ITALIAN COMPETITION WATCHDOG FINES APPLE, AMAZON $225M
Techlife News|27, November 2021
Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules.

An investigation found that provisions in a 2018 agreement between the U.S. tech giants limited access to Italy’s Amazon marketplace to selected resellers, the Italian Competition Authority said this week.

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AMAZON PLANS TO OPEN NEW CENTRAL INDIANA WAREHOUSE THIS YEAR

Mayor Steve Barnett said the exact number of expected jobs has not yet been shared with the city, the Daily Journal reported. City officials said the warehouse will receive inventory and workers will sort and ship orders.

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FACT CHECKERS SAY YOUTUBE LETS ITS PLATFORM BE ‘WEAPONIZED'

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HONDA EXEC: HIGH AUTO PRICES MAY DROP, BUT NOT DRAMATICALLY

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SPACE TELESCOPE'S EYE' OPENS, LAST MAJOR HURDLE ‘GOLDEN

NASA’s new space telescope opened its huge, gold-plated, flower-shaped mirror Saturday (08), the final step in the observatory’s dramatic unfurling.

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AFTER WAVE OF CANCELLATIONS, DELTA SEES RECOVERY IN 2022

Delta Air Lines lost $408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted Thursday that it will suffer one more quarterly loss before travel perks up in spring and summer.

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JUDGE SAYS FTC'S ANTITRUST CASE AGAINST FACEBOOK CAN PROCEED

A federal judge has ruled that the Federal Trade Commission’s revised antitrust suit against Meta, formerly known as Facebook, can proceed, shutting down the social media company’s request for a dismissal.

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TAIWAN CHIPMAKER TSMC SAYS QUARTERLY PROFIT $6 BILLION

Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips, reported Thursday its quarterly profit rose 16.4% over a year earlier to $6 billion amid surging demand for chips for smartphones and other electronics.

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GRAND THEFT AUTO MAKER BUYS FARMVILLE COMPANY IN $12.7B DEAL

Take-Two Interactive, maker of “Grand Theft Auto” and “Red Dead Redemption,” is buying Zynga, maker of “FarmVille” and “Words With Friends,” in a cash-and-stock deal valued at about $12.7 billion.

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The Oscar race may be missing in-person glitz this year, but it doesn’t lack for star power. Will Smith, Lady Gaga and Ben Affleck landed individual nominations for the 28th Screen Actors Guild Awards on Wednesday, while the casts of “Belfast” and “CODA” were among those nominated for the guild’s top award, best ensemble.

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5 Steps to Reach Your Money Goals in 2022

In addition to the new year bringing confetti and a fresh calendar, it’s a time to set big money goals for the next 12 months. That might mean finally paying off debt, buying a house or taking a long-delayed vacation.

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