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Apple, Meta Fined as EU Presses Ahead With Tech Probes

1 month 2 weeks ago
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. From a report: The EU fines could stoke tensions with U.S. President Donald Trump who has threatened to levy tariffs against countries that penalise U.S. companies. WSJ adds more details: The commission also issued cease-and-desist orders that could have a bigger impact than the fines. One order targets Apple's App Store and the other takes aim at Meta's use of personalized ads -- important revenue streams for each company. [...] The EU's action against Meta focuses on the company's effort to get users to agree to seeing personalized ads on Instagram and Facebook -- its main source of revenue. The commission ordered Meta to stop requiring users to either agree to those ads or pay for a subscription. It said it was still evaluating whether a "less-personalized ads" option that Meta introduced last fall complies with that order, raising the specter of further changes. The Apple case deals with the company's App Store rules. The commission said Apple had failed to comply with an obligation to allow app developers to inform customers, free of charge, of alternative ways to purchase digital products.

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More Than 80% of the World's Reefs Hit By Bleaching After Worst Global Event On Record

1 month 2 weeks ago
The world's coral reefs have been pushed into "uncharted territory" by the worst global bleaching event on record that has now hit more than 80% of the planet's reefs, scientists have warned. From a report: Reefs in at least 82 countries and territories have been exposed to enough heat to turn corals white since the global event started in January 2023, the latest data from the US government's Coral Reef Watch shows. Coral reefs are known as the rainforests of the sea because of their high concentration of biodiversity that supports about a third of all marine species and a billion people. But record high ocean temperatures have spread like an underwater wildfire over corals across the Pacific, Atlantic and Indian oceans, damaging and killing countless corals.

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