European regulators hit Microsoft with a new antitrust charge one day after the same regulatory body charged Apple with violating EU competition law.
of its view that the tech giant had been illegally bundling — or "tying" — its Teams software to other proprietary business software , including Office 365 and Microsoft 365.Fines for violations can run up to 10% of a company’s worldwide annual revenue. For Microsoft , global revenue in 2023 totaled $212 billion.
The EC on Monday took a similar step against Apple, informing the iPhone maker that the rules for its lucrative App Store violated a different antitrust law — the EU’s recently enactedApple defended its practices and said "we are confident our plan complies with the law." The EU, which was created in 1993, has a long history of moving more aggressively in its regulation of businesses than the US.In more recent years, the EU’s attempt to rein in tech giants has become a core focus. The EU's first major tech legislation, the
Wedbush analysts believe the market is starting to recognize that with Apple Intelligence on the horizon, Apple’s “AI-driven super cycle is about to begin.” -- Ganfeng Lithium has filed an international arbitration case against Mexico after the Latin American nation canceled a potential mining project valued at more than $1 billion.
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