Fines

Major EU Fines Litigate Apple and Meta in Response to Trump Administration Threats

29 days ago

In a groundbreaking regulatory decision, tech giants Apple and Meta have found themselves at the center of a significant controversy after being slapped with fines amounting to a staggering $700 million by the European Union. This action stems from the companies' alleged non-compliance with the EU’s data protection regulations, which intensified in the wake of threats from the Trump administration to impose tariffs on European goods.

Apple Faces Potential EU Fines for Antitrust Violations; Meta Also at Risk of Penalties

2 months ago

In a significant development in the ongoing struggle between tech giants and European regulators, Apple Inc. is reportedly at risk of incurring substantial fines from the European Union due to alleged antitrust violations. This situation comes as part of broader scrutiny aimed at leading technology firms, with Meta (formerly Facebook) also facing potential penalties for non-compliance with EU regulations.

Oil Majors Restart Talks with Kazakh State on $5 Billion Kashagan Sulfur Fine

8 months ago

In a move that many have anticipated, big oil companies have restarted negotiations with Kazakhstan over a disputed $5 billion fine levied against them for the flaring of sulfur at the gigantic Kashagan oil field. Such renegotiation will have potential implications for the big players in the oil industry and for environmental laws affecting the region.

Meta Fined €91 Million by Irish Regulator Over Password Breach

8 months ago

Meta, the technology giant behind some of the world's largest social media platforms, including Facebook and Instagram, has been fined €91 million by Ireland's Data Protection Commission. The huge penalty follows findings by the regulator of serious breaches in password data protection practices at the company, which left millions of user accounts vulnerable to potential security threats.