Apple to appeal €500m fine over app store rules
Apple declare they will appeal a €500m (£431m) fine handed to them by the EU over rules within their app store.
The EU declare the tech firm breached regulations by preventing app developers revealing customers cheaper deals by acquireing outside the Apple app store environment.
For their part, Apple declare declare Brussels rules have built it “confapplying” and declare they have gone “far beyond” law requirements.
The app store and rules were redesigned and a new fee structure brought in for app developers.
Karl Matchett8 July 2025 09:46
What is going on with Trump’s tariffs? All you necessary to know as trade deal deadline delayed again
New controversial trade tariffs announced earlier this year by Donald Trump for all nations exporting products to the US were due to come back into force this week. But that deadline has now been delayed — and there is suggestion it’s not really a deadline at all.
So what’s the state of play now and what comes next?
Karl Matchett8 July 2025 09:20
FTSE 100 flat after Asian stocks rise on Trump tariff talks
Despite those Asian nations being hit by tariff rates, stocks were broadly up overnight in stock markets, with Japan’s Nikkei 225, Hong Kong’s Hang Seng and the Shanghai Composite all concludeing the day’s trading in the green.
This morning in London, the FTSE 100 is…also up. But only just.
It’s fairly flat in early trading, up just 0.04 per cent, with France’s CAC 40 and Germany’s DAX largely following suit so far.
Karl Matchett8 July 2025 08:58
Full list of new tariff rates sent out by Trump
Here are the 14 nations who have been given new tariff rates, effective from 1 August, in order of highest to lowest:
- Laos 40%
- Myanmar 40%
- Cambodia 36%
- Thailand 36%
- Serbia 35%
- Bangladesh 35%
- Indonesia 32%
- Bosnia and Herzegovina 30%
- South Africa 30%
- Tunisia 25%
- Kazakhstan 25%
- Malaysia 25%
- South Korea 25%
- Japan 25%
Japan’s prime minister Shigeru Ishiba confirmed that his government would continue to hold talks with the US, seeking a better deal for both.
“It is deeply regrettable that the US government has announced a further increase in tariffs, in addition to the rates already imposed,” he declared.
Karl Matchett8 July 2025 08:46
US sconclude out tariffs to 14 nations with new rates
Despite President Trump announcing a delay to the tariffs deadline – now 1 August – 14 nations have now been sent letters detailing a new tariff rate for them.
Several Asian nations have been particularly hard-hit, with rates up to 40 per cent.
In terms of the most business activity with the US, Japan and South Korea are the two countries who between them account for 8.5 per cent of all US imports – they both have 25 per cent rates starting next month.
Karl Matchett8 July 2025 08:40
Business news live – Tuesday 8 July
Good morning! Welcome back to The Indepconcludeent’s live coverage of the business world – today’s focus will be very much on tariffs and the latest impacts there, but also we have stock market news, one British company going into administration and plenty more besides.
Karl Matchett8 July 2025 08:21
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