Bloomberg Apple Inc. terminated Epic Games’s App Store developer account, escalating a bitter legal fight over the iPhone maker’s controversial fees and rules. This means Epic can’t submit new apps or updates to the App Store and it prevents iPhone users from making purchases inside Epic’s popular Fortnite video game via Apple’s payment system. It will also leave the Apple …

Bloomberg Oil held near a five-month high as Hurricane Laura bore down on key refining facilities on the US Gulf Coast, with forecasts saying it will strengthen rapidly into a “potentially catastrophic” Category 4 storm. Futures in New York were steady after jumping 1.7%. The storm is expected to make landfall on Thursday along the Texas-Louisiana coast, according to the …

Bloomberg UK judges can set global royalty rates for the use of telecommunications technology, Britain’s highest court said in a pair of cases over how much Huawei Technologies owes a US patent owner. The UK Supreme Court on Wednesday affirmed a decision that Huawei would either have to pay Unwired Planet International Ltd. a global rate set by judges or …