Apple agrees US ebook price-fixing settlement out of court June 17, 2014 Apple has agreed to settle an ebook price fixing lawsuit in the US. The tech giant avoided a trial and an estimated $840m payout in damages by agreeing to settle the lawsuit out of court. Consumers and legal representatives from 33 US states filed the civil lawsuit against the iPhone-maker and five book [...]
Bitcoin apps welcomed back to Apple with Coinpocket wallet June 16, 2014 Apple's rapproachment to cryptocurrencies appears to bearing fruit, with the first Bitcoin wallet app available to download on the company's iOS app store, according to Coindesk. Apple recently updated its guidelines to allow for apps transmitting "approved virtual currencies" so long as they do not break the law. The Coinpocket app gives users the same [...]
For Samsung Electronics boss Andy Griffiths life’s tough at the top of the tech table June 16, 2014 Samsung Electronics UK’s boss is always seeking innovations Samsung is at a tipping point. Its largest subsidiary, Samsung Electronics, maker of the hit Galaxy range of smartphones which generated total sales of $217bn (£128bn) last year, continues to see its core mobile business weaken, having reported its second straight quarter of declining profits in April. [...]
Florence’s four best boutique hotels June 13, 2014 Frequent flyers, particularly those travelling on business, see a lot of forgettable hotel rooms. Even if the corporate purse stretches to a five star offering, it’s normally a last-minute, practical booking in the centre of town. The global hotel franchises that cater to the busy and perpetually tired are experts at creating welcoming yet efficient [...]
iPhone charger recall issued due to “safety risk” June 13, 2014 Apple has issued a recall of European iPhone chargers over fears that it could overheat posing a safety risk. 37 countries where the 5W European USB power adapter was sold with iPhone 3GS, iPhone 4 and iPhone 4S models between October 2009 and September 2012 are affected. UK models of the 5W USB power [...]
EU opens probe into tax rules of business giants June 11, 2014 THE EUROPEAN Commission yesterday opened an investigation into the deals cut by Apple, Starbucks and Fiat with the European countries where they base their tax residencies. The Commission said it was looking at whether the countries’ tax treatment of multinationals, which help to attract investment and jobs that might otherwise go to where the companies’ [...]
Apple faces EU probe over Irish tax June 10, 2014 The European Commission is set to launch a probe into technology giant Apple’s tax affairs in Ireland, Irish broadcaster RTE has reported. The investigation is understood to be focused on Ireland, but could also include tax breaks in Luxembourg and the Netherlands. Apple is under close scrutiny after a US Senate committee report claimed that [...]
4 things revealed at E3 2014… other than computer games June 10, 2014 Microsoft and Sony dominated the first day of gaming expo E3 yesterday. While both focused on the dozens of games soon hitting the PS4 and Xbox One (this is a gaming conference after all) some notable non-gaming developments were also unveiled. 1. Cheaper Xbox One Microsoft has unbundled the Xbox One and Kinect [...]
Barclays fears Amazon and Google threaten traditional banks June 10, 2014 Customers will soon use tech firms like Amazon, Google and PayPal instead of banks, Barclays’ chief Antony Jenkins said today, promising to innovate more to compete with digital giants. The sector is already being shaken up by new banks being established, and big firms like Tesco offering current accounts. But Jenkins believes the [...]
Apple’s own app can’t understand its stock split June 9, 2014 Apple has just finished its first stock split since 2005, and it's confusing more than just humans. The company's own stocks app has been baffled, and reports that Apple has a market capitalisation of nearly $3.9 trillion. The tech giant's value is actually closer to $560bn, around a seventh of what users of the iOS [...]