Ecuador Court Convicts Ex-President Lenin Moreno in Bribery Case 
Judge Blocks Trump Rule Limiting Foreign Student Visas 
Maduro Seeks Dismissal of US Drug Trafficking Charges 
UN Chief Raises Concern Over US Sanctions on ICC Officials 
Bashar al-Assad Sentenced to Death by Syrian Court 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
US Judge Dismisses Gautam Adani Criminal Charges 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Hormuz Vessel Traffic Drops to Single Digits 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
US Weighs New Sanctions Against Brazil Supreme Court Justice Alexandre de Moraes 
Treasury Buyback Fails to Cool Long-Term Yields 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Add as a preferred source on Google
A federal judge granted an injunction sought by Epic Games by ordering Apple Inc. to allow developers from receiving payments outside its App store, taking a big bite out of the Phone maker's profitability.
The App Store takes in over $20 billion annually with a profit margin above 75 percent.
US District Judge Yvonne Gonzalez Rogers found Apple to have engaged in anticompetitive conduct for keeping consumers from getting cheaper prices by enforcing its anti-steering restrictions on developers.
But Rogers said the court cannot ultimately conclude that Apple is a monopolist.
Rogers said the remedy is to eliminate those provisions, which would increase competition, increase consumer choice and information, and increase transparency while preserving Apple’s iOS ecosystem which has procompetitive justifications.”
Epic sought a court order in August 2020 to stop what it called Apple’s “illegal restraints” on the competition. The iPhone maker had removed the Fortnite game from its App Store after Epic created a workaround to paying a 30 percent fee on customers’ in-app purchases.
However, Epic Games was also ordered by Rogers to pay Apple at least $4 million in damages for breach of contract.
Epic has also filed complaints against Apple in the EU, UK, and Australia, and is suing Google over its Google Play store.
