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Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act.

The new policies are a complicated system of fees and programs for app makers, with some developers now paying three separate fees for one download. Apple also is going to introduce a new set of rules for all app developers in Europe, which includes a fee called the “core technology commission” of 5% on all digital purchases made outside the App Store.

The changes Apple announced are not a complete departure from the company’s previous policy that drew the European Commission’s attention in the first place.

Apple said it did not want to make the changes but was forced to by the European Commission’s regulations, which threatened fines of up to 50 million euros per day. Apple said it believed its plan is in compliance with the DMA and that it will avoid fines.

“The European Commission is requiring Apple to make a series of additional changes to the App Store,” an Apple spokesperson said in a statement. “We disagree with this outcome and plan to appeal.”

A spokesperson for the European Commission did not say that Apple was no longer subject to the fine. He said in a statement that the EC is looking at Apple’s new terms to see if the company is in compliance.

“As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps,” the spokesperson said in a statement.

The saga in Brussels is the latest example of Apple fiercely defending its App Store policies, a key source of profit for the iPhone maker through fees of between 15% and 30% on downloads through its App Store.

It also shows that Apple is continuing to claim it is owed a commission when iPhone apps link to websites for digital purchases overseas despite a recent court ruling that barred the practice in the U.S.

Under the Digital Markets Act, Apple was required to allow app developers more choices for how they distribute and promote their apps. In particular, developers are no longer prohibited from telling their users about cheaper alternatives to Apple’s App Store, a practice called “steering” by regulators.

In early 2024, Apple announced its changes, including a 50 cent fee on off-platform app downloads.

Critics, including Sweden’s Spotify, pushed back on Apple’s proposed changes, saying that the tech firm chose an approach that violated the spirit of the rules, and that its fees and commissions challenge the viability of the alternative billing system. The European Commission investigated for a year, and it said on Thursday that it would again seek feedback from Apple’s critics.

“From the beginning, Apple has been clear that they didn’t like the idea of abiding by the DMA,” Spotify said last year.

Epic Games CEO Tim Sweeney, whose company successfully changed Apple’s steering rules in the U.S. earlier this year, accused Apple of “malicious compliance” in its approach to the DMA.

“Apple’s new Digital Markets Act malicious compliance scheme is blatantly unlawful in both Europe and the United States and makes a mockery of fair competition in digital markets,” Sweeney posted on social media on Thursday. “Apps with competing payments are not only taxed but commercially crippled in the App Store.”

The European Commission announced the 500 million euro fine in April. The commission at the time said that the tech company might still be able to make changes to avoid the fine.

Apple’s restrictions on steering in the United States were tossed earlier this year, following a court order in the long-running Epic Games case. A judge in California found that Apple had purposely misled the court about its steering concessions in the United States and instructed it to immediately stop asking charging a fee or commission on for external downloads.

The order is currently in effect in the United States as it is being appealed and has already shifted the economics of app development. As a result, companies like Amazon and Spotify in the U.S. can direct customers to their own websites and avoid Apple’s 15% to 30% commission.

In the U.S., Amazon’s iPhone Kindle app now shows an orange “Get Book” button that links to Amazon.com.

This post appeared first on NBC NEWS

(TheNewswire)

Vancouver, BC TheNewswire June 30, 2025 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (‘Element79’ or the ‘Company’) announces its forward corporate guidance for the remainder of 2025, outlines recent strategic developments regarding its Lucero Project in Peru, and reaffirms its operational focus on its advanced-stage projects in Nevada, USA.

Force Majeure Declared on Lucero Project

The Company formally invoked the force majeure clause under its agreement with Condor Resources Inc. with respect to the Lucero Project due to a combination of social, regulatory, and political barriers which have effectively prevented the Company from lawfully executing planned exploration and development activities, despite holding full mineral rights.

A force majeure event refers to unforeseen circumstances beyond a party’s control—such as acts of government, social unrest, or natural disasters—that prevent contractual obligations from being fulfilled. In the case of Lucero, the following factors have contributed to the declaration:

  • Evolving and inconsistent Peruvian federal policies on small-scale mining formalization, creating uncertainty in legal enforceability and timelines.

  • Political instability and leadership vacuums , with current municipal governance in Chachas in transition and the outgoing mayor largely absent from the community.

  • Legacy community mistrust and unmet promises from prior owners, complicating local engagement efforts.

  • Ongoing unauthorized artisanal mining by community members operating outside legal frameworks and without formalized agreements.

