Bloomberg Apple Inc has been ordered to make the most significant change to its App Store business model since launching the platform in 2008, and it could cost the tech giant a few billion dollars annually. In a ruling, US District Judge Yvonne Gonzalez Rogers said the company must give developers the option of bypassing its commission on in-app purchases …

Bloomberg Facebook Inc Chief Executive Officer (CEO) Mark Zuckerberg said the company is expanding end-to-end encryption on its WhatsApp messaging service. Texts sent on WhatsApp are already protected so that they can only be seen by the sender and recipient. People have been able to back up their messages in the cloud, using Alphabet Inc’s Google Drive and Apple Inc’s …

Bloomberg Intel Corp will dedicate production at its plant in Ireland for the manufacture of chips for automakers as company pushes into a growing market currently buffeted by shortages that have crippled vehicle production. The Santa Clara, California-based chipmaker has a facility in County Kildare in Ireland that has been used for manufacturing its mainstay computer processors. Intel will convert …

Bloomberg Tesla Inc. is raising the price of its Model Y Performance car in China by 10,000 yuan ($1,552), effective immediately, the company announced on Weibo. The vehicle’s new price will be 387,900 yuan, according to the statement. Elon Musk’s electric-vehicle maker reported a rebound in domestic China shipments in August, a bright spot after a torrid few months for …

Bloomberg Boeing Co’s directors must face an investors’ lawsuit accusing them of failing to properly monitor safety issues and the development of 737 Max jetliners whose two fatal crashes have cost the company more than $20 billion. Delaware Chancery Judge Morgan Zurn threw out some claims against Boeing’s board, but said Boeing shareholders produced enough evidence to justify pursuing claims …

Bloomberg British Airways (BA) introduced a mechanism allowing customers to buy so-called sustainable aviation fuel to reduce their carbon footprints. The carrier said it will also source enough SAF from BP Plc to power all flights between London and Scotland’s two busiest airports during the COP26 climate summit to be held in Glasgow. Payments for SAF will be offered to …

Bloomberg London City Airport, a favourite of regional business travellers, is seeing a tentative reawakening as British Airways and Deutsche Lufthansa AG restore flights to key financial centers. Services to Zurich, Frankfurt and Rotterdam are resuming this month, the airport’s chief operating officer, Alison FitzGerald, said in an interview. “We’re seeing some early signs of good load factors, some early …

Bloomberg UK retail sales growth lost momentum in August, with both shops and consumers pointing to concerns over higher prices. The value of goods sold in shops and online grew 3% in August from a year earlier, the British Retail Consortium and KPMG said, less than the 3.9% recorded the same month in 2020. Despite higher demand for clothing, especially …

Bloomberg Airbus SE and Alstom SA are deepening a partnership on cybersecurity to counter threats they say are growing against rail transport systems. The French plane and train manufacturers signed a cooperation agreement to provide security systems to rail operators, according to a statement on Wednesday. The move comes as cross-country networks and urban metros and trams become increasingly reliant …

Bloomberg Swiss running shoemaker On Holding AG, whose proprietary cushioning technology has attracted Roger Federer as an investor, plans to raise as much as $622 million in an initial public offering in New York. The IPO will consist of 31.1 million shares sold at $18 to $20 each, the Zurich-based company said in a filing. The sale would value the …