France investigates Apple for slowing down old iPhones

The blog Primate Labs, a company that makes an app for measuring the speed of an iPhone’s processor, had published data that appeared to show slower performance in the Apple’s iPhone 6s and iPhone 7 models as they aged.(AP)
Updated 09 January 2018
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France investigates Apple for slowing down old iPhones

PARIS: French prosecutors have opened an investigation into Apple over revelations it secretly slowed down older versions of its handsets.
The Paris prosecutor’s office said Tuesday a probe was opened last week and is led by the French body in charge of fraud control, which is part of the finance ministry.
It follows a legal complaint filed in December by a French consumer rights group that aims to stop intentional obsolescence of goods by companies.
In France it is illegal to intentionally shorten the lifespan of a product in order to encourage customers to replace it.
Apple apologized in December for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to battery fatigue.
Lawsuits against the company have been filed in the US and Israel.


Global watchdog gives Iran until June to strengthen anti-money laundering rules

Updated 8 min 18 sec ago
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Global watchdog gives Iran until June to strengthen anti-money laundering rules

  • Iran was already given until February to complete reforms that would bring it in line with global norms, or face consequences
  • The FATF concluded this week at a meeting that ‘there are still items not completed’

PARIS: Iran has until June to strengthen its anti-money laundering legislation, or financial institutions operating there will face increased international scrutiny, a global watchdog said on Friday.
Last October, the Paris-based Financial Action Task Force (FATF) watchdog had already given Iran until February to complete reforms that would bring it in line with global norms, or face consequences.
The FATF concluded this week at a meeting that “there are still items not completed” and said in a statement it “expects Iran to proceed swiftly in the reform path.”
“If by June 2019, Iran does not enact the remaining legislation in line with FATF Standards, then the FATF will require increased supervisory examination for branches and subsidiaries of financial institutions based in Iran,” it said.
Foreign businesses say compliance and Iran’s removal from the FATF’s blacklist is key for making investments in the country, especially after the United States re-imposed sanctions on Iran.
France, Britain and Germany have tied this compliance angle with the use of a new channel for non-dollar trade with Iran to avert US sanctions.
Those countries have said they expected Iran would swiftly put into place all elements of its FATF action plan.