Marks & Spencer says the disruption related to its ongoing cyberattack is likely to knock around £300 million ($402 million) off its operating profits for the next financial year (2025/26). The beleaguered high street retailer made the admission in its fiscal 2025 profit and loss accounts for the year ended March 29, published on Wednesday, Read more about M&S warns of £300M dent in profits from cyberattack[…]
Broadcom has upped VMware licensing costs by between eight to 15 times since it took over the organization, and a lack of alternatives in the tech industry means trade and end customers have no choice but to play ball. This is the according to the European Cloud Competition Observatory (ECCO), an independent body formed by Read more about VMware price hikes 800-1,500%, claim Euro customers[…]
[…]The new lawsuit was filed May 2, 2025, following news that a federal judge found the tech giant in contempt of court for violating a 2021 antitrust injunction which required Apple to permit its app developers to sell subscriptions and other in-app products directly to their customers using links within their apps. Without the injunction Read more about Apple Hit with Class-Action Lawsuit for App Store Injunction Violation after Judge rules apple execs lied and willfully ignored injunction – join here[…]
Epic Games v. Apple judge Yvonne Gonzalez Rogers has ruled that, effective immediately, Apple can no longer take a cut from purchases made outside apps and has blocked the tech giant from restricting how developers can point people to third-party payment options. The judge was also not happy that Apple has seemingly not complied with Read more about Judge: Apple Lied In Fortnite Case, chose to not comply with court order, must immediately allow external payments without a cut[…]
Meta and Apple have earned the dubious honor of being the first companies fined for non-compliance with the EU’s Digital Markets Act, which experts say could inflame tensions between US President Donald Trump and the European bloc. Apple was penalised to the tune of €500 million ($570 million) for violating anti-steering rules and Meta by Read more about EC fines Meta, Apple €700M for DMA compliance failures[…]
A federal judge has ruled that Google maintained illegal monopolies in the digital advertising technology market. In a landmark case, the Department of Justice and 17 states found Google liable for antitrust violations. Federal Court Finds Google Violated Sherman Act U.S. District Judge Leonie Brinkema ruled that Google illegally monopolized two key markets in digital Read more about Google Found Guilty of Illegal Ad Tech Monopoly in US Federal Court Ruling[…]
People “are likely to continue working full-time even if they receive no-strings-attached universal basic income payments,” reports CNN, citing results from a recent experiment in Germany (discussed on Slashdot in 2020): Mein Grundeinkommen (My Basic Income), the Berlin-based non-profit that ran the German study, followed 122 people for three years. From June 2021 to May Read more about Germany’s ‘Universal Basic Income’ Experiment Proves It Doesn’t Encourage Unmployment[…]
The United Kingdom has banned “outrageous fake reviews and sneaky hidden fees” to make life easier for online shoppers. New measures under the Digital Markets, Competition, and Consumer Act 2024 came into force on Sunday that require online platforms to transparently include all mandatory fees within a product’s advertised price, including booking or admin charges. Read more about UK finally gets around to banning fake reviews and ‘sneaky’ fees for online products[…]
Much of foreign aid is spent on goods that are shipped overseas: food supplies, medicines, or humanitarian assistance in emergency situations.1 But a surprising amount of what’s reported as foreign aid is not sent abroad; it’s spent domestically. Foreign aid budgets in rich countries can include the costs of hosting refugees, some scholarships to foreign Read more about How much foreign aid is spent domestically rather than overseas?[…]
The Federal Trade Commission (FTC) has removed over 300 blog posts published during the agency’s leadership under former chair Lina Khan, Wired reports. These include posts that are critical of companies like Amazon and Microsoft for their handling of customer data. The FTC did not respond to a request for comment. As FTC chair during Read more about FTC removes posts critical of Big Tech from its website[…]
Brazil has ordered Apple to allow users to bypass the App Store and sideload apps within 90 days, according a report in Valor Econômico seen by 9to5Mac. The new ruling follows similar orders issued in Europe and elsewhere that were referenced by the Brazilian court. “[Apple] has already complied with similar obligations in other countries, Read more about Apple must allow app sideloading in Brazil within 90 days, judge orders[…]
GameStop CEO Ryan Cohen took to X on Tuesday to blame wokeness and DEI for the retail chain’s impending exit from Canada and France. The company, which managed to survive the pandemic thanks to the infamous memestock frenzy, has closed more than 700 stores since 2020 as more game distribution moves digital. In a release, Read more about GameStop CEO Scapegoats DEI for Company Troubles. So much for diamondhands then.[…]
