The App Store commission that Apple and Google imposes for in-app purchases is to be banned in South Korea after Parliamentary vote
News eCommerce
Apple Agrees App Store Deal With Small Developers
Ahead of a ruling in App Store dispute with Epic Games, Apple agrees to ease restrictions for small developers over payment billing
MasterCard To Drop Magnetic Stripes On Cards
No more swiping. Card giant Mastercard confirms that it will eventually drop the magnetic stripe on debt and credit cards
Criminals Use ‘Antinalysis’ To Evade Bitcoin Tracking
Cyber-criminals increasingly using blockchain analytics tools to evaluate how well Bitcoin-laundering techniques are working, study finds
Poly Network Hacker Offered $500,000 To Return Stolen Tokens
Poly Network confirms it offered 'white hat hacker' who stole $611m in digital tokens, a $500,000 bug bounty to return the stolen tokens
Facebook Accused Of Using Content Of Three Australian Publishers
Dustup down under, as three Australian publishers allege Facebook used content for its news service without their permission
Amazon Reinstates Mask Requirement For US Warehouse Staff
All Amazon staff in its US warehouse are now required once again to wear masks indoors, irrespective of their vaccine status
Weibo Removes Celebrity List Amidst China Social Media Crackdown
China's Twitter-like service Sina Weibo removes celebrity-ranking list following state criticism, as country's tech crackdown continues
Amazon Delays Office Return Until 2022
E-commerce giant Amazon becomes latest tech giant to delay staff returning to the office or campus, with offices only reopening in 2022
Uber CEO: Governments, Not Companies, Should Push Vaccinations
Boss of ride hailing firm explains reasoning behind why Uber office staff must have vaccinations, but not its fleet of drivers
Amazon Union Vote Result Should Be Scrapped, Says NLRB Official
The result from milestone trade union vote at Amazon warehouse in Alabama should be set aside, and a new vote should be held, says US official
EU Fines Amazon Record £637m Over Alleged Data Violation
European Union imposes record fine on Amazon over alleged violations of GDPR privacy law relating to advertising data, as company says it will challenge decision
Amazon Online Sales Growth Slows Amid Lockdown Easing
Growth for online shopping at Amazon settles down to more normal levels after the pandemic boost, but AWS continues to prosper
Visa Continues Fintech Push With Currencycloud Acquisition
London-based forex specialist Currencycloud is to be acquired by payment giant Visa, in a deal worth £700 million ($963m)
Amazon To Halt Covid Testing For US Workers
Too soon? E-commerce giant Amazon has confirmed it is to end testing for Coronavirus for warehouse workers at the end of this month
SAP Invests £216m In UK, Opens Offices In London, Manchester
Germany's most valuable company (SAP) is to invest £216m in the UK for the SAP UK Data Cloud, as well as open new offices
EU Halts Digital Tax Plan, Amid Ongoing OECD Effort
After G20 finance ministers agree to international corporate tax system of 15 percent, the EU puts its own digital tax plan on hold
SoftBank Buys Into Korean Travel Start-Up Yanolja Ahead Of US Listing
SoftBank's Vision Fund reportedly planning to buy 10 percent of South Korean hotel booking platform Yanolja as it looks to follow up Coupang success
Indonesia’s Bukalapak Plans $1bn Domestic IPO
Indonesian e-commerce firm Bukalapak set to become first tech 'unicorn' to make market debut in the country as it seeks to raise up to $1.13bn
Jeff Bezos Steps Down As Amazon CEO
The king is dead, long live the king. Amazon CEO and founder Jeff Bezos steps down today and is succeeded by veteran Andy Jassy
Tim Berners-Lee’s NFT Source Code Sells For $5.4m
Auction of an NFT of Tim Berners-Lee's original source code for the World Wide Web sells for $5.4 million at Sotheby’s this week
Government Welcomes EU Data Protection Agreement
Personal data will continue to 'seamlessly flow' between the United Kingdom and Europe, after European Union agreement
Apple To Bank On Revised Retail Store Strategy
Doubling down on its retail stores, after Apple retail chief confirms post pandemic extension of its retail operations in US
Amazon, Google Face CMA Investigation Over Fake Reviews
Thorny problem of fake reviews faces an official investigation, with the removal efforts of Amazon and Google being examined by UK watchdog
US Takes Aim At Big Tech, Approves Breakup Antitrust Bill
Big tech firms face real breakup threat after one draft antitrust bill in US House of Representative gains official approval
Amazon Signs 14 Renewable Energy Projects
E-commerce and cloud goliath Amazon signs 14 new renewable energy projects, as it races towards its 2025 renewable energy goal
Bitcoin Plummets To Below $30,000 Amid China Crackdown
Bitcoin digital currency falls below $30,000 in value on Tuesday for the first time since January, as China clampdown bites hard
China Extends Crackdown Against Cryptocurrencies
Hardening attitudes. China's central bank has urged banks and payment firms to crack down harder on cryptocurrency trading
World Bank Rejects El Salvador Bitcoin Request
Crypto setback? World Bank refuses a formal request from El Salvador to assist with implementation of Bitcoin as legal tender
US Bills Target Tech Giants’ Unchecked Power
Five draft bills in US House of Representative build on last years' antitrust hearings with measures that target tech giants' key business practices