Element79 has spent two and a half years of extensive, evolving efforts to foster community relationships and negotiate access agreements in good faith, and the Company believes in developing a win-win solution with the Chachas community for the restart of the past-producing Lucero mine, the tailings and development of a regional processing plant, and exploring the geological assets inside the Lucero concessions.  The Company and its contracted financial consultants remain staunchly optimistic to fund future development at Lucero as agreements for surface rights agreements are reached.  In the short-term, internal reports and formal feedback from its social engagement team (GAE Peru) and regional mining authorities (DREM Arequipa) suggest that no material progress toward surface rights agreements is likely for the remainder of 2025.

Path Toward Resolution and Reworking Terms with Condor Resources

Over the next 12 months, Element79 will:

  • Continue monitoring regulatory developments, particularly the anticipated implementation of MAPE legislation , which may clarify formalization mechanisms between artisanal miners and mineral right holders.

  • Maintain social outreach campaigns in Chachas through the Company’s social engagement team, GAE Peru, preparing the groundwork for ongoing engagement pre- and post-municipal elections in early 2026

  • Continue ongoing dialogue with Condor Resources to explore restructuring the terms of the original Lucero agreement, with the goal of establishing a more reasonable, flexible and mutually beneficial framework as on-the-ground conditions allow for meaningful work to resume at Lucero.

Strategic Focus Shift to Nevada Projects

In line with this operational pivot, Element79 is reaffirming its near-term focus on its U.S.-based assets:

  • The Company will retain and advance development at the Elephant Project in Nevada. A technical report to formally organize historical work under the 43-101 framework, upcoming work plan and exploration campaign are currently being finalized and will be publicly disclosed shortly.

  • The acquisition of the Gold Mountain Project , a drill-ready asset also located in Nevada, is expected to close as soon as possible, pending administrative timelines surrounding Canada Day and U.S. Independence Day holidays. A comprehensive development plan will be issued thereafter.

Corporate Outlook

As Element79 aligns its capital and human resources to near-term executable projects, the Company remains committed to:

  • Unlocking shareholder value through strategic asset optimization.

  • De-risking its project portfolio by prioritizing jurisdictions with clear permitting paths.

  • Continuing stakeholder engagement to support long-term success at Lucero when conditions become viable.

  • Changes to the board of directors and management to reflect the evolving business model

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver assets. Its principal asset is the past-producing Lucero Project in Arequipa, Peru, where it aims to resume operations through both conventional mining and tailings reprocessing. In the United States, the Company holds interests in multiple projects along Nevada’s Battle Mountain Trend.  Additionally, Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.

For further information, please visit: www.element79.gold

On Behalf of the Board of Directors

James C. Tworek

Chief Executive Officer, Director

Element79 Gold Corp.

jt@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions, the markets have largely traded with a positive undercurrent, continuing to edge higher. The trading range was wider than anticipated; the Nifty traded in an 829-point range over the past few days. Volatility took a backseat; the India Vix slumped by 9.40% to 12.39 on a weekly basis. While trending higher throughout the week, the headline index closed with a net weekly gain of 525.40 points (2.09%).

The breakout that occurred in the previous week has pushed the support level higher for the Index. Now, the most immediate support level has been dragged higher to the 25100-25150 zone, the one that the markets penetrated to move higher. So long as the Nifty keeps its head above this zone, it is likely to continue moving higher. Over the coming weeks, we are also likely to see a distinct shift in the leadership, with the sectors that were in the bottoming-out process taking the lead. This would also mean that one must now focus on taking profits in the spaces that have run up much harder over the past week. While protecting gains, it would be wise to shift focus to the sectors that are likely to see much improved relative strength going forward from here.

The levels of 25750 and 26000 are likely to act as potential resistance levels for the coming week. The supports come in at the 25,300 and 25,000 levels. The trading range is likely to stay wider than usual.

The weekly RSI is 64.58; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line. A large white candle emerged, indicating the directional strength that the markets exhibited throughout the week.

The pattern analysis of the weekly chart shows that the Nifty initially crossed above the rising trendline pattern resistance. This trendline began from the low of 21150 and joined the subsequent rising bottoms. However, the Nifty consolidated above the breakout point for six weeks before finally resuming its move higher. The Index has pushed its resistance levels higher; as long as the Index stays above the 25000 level, this breakout will remain valid.

It is also important to note that the Nifty’s Relative Strength (RS) line is attempting to reverse its trajectory. This may lead to the frontline index improving its relative performance against the broader markets. Along with this shift in relative strength, it is also strongly recommended that one consider protecting gains in sectors that have risen significantly over the past several weeks. The leadership over the coming weeks is likely to change, making rotating sectors even more important than before. While protecting gains, new purchases must be initiated in sectors that are showing improvement in momentum and relative strength. While some consolidation cannot be ruled out, a positive outlook is suggested for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that only two sector Indices, Nifty Midcap 100 and the Nifty PSU Bank Index, are inside the leading quadrant. While the Midcap Index continues to rotate strongly, the PSU Bank Index is seen giving up on its relative momentum. These two groups are likely to outperform the broader markets relatively.

