Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Apple and Amazon were previously slapped with a hefty $195 million fine by the Italian anti-trust regulators. However, on Monday, Oct. 3, it was revealed that the administrative court in Italy has thrown out the penalty that was imposed on the American tech firms.
According to Reuters, the country’s anti-trust body fined Amazon and Apple for a combined total of more than €200 million or about $195.3 million last year. They were accused of retail collusion and price fixing in the sale of Apple and Beats items.
In November of last year, Italy's antitrust regulator, L'Autorit Garante della Concorrenza e del Mercato (AGCM), started an investigation after it was alleged that Amazon and Apple were working together to prevent price cuts from other vendors. The AGCM later ruled that the companies cooperated in anti-competitive advances for the sale of their Apple and Beats devices.
The officials lowered the fine to €173.3 million earlier this year, and they said the move was due to a "material error" in the previous calculation. Then this month, the court scrapped the fine altogether, and in response, Amazon said it welcomed the Italian court’s decision.
On the other hand, the anti-trust authority refused to issue a statement regarding the latest development in its collusion case against Apple and Amazon. This means that the firms will no longer be asked to pay the 200 million euro fine for the retail collusion case in which they were accused of.
In the original court decision, Apple was levied with 134.5 million euros or a $131.5 million fine, while Amazon was handed down a 68.7 million euros or about $67.2 million penalty. Based on the documents, these numbers were calculated again in January after the officials discovered some "material error," and this was why it was reduced to 173.3 million euros. In the latest documents that were also seen by the media, the Italian administrative court has decided to throw out the fines in their entirety, as per Apple Insider.
