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13 mentions found


☆ Apple wants to know what developers really think about its App Store changes. It may regret asking.
  + stars: | 2024-02-05 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +5 min
Read previewApple is about to find out what developers really make of its App Store shake-up . The iPhone maker has started to offer 30-minute online consultations to any app maker seeking to give feedback on a raft of controversial changes made to its App Store last month . To address lawmakers' concerns, Apple set about allowing third-party app stores onto iOS. AdvertisementFor one, it can expect to hear strong thoughts about rules dictating which third-party app stores will be allowed onto its operating systems. That said, it's still open to talk about topics including alternative distribution on iOS, alternative payments in the App Store, and more.
Persons: —, Tim Sweeney, Daniel Ek, Don Emmert, Sarah Bond, Apple, Sweeney, It's, Zach Meyers, it's Organizations: Service, Union's, Business, Apple, EU, Epic, iOS, Getty, Center, European Locations: Cupertino , London, Singapore, AFP, @Zach_CER
☆ Europe wants to Trump-proof in case of a second term. But that is not an easy task
  + stars: | 2024-01-14 | by ( Luke Mcgee | ) edition.cnn.com   time to read: +8 min
CNN —Former US President Donald Trump briefly returned as a central character in European politics earlier this week. Multiple EU officials and diplomats noted to CNN that his sudden recollection came at a particularly sensitive time, as the EU attempts to build its own defense capabilities outside of the US-led NATO alliance. Whether Trump actually made these comments or not is largely immaterial to European officials. And his hostility toward the Ukraine war effort has an impact even now, playing into the Republican Party’s reluctance to pass more US funding for Ukraine. Christine Lagarde, head of the European Central Bank, said only this week that Trump’s return would be a “threat” for Europe.
Persons: Donald Trump, Thierry Breton, Trump, Ursula von der Leyen, ” Breton’s, Russia’s Vladimir Putin, Letitia James, Spencer Platt, ”, Joe Biden, Europe’s, Ian Bond, ” Donald Trump, Jim Watson, Angela Merkel, Jesco Denzel, there’s, Christine Lagarde Organizations: CNN, Former, European, Republican, NATO, New York, Getty, Ukraine, “, Trump, EU, Centre, Economic, European Central Bank Locations: Europe, Iowa, Ukraine, New York City, Brussels, EU, United States, America, China, Davos, AFP, Russia, Beijing, Moscow, Charlevoix , Canada, European
☆ The EU is stuck with its one-trick refugee policy
  + stars: | 2023-10-09 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
Barring an influx of younger people from Africa and Asia, the EU will become increasingly old, weak and irrelevant. Instead, the EU is focussing on stopping irregular migrants crossing the Mediterranean. To be fair, each EU country has procedures for dealing with migrants who arrive through legal routes. That’s a long way short of the height of the Syrian crisis in 2015, when about 1.8 million refugees crossed EU borders. The hope is that the Mediterranean countries will then process asylum seekers when they arrive - and the EU’s internal borders will stay open.
Persons: Giorgia Meloni, Marine Le, Italy don’t, Martinez, Peter Thal Larsen, Katrina Hamlin, Thomas Shum Organizations: Reuters, Eurostat, EU, Reuters Graphics, Italian, Centre, European, Bank, Thomson Locations: Africa, Asia, EU, Spain, Europe, Turkey, Libya, Tunisia, Egypt, Lampedusa, Tunis, West Balkan, United Kingdom, That’s, Germany, Austria, Poland, Italy, Hungary, Saharan Africa, Latin America
☆ How big banks won the banking crisis
  + stars: | 2023-09-05 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Before the Bell: Now that the dust is hopefully settling on this year’s regional banking crisis, are there clear winners and losers in the banking sector? David Kotok: There’s no question the [global systemically important banks, G-SIB] won and the middle-sized banks — let’s call that banks with between $50 billion and $250 billion in assets — were the losers. So if you stand back from the immediate 2023 banking crisis, and you say, how many banks were there 20 years ago in the United States, how many banks are there today? The UK economy is bigger than we thoughtThe UK economy recovered from the Covid-19 pandemic much faster than previously thought, reports my colleague Hanna Ziady. For many office workers around the United States, it also means more return-to-office mandates.
Persons: JPMorgan Chase, Bell, David Kotok, he’s, SIB, Jamie Dimon, J.P, Morgan, hasn’t, Hanna Ziady, John Springford, Andy Jassy, CNN’s Jeanne Sahadi, unaddressed, Merck Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, UBS, JPMorgan, Republic Bank, Cumberland Advisors, —, Credit Suisse, First, Federal Reserve, Office, National Statistics, ONS, Centre, European Reform, Labor, Amazon, Business Locations: New York, Silicon, First Republic, United States, Jekyll, America, Hanna Ziady ., Germany, Canada, Japan, Italy, France, Britain
☆ The UK economy is bigger than we thought. It still has ‘a growth problem’
  + stars: | 2023-09-04 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +5 min
London CNN —The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard status overnight. The ONS had said as recently as last month that UK GDP had still not reached its pre-pandemic size by the second quarter of this year. “UK growth has still been very sluggish, even if it’s not at the bottom,” said Prof. Huw Dixon, who leads research in economic measurement at the National Institute of Economic and Social Research. So while the size of the economy is bigger than we thought, Britain still has a growth problem.”Richer dataIn 2020, the UK economy suffered its biggest slump in more than three centuries, recovering sharply the following year off a low base. Annual GDP growth for 2021 was also revised up by 1.1 percentage points to 8.7%.