The Nifty PSE Index has rolled inside the weakening quadrant. This may result in the sector slowing down on its relative performance. The Nifty Commodities, Financial Services, Infrastructure, Banknifty, and the Services Sector Index are also inside the weakening quadrant.

The Nifty Consumption Index has rolled into the lagging quadrant. The FMCG Index and the Pharma Index also continue to languish inside this quadrant. The Nifty Metal Index is also located within the lagging quadrant; however, it is sharply improving its relative momentum compared to the broader markets.

The Nifty Realty, Media, IT, Auto, and Energy Indices are located within the leading quadrant. These groups are likely to assume leadership over the coming weeks as they continue to improve their relative momentum and strength compared to the broader Nifty 500 Index.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

Beneath a blaze of rainbow flags and amid roars of defiance, big crowds gathered in the Hungarian capital Budapest for the city’s 30th annual Pride march – an event that, this year, is unfolding as both a celebration and a protest.

Moving through the capital in the sweltering heat, demonstrators carried signs reading “Solidarity with Budapest Pride” and waved placards bearing crossed-out illustrations of Prime Minister Viktor Orbán.

Music played from portable speakers as people of all ages joined the march – families with pushchairs, teenagers draped in capes, and older residents walking alongside activists.

From the city’s historic centre to its riverside roads, the procession swelled in numbers and noise – visibly reclaiming public space in defiance of a law designed to push them out.

The march proceeded in open defiance of a police ban imposed earlier this year under sweeping new legislation that prohibits LGBTQ+ events nationwide.

Eszter Rein Bodi was one of those who joined the massive crowds in Budapest on Saturday, telling Reuters: “This is about much more, not just about homosexuality … This is the last moment to stand up for our rights.”

Krisztina Aranyi, another marcher, told the news agency that “the right to assembly is a basic human right, and I don’t think it should be banned.”

She added, “Just because someone does not like the reason why you go to the street, or they do not agree with it, you still have the right to do so.”

Huge crowds turned out in the city for the parade, with many holding homemade banners aloft. One sign read “Transgender people are a blessing on this earth” while another banner read “Proud. United. Equal in every corner of the EU.”

“Pride is a protest, and if Orbán can ban Budapest Pride without consequences, every pride is one election away from being banned,” she continued.

In March, Hungarian lawmakers passed legislation barring Pride events and permitting the use of facial recognition technology to identify participants – measures campaigners say is illegal and part of a wider crackdown on the LGBTQ+ community.

Orban welcomed the ban, which he said would outlaw gatherings that “violate child protection laws.” His government has pushed a strongly Christian and conservative agenda.

The ban sparked lively protests in Budapest in March, with organizers of the city’s Pride vowing to continue with the annual festival despite the new law and declaring: “We will fight this new fascist ban.”

A petition demanding police reject the ban has gathered over 120,000 signatures from supporters in 73 countries, urging authorities to “reject this unjust law” – believed to be the first of its kind in the EU’s recent history – and ensure that the march proceeded “unhindered and peacefully, free from discrimination, harassment, fear or violence.”

This post appeared first on cnn.com

The Israeli military detained six settlers in the occupied West Bank overnight after the Israel Defense Forces (IDF) say the suspects attacked security forces.

The IDF says they spotted Israeli civilians driving toward a closed military zone near the Palestinian village of Kafr Malik, where days earlier settlers set fire to homes and vehicles in an attack Palestinian officials say killed three people.

When Israeli forces approached the group, the IDF says the soldiers were physically assaulted and verbally abused. In addition, the suspects vandalized and damaged the security forces’ vehicles and attempted to ram the forces.

Six suspects were apprehended and transferred to police, the IDF said.

“The IDF and Israel Police condemn any act of violence against security forces and will act firmly against any attempt to harm security personnel carrying out their duty to protect Israeli citizens,” the IDF said in a statement.

Israeli politicians condemned the settler attacks against Israeli security forces.

Head of the opposition Yair Lapid said in a statement on social media, “The extremists who attack IDF soldiers who are guarding the security of the State of Israel during these difficult days are dangerous criminals who are aiding our enemies.”

