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Stay updated with Baskin Wealth's August 2023 newsletter. Click here to gain valuable financial insights and investment strategies for a prosperous future...

The Chinese government is banning the use of iPhones by government officials at work, according to The Wall Street Journal...

The EU Commission on Wednesday designated 22 services of six major tech companies as "gatekeepers" of online services providing messaging to video sharing in its latest crackdown on Big Tech. The firms are Alphabet, Amazon, Apple , Meta, Microsoft and TikTok owner ByteDance. Under the DMA, which came into force in November, companies with more than 45 million monthly active users and a market capitalisation of 75 billion euros ($82 billion) are considered gatekeepers providing a core platform service...

In what could be the latest salvo of the tech trade war between Washington and Beijing, reports suggest government officials are banning workers from using Apple iPhones...

Also in today’s newsletter, Universal strikes streaming payouts deal and chipmaker Arm sets IPO price range...

The directive is the latest step in Beijing’s campaign to cut reliance on foreign technology and could hurt Apple’s business in the country...

The European Union on Wednesday targeted Apple, Amazon, Microsoft, Google parent Alphabet, Facebook owner Meta and TikTok parent ByteDance under new digital rules aimed at reining in the market power of online companies. The six companies were classed as online "gatekeepers" that must face the highest level of scrutiny under the 27-nation bloc's Digital Markets Act. The act amounts to a list of do's and don'ts that seeks to prevent tech giants from cornering new digital markets, with the threat of whopping fines or even the possibility of a company breakup...

Apple is testing the limits of how much people will pay for premium iPhones as it tries to drive revenue despite slowing global demand for smartphones. The tech company is expected by analysts to raise prices by as much as $100 for some updated models of its flagship device when it unveils the iPhone 15 at an annual promotional event set for Tuesday. The move to steer consumers to premium models has worked phenomenally for Apple in recent years, boosting revenue and profit even when the number of devices sold has been stagnant...

The EU Commission on Wednesday designated 22 services of six major tech companies as "gatekeepers" of online services providing messaging to video sharing in its latest crackdown on Big Tech. The firms are Alphabet, Amazon, Apple , Meta, Microsoft and TikTok owner ByteDance. A list of dos and don'ts set out in the European Union's Digital Markets Act (DMA) will force the sector to radically reshape its core business practices, a move which may encourage similar steps in other countries...