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Apple has launched the iPhone 16, its first AI-powered smartphone, featuring a new camera control button and the promise of Apple Intelligence. However, key AI features will not be available until next month, leading to mixed reactions from consumers and analysts amid rising competition from Huawei and others.
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The European Court of Justice has upheld a 2016 ruling requiring Apple to repay €13 billion in illegal tax benefits received from Ireland. This decision marks a significant victory for EU competition chief Margrethe Vestager, reinforcing the EU's stance against preferential tax arrangements for multinationals. The ruling concludes a lengthy legal battle that began in 2014.
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The European Court of Justice upheld a ruling that Ireland granted Apple illegal tax benefits, ordering the company to repay €13 billion. This decision has significant implications for Ireland's economy and its relationship with multinational corporations, as the funds are now in an escrow account pending distribution.