Some items on our site have recently moved. Visit our News Hub for selected articles, special reports, podcasts and other resources.
Apple, Google fight to keep control of their app stores; and Credit Suisse’s Mozambique mess
29 October 2021 00:00
Both Apple and Google are grappling with mounting antitrust concerns over the way they manage their app stores. In a stunning development, Google has agreed to slash its Play Store commission fee from 30 percent to 15 percent — ending the set-in-stone cut that has become synonymous with doing business with app stores. Meanwhile, Apple is hoping to reach a settlement with small developers, in what is shaping up as a do-or-die struggle for the Big Tech company as it attempts to retain unfettered control of its App Store. Also on today’s podcast: the monster penalty imposed on Credit Suisse over financial-crime failings. The “tuna bonds” affair isn’t so much about the eye-watering $475 million fine as it is about how far the long arm of US justice can reach.
21 October 2021 20:23 by Michael ActonGoogle announced that it will reduce its up-front commission fee for digital subscriptions on its Play Store.
21 October 2021 00:53 by Michael ActonApple hopes to shore up its control of the App Store by convincing a California federal judge to sign off on a contentious settlement.
20 October 2021 13:25 by Martin CoyleCredit Suisse’s $475 million hit for serious financial-crime failings warns banks of the risks in doing business in parts of the world dogged by corruption.
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Michael Acton Senior Correspondent
Michael is a senior correspondent for MLex in San Francisco, where he moved in 2020 after working in our Brussels bureau. Before joining MLex, he reported on EU politics as the Financial Times’ Nico Colchester Fellow in Brussels. Michael has a degree in International Relations and Politics from the University of Cambridge, and a degree in History and French from University College London and Paris IV Sorbonne.
Martin Coyle Senior Correspondent
Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.