Update: Apple, Amazon Face Renewed UK Consumer Lawsuit

MT newswire2026/09/28 12:19

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08:19 AM EDT, 09/28/2026 (MT Newswires) -- (Updates with Amazon's response in the fourth and fifth paragraphs) Apple (AAPL) and Amazon (AMZN) are facing a renewed legal battle in the UK after Britain's Competition Appeal Tribunal allowed part of a consumer lawsuit against the companies to proceed, the tribunal said Monday. The lawsuit alleges the tech companies entered into an agreement in 2018 that limited the sale and advertising of Apple products on Amazon's UK marketplace, resulting in consumers paying higher prices. The portion of the case allowed to proceed could be valued at 289 million pounds ($383.2 million) to 306 million pounds, including interest, according to the claimant, as shown in the tribunal document. "We welcome the Tribunal's decision to refuse certification of the majority of this claim," an Amazon spokesperson told MT Newswires in an emailed statement. "The remaining element of the claim can only proceed if various conditions are met, and it remains to be seen whether the claimant will choose to continue on that basis. The remaining claim is without merit, and we're confident that this will become clear throughout the process," Amazon said. Apple did not immediately respond to MT Newswires' request for comment.

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October 5th – Elon Musk confirmed discussions with TSMC (2330.TW), prompting a 3% increase in the company’s share price. The Taiwan Stock Exchange Weighted Index (.TWII) rose by 2.4%. Tesla (TELA.O) and SpaceX (SPCX.O) CEO Musk stated on Saturday via X platform that TSMC and his chip manufacturing project, Terafab, have discussed potential collaboration. In response to a post on X featuring a screenshot of an article titled “TSMC is exploring plans to cooperate with Elon Musk’s TeraFab,” Musk replied on Saturday: "It is only at the discussion stage for now, but something could result." TSMC’s share price has increased by 66% so far this year. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations may contain errors or lack needed context, Reuters does not guarantee the accuracy of the automated translated texts. They are provided merely for the convenience of readers. Reuters bears no responsibility for any damage or losses resulting from the use of the automated translation function.)

路透社•2026/10/05 02:16