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Apple Resumes Operation Of All China Retail Locations

PYMNTS

After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. has reportedly put all of them back into operation. Apple has been slowly reopening the locations, with 38 of the 42 shops open for business as of last week. China is the third-largest market for the tech company.

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Legal Fees, New Reguation Costs Could Impact Apple's Bottom Line, Company Report Says

PYMNTS

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Apple said that, regardless of the merit of those claims, the lawsuits can prove expensive, costing time and disrupting day-to-day management.

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Apple Names Isabel Ge Mahe Managing Director For Greater China

PYMNTS

Apple recently announced it named a new managing director for Greater China. Isabel Ge Mahe, who previously worked for more than nine years in wireless technology at Apple, will step into the newly created role. Apple confirmed it will not include backdoors that allow third party access to said data.

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Goldman Gets Green Light To Operate Bank In South Africa

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As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The filings also indicated that interest income would be spread across operating segments.

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App Store Approach Helps Banks Manage Partners, Speed Digital Transformation

PYMNTS

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Launching Into New Markets. That’s the end game for many of the banks: the time to market.

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Russia’s Investigation Into Apple Centers On Competition

PYMNTS

Apple is facing Russian scrutiny following a cybersecurity complaint that it is taking advantage of its controlling market position, Russia’s anti-monopoly watchdog told Reuters on Thursday (Aug. Apple said the removed apps used a “highly invasive” technology – Mobile Device Management (MDM) – that violated the App Store policies.

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Alphabet Surpasses Apple In Financial Reserves

PYMNTS

Google’s parent company Alphabet has surpassed Apple as the company with the biggest cash reserves in the world, according to a report by the Financial Times. The move comes as Apple has made a conscious decision to let go of some of its cash reserves, and about six years after activist investor Carl Icahn pressured the company to do so.

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