Apple Could Attract Daily Fines Worth 5 Percent of Its Annual Global Turnover in the UK

Previous reports suggested that the British antitrust authority, the Competition and Markets Authority (CMA), won’t be able to regulate Big Tech firms like Apple without parliamentary approval. The Department of Culture, Media, and Sports (DCMS) says it will empower the CMA with the required powers to independently penalize tech firms that don’t comply with regulations. […]