Fortnite calls on Apple to allow its developers back on app store September 10, 2021 Epic Games, the company behind Fortnite, has demanded that Apple restore its developer account on the app store as a legal battle over payments wages on. In August 2020, Epic Games was kicked off the app store for flouting lucrative rules which let Apple take a 30 per cent cut of in-app payments. In response, [...]
Bottom-up ESG: New platform wants to give retail investor army voting power for £1 September 9, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. The new UK-based activist investment platform wants to enable individuals to “vote with their money” for change from the inside at Amazon, Coca-Cola and Apple by investing as little as £1. [...]
Auto Moves: Ford poaches Apple car project lead Doug Field September 8, 2021 The leading vice president behind Apple’s car project, Doug Field, has reportedly been poached by rival car manufacturer Ford. Field, a veteran in the automotive industry, most recently served as vice president of special projects at Apple and was formerly senior vice president of engineering at Tesla. Set to lead Ford’s software and connectivity strategy, [...]
Protests and glitches on El Salvador’s first day of Bitcoin as legal tender September 8, 2021 Angry protests and confusion amongst citizens, technological glitches and a drop in market value plagued El Salvador yesterday, as the country made history by becoming the first in the world to adopt Bitcoin as a legal tender. As the change took hold, Bitcoin crashed to its lowest price in almost a month, plummeting from $52,000 [...]
This Kentish winemaker has just released the UK’s sweetest wine September 7, 2021 When you think of the great sweet wine producing regions you probably think of Sauternes in Bordeaux, the rolling hills of Austria, or the warm and humid vineyards of Hungary. But climate change is slowly but surely rewriting the rulebook for winemakers, and a Kentish producer has just released a late harvest wine with 122g [...]
Apple pushes back on controversial child protection features after privacy objections September 3, 2021 Apple will delay the release of its controversial new child protection features in order to collect more feedback and make improvements, after a feature that would scan customers’ phones and computers for child sex abuse images sparked widespread criticism for breaching user privacy. Over 90 policy and rights group worldwide, as well as Apple’s own [...]
Renaissance hedge fund execs to pay £5bn in back taxes September 3, 2021 Renaissance Technology executives and their family members have agreed to pay $7bn (£5bn) in back taxes and fines as part of a settlement with the US tax authority. The fines, which come as part of the largest tax settlement in US history, relate to trades made by the firm’s Medallion Fund between 2005 and 2015. [...]
UBS chief: Staff who choose not to get vaccine can work from home rather than office September 2, 2021 UBS employees who don’t want to receive the Covid vaccine can apply to work from home instead, the Swiss bank’s CEO Ralph Hamers announced today, indicating a more flexible approach than some banking rivals. Some banks, including Deutsche Bank, Morgan Stanley and Goldman Sachs, have mandated vaccines for staff returning to their desks in some [...]
Apple relaxes controversial App Store rules amid regulatory scrutiny September 2, 2021 Apple has agreed to make modest changes to relax its App Store rules after facing heat from regulators worldwide. The change will allow developers of “reader” apps to link to external sites for payments to avoid paying Apple’s controversial fees for in-app purchases, as high as 30 per cent. The changes, due to come into [...]
South Korea outlaws Google and Apple in-app payment systems August 31, 2021 South Korea’s National Assembly has approved legislation that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. South Korea is reportedly the first country in the world to pass such a bill, which becomes law when it is signed by the president, whose party has backed [...]