After slapping Alibaba with record penalties last week, the Chinese government has warned 34 other digital technology firms to step up efforts to adhere to antitrust regulations and make a public pledge to do so, the Financial Times reported. Get the Full Story Complete the...
The mass manufacture and distribution of vaccines means the pandemic will eventually come to a close, but its effects on the payments industry could very well be felt for years to come. Social distancing and stay-at-home orders have driven in-person retail shopping and consumer banking...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Prosecutors in Frankfurt are opening a criminal investigation into the way Germany’s financial regulatory authority BaFin supervised Wirecard AG, and whether a portion of the watchdog’s workforce traded shares unlawfully, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy...
For Alibaba, it may be a case of “pay up and move on.” The weekend brought a fine in the billions of dollars for the Chinese tech giant, which – though unlikely to have much financial impact – may carry reverberations for other large tech...
Chinese authorities have fined Alibaba $2.75 billion for alleged antitrust violations, Reuters and other news agencies reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Apple refused to offer a witness in a “timely manner” to testify at a hearing by the Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights to look into the competition issues that app stores bring to the surface, U.S. Sen. Amy Klobuchar...
Epic Games and Apple outlined their arguments in a dispute over Apple’s control of the App Store before an antitrust trial set to begin next month through their own separate legal filings, CNBC reported. Get the Full Story Complete the form to unlock this article...
As of Wednesday (April 7) the U.K. has created a new Big Tech regulator for firms like Google and Facebook with the purported goal of protecting the nation’s competitive media landscape, and attempting to discover if a code of conduct could improve the balance of...
