The news is by your side.


EU fines chipmaker Qualcomm 1bn euros for Apple deal

PARIS: The EU on Wednesday hit US chipmaking giant Qualcomm with an antitrust fine of 997 million euros ($1.2 billion) for paying Apple to use its chips exclusively in iPhones and iPads. EU Competition Commissioner Margrethe Vestager said that by striking the agreement with Apple in 2011 that Qualcomm had "abused its market dominance" to unfairly shut out rival chipmakers such as Intel, denying choice to consumers. The fine is the latest blow struck by the EU against US tech giants and also a fresh hit for Qualcomm,…

Uber pays out $10 mn to get back on Philippine roads

MANILA: Ride-sharing app Uber said Tuesday it had paid nearly $10 million in fines and drivers' compensation to return to the Philippines' roads, after it was suspended for defying the government. The nation's transportation agency suspended Uber on August 14 for a month, saying the US-based company┬áhad ignored its order against accepting new driver applications. However the agency agreed to lift the order on Tuesday after Uber paid a fine of 190 million pesos ($3.7 million), plus another 300 million pesos ($5.8…

Bangladesh players fined for female guests – reports

DHAKA: The Bangladesh Cricket Board has levied a record fine on two national team players for what it called "serious" breaches of discipline after they reportedly entertained female guests in their hotel rooms. Pace bowler Al-Amin Hossain and batsman Sabbir Rahman were both fined around $15,000 for "serious off-field disciplinary breaches" during the ongoing Bangladesh Premier League (BPL) Twenty20 tournament, said the BCB in a statement late Tuesday. It gave no details of the charges against the players, but the…