After another round of mass layoffs and reports of slashed stock options for remaining employees, Meta has like clockwork opted to reward its top executives with a substantial bonus increase. The Facebook giant revealed in a government filing that its Compensation, Nominating and Governance Committee (CNGC) approved a target annual bonus increase for its top Read more about Meta slashes staff and their stock options, but it’s ok: executives’ annual bonuses just went from 75% base salary to 200% and stock is around 2000% of salary[…]
Amazon is once again demonstrating that buying things in today’s world does not mean you actually own them. The company is closing a loophole that enabled owners of Kindle books to strip them of their anti-piracy protection and take them elsewhere. Some avid digital books enthusiasts prefer other e-reading applications to Amazon’s Kindle—perhaps because another Read more about Amazon Is Making It Harder to Move Your E-Books Around[…]
Car technology is supposed to make driving safer, smoother, and more enjoyable. But Stellantis, the parent company of Jeep, Dodge, Chrysler, and Ram, seems to have taken a different approach—one that prioritizes ad revenue over user experience. In a move that has left drivers both frustrated and bewildered, Stellantis has introduced full-screen pop-up ads on Read more about Stellantis Introduces Pop-Up Ads in Vehicles, Bombarding your Jeep, Dodge, Chrysler display every time you stop[…]
[…]Buy now, pay later (BNPL) is an increasingly popular payment method, allowing customers to spread payment into interest-free installments over a few weeks or months. Worldwide BNPL spending was $316 billion in 2023 and is expected to grow to $450 billion by 2027. With major retailers such as Walmart and H&M partnering with BNPL providers Read more about Buy now, pay later installment payments increase retail spending, study finds[…]
The complaint, filed in May 2021, accuses Apple of breaching European and UK competition laws by “its exclusion of any other app stores from iOS devices” like iPhones and iPads. It claims that some 20 million Apple users may have been overcharged by the company “due to its ban on rival app store platforms”. The Read more about Billion-pound lawsuit against Apple over App Store opens in UK[…]
This report summarizes insights from the inaugural 2024 Open Source Software Funding Survey1, a collaboration between GitHub, the Linux Foundation, and researchers from Harvard University. The objective of this study was to better understand how organizations2 fund, contribute to, and otherwise support open source software. Key Findings Scale Organizations contribute $7.7 billion USD annually to Read more about 2024 Open Source Software Funding Report[…]
Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc.’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the world’s biggest tech companies. The department will ask the judge, who ruled in August that Google illegally monopolized the search market, to Read more about DOJ Will Push Google to Sell Chrome to help Break Search Monopoly[…]
Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the US tech giant’s first ever penalty for EU antitrust violations. In a groundbreaking decision, the European Commission ordered Meta to stop tying its classified-ads service to Facebook’s sprawling Read more about Meta Fined €798 Million by EU Over Classified Ads Dominance in Facebook[…]
U.K. consumer rights group ‘Which?’ is filing a legal claim against Apple under competition law on behalf of some 40 million users of iCloud, its cloud storage service. The collective proceeding lawsuit, which is seeking £3 billion in compensation damages (around $3.8 billion at current exchange rates), alleges that Apple has broken competition rules by Read more about Apple faces UK iCloud monopoly compensation claim worth $3.8B[…]
Pakistan’s Punjab province banned most outdoor activities and ordered shops, markets and malls in some areas to close early from Monday to curb illnesses caused by intense air pollution. The province has closed educational institutions and public spaces like parks and zoos until Nov. 17 in places including Lahore, the world’s most polluted city in Read more about Pakistan limits outdoor activities, market hours to curb air pollution-related illness – attacks symptom but not cause[…]
Corning’s Gorilla Glass is found in countless tech products, from smartphones and wearables to automobile windshields, and the European Commission has an inkling its success is due in part to the US-based business cutting anticompetitive deals. The EC announced a formal antitrust investigation into Corning yesterday, accusing the company of abusing its dominant position as Read more about Corning facing EU antitrust suit over Gorilla Glass seals[…]
f you didn’t hear back about that great-looking tech position you applied for, it might not be because there were too many applicants scrambling to find a job amid rolling layoffs. There’s a distinct possibility the posting was fake to begin with. We’re talking here about “ghost jobs” a practice of posting openings for positions Read more about Fake job postings proliferate in layoff-hit tech industry[…]
A Texas federal jury has awarded American Airlines a whopping $9.4 million in a lawsuit filed against Skiplagged.com, a website that helps travelers get cheaper flights by booking flights with a connection and then abandoning the connecting flight to the final destination. The airline industry loathes Skiplagged, even though there’s technically nothing illegal about the Read more about American Airlines Wins $9.4 Million From ‘Skiplagged’ Site That Exploits Airlines’ Overbooking Business Model[…]