Yair Golan, the head of the left-wing Democrats party, who had called earlier settler attacks in the area a “violent Jewish pogrom,” said the violence from “the Kahanist, nationalist, and fantastic Israel is deliberately working to dismantle the Jewish and democratic Israel.” Golan referenced Meir Kahane, an extremist rabbi whose political party was banned outright in Israel under anti-terror laws.

“This is not a marginal occurrence. This is a dangerous current that has taken deep roots. Even around the government table,” Golan said, a reference to the far-right ministers that prop up the coalition government, including Itamar Ben-Gvir and Bezalel Smotrich, both of whom were sanctioned earlier this month by the UK, Canada, and other Western allies. Smotrich has called for formal annexation of West Bank settlements, while Ben-Gvir’s party consists of followers of Kahane’s banned political party.

In a statement, Defense Minister Israel Katz called on law enforcement authorities to act immediately to locate all those who resorted to violence and bring them to justice “as is done everywhere.”

On Friday, Nabil Abu Rudeineh, spokesman for the Palestinian Authority presidency, said the settler attacks are part of a plan by Israel’s “extremist right-wing government” to drag the West Bank into a larger confrontation, according to the Palestinian news agency WAFA. Abu Rudeineh held Israel fully responsible for “the consequences of this bloody aggression,” WAFA said.

Israel has been ramping up military operations in the West Bank alongside the offensive in Gaza and attacks on Iran and its proxies, displacing thousands of Palestinians and razing entire communities as it targets what it says are militants operating in the territory.

Earlier this week, Israeli forces shot dead a Palestinian teenager in the West Bank, Palestinian health authorities said. The Israeli military said that “terrorists hurled explosive devices at IDF forces.”

In late-May, Israel approved a massive expansion of settlements in the occupied West Bank in a move decried as de facto annexation of large swaths of the territory. Peace Now, an Israeli non-governmental organization that tracks settlements, said it was the largest expansion of settlements since the signing of the Oslo Accords more than 30 years ago.

Israel plans to establish 22 new settlements, including deep within the West Bank and in areas from which the country had previously withdrawn. Israeli settlements in the occupied West Bank, as well as in East Jerusalem and the occupied Golan Heights, are considered illegal under international law.

This post appeared first on cnn.com

After Jeff Bezos and Lauren Sanchez tied the knot in Venice on Friday, a few hundred protesters gathered Saturday at a city train station for a march, united with one message for the Amazon billionaire and his bride: go away.

“Bezos, f**k off,” they chanted in Italian. “Out of our lagoon!”

One bearded man toted a Shrek-themed placard with the same message: “Get Out of Our Lagoon,” the “a” in lagoon sprouting Shrek ears, with a Spotify link below for the theme song from the first movie in the series, Smash Mouth’s “All Star.”

“Bezos goes hand-in-hand with (US President Donald) Trump, who’s fueling more money in war,” one woman bellowed into a microphone by the station. “We are for peace.”

Sofia D’Amato, a 22-year-old Venetian, emphasized that the protests weren’t about envy for Bezos’ wealth or power.

Venice’s Ministry of Tourism says the three-day wedding, which reportedly cost $55 million, could provide a boost of almost 68% of the city’s annual tourism turnover. On top of that, Sanchez and Bezos gave 1 million euros each to three Venetian cultural institutions, according to Reuters; a total of 3 million euros worth of donations.

Their philanthropy left D’Amato unimpressed.

“They say that Jeff Bezos donated money to Venice,” D’Amato said. “It was donated after our dissent. Such a sum for a magnate is paltry.”

Protesters drew a stark contrast between the decadence of Bezos and Sanchez’s wedding the day before and the harsh realities of working at the billionaire’s company.

“We can barely pay the rent,” one woman, who identified herself as an Amazon worker, told a crowd of demonstrators. “Many of us come from far away to reach the warehouse. We make do … we don’t see these millions.”

Some protesters joined in an old leftist chant as the demonstration moved toward the Ponte delle Guglie: “The people united will never be defeated.”

At least one protester took aim at the couple’s fashion sense with a sign declaring that “Money Can’t Buy Style.”

Many held aloft Amazon boxes with various messages inscribed: “Rejected,” “No Space for Bezos.”

Multiple flags were visible among the protesters: Palestinian flags, pride flags, anti-fascist flags and Venice’s fimbriated red standard were among the popular choices. A few individuals waved a modified version, the sword-bearing golden lion at its hoist wearing a black balaclava.

Venice city officials were unamused by the protesters, denouncing them in a press release as “ridiculous” and “grotesque.”

“Contesting a wedding (any wedding) is already ridiculous in itself. But here we have exceeded all limits of common sense,” read a municipal statement released Saturday. “We have descended into the folklore of ‘No to everything.’”

This post appeared first on cnn.com