Persons: ” Ruth Gregory, “, ”, Huw Dixon, ” Dixon, ” John Springford, Richer, That’s, Frost, Darren Morgan, Henry Nicholls, Jeremy Hunt, Gregory, Nomura Organizations: London CNN, Office, National Statistics, ONS, Capital Economics, National Institute of Economic, Social Research, CNN, Centre, European Reform, Getty Images, Bank of England Locations: Germany, United States, Canada, Japan, Italy, France, Britain, Petticoat Lane, AFP, United Kingdom
☆ Why the UK spring budget won't fix the economy's problems
  + stars: | 2023-03-15 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +7 min
London CNN —The last time a British finance minister unveiled a “budget for growth,” UK financial markets crashed and mortgage rates shot up, threatening to tip an already weak economy into a deep recession. But he will deliver his budget against essentially the same gloomy backdrop: the UK economy is stuck in the doldrums. John Springford, deputy director at the Centre for European Reform, estimates that Brexit had cost the UK economy 5.5% of GDP by June 2022. SVB could depress UK bank lendingAnother factor that could weigh on the UK economy in the near term: Silicon Valley Bank. “It is likely that UK financial conditions will remain tighter (or potentially significantly tighter) over coming months than they would have been without the US banking troubles,” Pickering said in a research note Monday.
☆ Brexit slammed the UK economy. The Northern Ireland deal gives it hope
  + stars: | 2023-02-28 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +8 min
It delivers “long-lasting solutions” that will work for the people and businesses of Northern Ireland, she added. It also allows the UK government to determine sales tax rates for businesses in Northern Ireland and gives the Northern Ireland government emergency powers to oppose new EU rules on some goods. A boost to BritainBeyond its importance to Northern Ireland, the deal eases the uncertainty Brexit created for Britain. The new Northern Ireland deal opens the door to closer UK-EU cooperation on financial services, energy, immigration and scientific research, according to experts. “You need to address the Protocol before you do anything else,” said Anna Jerzewska, the founder of international trade consultancy Trade & Borders.
☆ Three years on, Britain still waits for Brexit dividend
  + stars: | 2023-01-30 | by ( Andy Bruce | ) www.reuters.com   time to read: +6 min
Britain exited the EU on Jan. 31, 2020, though remained in the bloc's single market and customs union for 11 more months. The government, led by Brexit-supporting Prime Minister Rishi Sunak, says Britain is prospering with new-found freedoms. "Our problems pre-date Brexit," Lyons said, pointing to chronically low rates of investment in Britain. Exports, especially in goods, have disappointed over the last three years - despite high hopes for a "Global Britain" rebalancing of the economy after Brexit. Britain still boasts higher rates of employment and lower unemployment than most EU countries but there are some signs that Brexit may have impacted the labour market too.
☆ The fog in the English Channel is clearing a bit
  + stars: | 2023-01-16 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
But if the two sides can resolve a dispute over Northern Ireland there could be progress on topics such as climate change, foreign policy and financial services. Resolving the dispute over the so-called Northern Ireland Protocol is the key to unlocking cooperation on a range of topics. But a deal on Northern Ireland could be. Johnson agreed to such a forum as part of the political declaration accompanying the Brexit deal but then abandoned it. “Fog in the Channel: Continent cut off” is a mythical UK newspaper headline which supposedly summed up Britain’s disdain for its neighbours.
☆ Brexit has cracked Britain’s economic foundations
  + stars: | 2022-12-24 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +10 min
Brexit has erected trade barriers for UK businesses and foreign companies that used Britain as a European base. While Brexit isn’t the cause of Britain’s cost-of-living crisis, it has made the problem more difficult to solve. The Brexit deal, known as the Trade and Cooperation Agreement, came into effect on January 1, 2021. The deal is “the world’s largest zero tariff, zero quota free trade deal,” the spokesperson added. The Organization for Economic Cooperation and Development expects the UK economy to shrink by 0.4%, ahead only of sanctioned Russia.
☆ Musk plans to relaunch Twitter premium service, again
  + stars: | 2022-11-25 | by ( Associated Press | ) www.nbcnews.com   time to read: +5 min
LONDON — Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the service after a previous attempt backfired. Twitter previously suspended the premium service, which under Musk granted blue-check labels to anyone paying $8 a month, because of a wave of imposter accounts. Originally, the blue check was given to government entities, corporations, celebrities and journalists verified by the platform to prevent impersonation. In the latest version, companies will get a gold check, governments will get a gray check, and individuals who pay for the service, whether or not they’re celebrities, will get a blue check, Musk said Friday. It’s also likely to put the company on a crash course with European regulators seeking to clamp down on harmful online content with tough new rules.
☆ Breakingviews: Delusions of grandeur are root of Britain’s chaos
  + stars: | 2022-10-21 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The immediate cause of the chaos Truss unleashed was her failure to heed the advice of her hero Margaret Thatcher. Truss might have got away with large tax cuts and a big increase in spending if central banks were still flooding the global economy with cheap money. Its supporters maintained leaving the EU would put rocket boosters under the UK economy. But delusions of grandeur meant this global phenomenon played out in the UK in a specific way. BRITAIN’S MANY STRENGTHSObservers such as former U.S. Treasury Secretary Lawrence Summers have described Britain as a bit like an emerging market.
☆ Delusions of grandeur are root of Britain’s chaos
  + stars: | 2022-10-21 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The immediate cause of the chaos Truss unleashed was her failure to heed the advice of her hero Margaret Thatcher. Truss might have got away with large tax cuts and a big increase in spending if central banks were still flooding the global economy with cheap money. Its supporters maintained leaving the EU would put rocket boosters under the UK economy. But delusions of grandeur meant this global phenomenon played out in the UK in a specific way. BRITAIN’S MANY STRENGTHSObservers such as former U.S. Treasury Secretary Lawrence Summers have described Britain as a bit like an emerging market.
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