, inclusivity and sustainable development sabong “The Protocol will indeed benefit micro, small, and medium enterprises (MSMEs) inasmuch as it facilitates their participation in international trade by improving their access to markets and participation in the global value chains, as well as promoting the use of e-commerce,” he said sabong “With the momentum from the CEO Forum yesterday, and AANZFTA together with the Regional Comprehensive Economic Partnership (RCEP) Agreement, we are confident that we will usher in even more robust economic cooperation within our region and provide a legal framework for a more prosperous future,” he added sabong The AANZFTA is a comprehensive and single-undertaking free trade agreement that uncovers and creates new opportunities for approximately 663 million individuals in Asean, Australia and New Zealand, which has a combined Gross Domestic Product of approximately $4 trillion as of 2016 sabong It aims for a sustainable economic growth in the region by providing a more liberal, facilitative and transparent market and investment regimes among the twelve signatories to the agreement such which also includes Brunei Darussalam, Cambodia, Indonesia, Lao DPR, Malaysia, Myanmar, Singapore, Thailand and Viet Nam sabong Through the AANZFTA, tariffs will be progressively reduced from entry into force of the agreement, and eliminated for at least 90 percent of all tariff lines within specified timelines; movement of goods will be facilitated via a more modern and flexible rules of origin, simplified customs procedures, and more transparent mechanisms; and barriers to trade in services will be progressively liberalized allowing for greater market access to service suppliers in the region sabong The movement of business persons, those engaged in trade and investment activities, will be facilitated under the agreement; and covered investments will be accorded a range of protection, including the possibility of dealing with disputes via an investor-state dispute settlement mechanism sabong Meanwhile, Marcos welcomed Australia’s Southeast Asia Economic Strategy to 2040, an elaborate plan aiming to broaden and deepen the economic ties between Asean and Australia sabong He said the Philippines is looking forward to expanding the collaboration on agriculture and food security, digital economy, infrastructure, tourism and healthcare, which are key to achieving a strongly rooted, comfortable, and secure future for Filipinos and Asean citizens sabong “Through these 50 years, Australia has proven, time and again, its support for Asean as it continues its positive role in ensuring peace and stability in our region and our immediate neighborhood, now referred to as the Indo-Pacific,” said Marcos sabong “In Asean, Australia has consistently supported all Asean-led mechanisms through these 50 years sabong We appreciate the evolution of Australia’s strategic approach towards the region from the mere confines of the Asia-Pacific to our now wider common interests in the Indo-Pacific,” he added sabong He encouraged Australia to continue its active engagement both bilaterally and through Asean to ensure the primacy of peace and stability through confidence building, preventive diplomacy, and conflict resolution in the region sabong The chief executive also highlighted the country’s efforts in taking “bold and decisive actions” both domestically and in the international fora for climate change as it remains vulnerable to the harsh effects of climate change sabong Marcos reiterated the offer to host the Board of the Loss and Damage Fund for climate change noting that it would showcase its global commitment to inclusivity, ensuring that the voices and experiences of the most affected countries are heard and considered in shaping the most urgent of global climate policies sabong “In the Philippines, we have taken concrete actions by implementing policies and initiatives to reduce emissions by catalyzing investments in our rich sources of renewable energy,” he said sabong (TPM/SunStar Philippines) sabong Top-Rated Payment Methods Selection - BingoPlus Games

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