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Apple is being sued for £1bn (£785m) by UK app developers over its App Store fees. Professor Sean Ennis from the University of East Anglia Centre for Competition Policy is bring the class action lawsuit on behalf of 1,566 app creators because of the tech giant’s “excessive” charges. Some app makers are charged 15% to
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Japan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market. Toyota lays off workers amid China’s EV transition Japanese automakers are stumbling in China’s evolving auto landscape. According to a new report from Reuters, Toyota’s joint venture with China’s Guangzhou Automobile
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Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards in its dealings with private investment firm Archegos Capital Management, officials said. Credit Suisse lost
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Saudi football club Al Hilal have made a world record £259m bid for Paris Saint-Germain striker Kylian Mbappe. Sky Sports News reported at least five clubs have contacted the French club in recent days about signing Mbappe – with Premier League sides among those interested. The 24-year-old has been put up for sale by the French champions, who
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