Antitrust investigation dubs App Store a monopoly, Microsoft adopts ‘app fairness’ rules, pandemic boosts Q3 app revenues

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all.

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The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.

In this series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.

Apple declared monopoly by U.S. House Judiciary subcommittee on antitrust

Apple was one of the four big tech companies the House Judiciary subcommittee on antitrust declared as having enjoyed

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Asia-Pacific has more billionaires than other regions, as pandemic boosts wealth

There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. 

As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the region, where billionaire wealth now totals $3.3 trillion, according to Swiss bank UBS’ new Billionaires Insights Report 2020. That compares to 762 (35%) across the Americas and 596 (27%) in Europe, the Middle East and Africa (EMEA). 

The findings, based on interviews and data from 2,000 billionaires across 43 markets, saw Asia-Pacific retain its global position as “the engine of wealth growth,” UBS Global Wealth Management’s Anurag Mahesh said at the report’s launch Wednesday.  

Mainland China emerged as the region’s top market for wealth creation, with 415 billionaires, followed by India (114), Hong

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T-Mobile boosts 5G speeds by combining mid band downloads, low band uploads

Delivering truly next-generation network speeds has been a challenge for U.S. cellular carriers, as their low, mid, and high band wireless towers have thus far required seriously awkward speed and distance compromises. Today, T-Mobile said it has successfully tested the next piece of its 5G strategy: Carrier Aggregation (CA) technology that will dedicate 2.5GHz mid band spectrum to downloads and 600MHz low band spectrum to uploads, simultaneously improving T-Mobile’s 5G speeds and reach across the United States.

In prior cellular generations, downloads and uploads generally shared a single radio frequency, equivalent to wired phone calls that put talking and listening through the same cable. Using carrier aggregation, T-Mobile is enabling a single phone to have separate inbound and outbound radio connections, spanning two radio frequencies that have been synchronized to seamlessly provide service together. This will let T-Mobile’s mid band towers handle outbound traffic at their best speed while slower

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China’s Carbon-Neutral Pledge Boosts Solar Rally

Wind turbines on farmland


Ibigblue/Dreamstime

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Investors can generally ignore goals that world leaders promise the U.N. General Assembly they will achieve 40 years from now. Chinese President
Xi Jinping
’s recent pledge to make his country carbon neutral by 2060 is an exception. 

The scope of Xi’s ambition, in a country that still gets two-thirds of its power from coal, is breathtaking. Follow-up documents from a Tsinghua University think tank estimate China will have to spend $15 trillion on green transformation, increasing solar power six times and wind more than three times. 

But these aims are underpinned by achievements. From a standing start 10 years ago, China has created seven of the world’s top 10 solar module manufacturers, says Xiaojing Sun, who follows the sector for consultant Wood Mackenzie.

These upstarts have largely wiped out European competitors on price, while high U.S. import tariffs have failed to stimulate

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New Denodo Platform 8.0 Accelerates Hybrid/Multicloud Integration, Automates Data Management with AI/ML, and Boosts Performance

PALO ALTO, Calif.–(BUSINESS WIRE)–Sep 30, 2020–

Denodo, the leader in data virtualization, today announced that its new Denodo Platform version 8.0 accelerates hybrid/multicloud integration, automates data management with artificial intelligence (AI)/machine learning (ML), and boosts performance with smart query acceleration. By further augmenting the Denodo Platform’s already advanced data integration, management, and delivery capabilities with intelligent recommendations, hyper performance, and PaaS support, Denodo Platform 8.0 advances data virtualization into a logical data fabric.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005427/en/

“Data fabric is a hot, emerging market that delivers a unified, intelligent, and integrated end-to-end platform to support new and emerging use cases,” wrote Noel Yuhanna, VP and principal analyst at Forrester Research, and author of The Forrester Wave TM: Enterprise Data Fabric, Q2 2020. The report also states, “Denodo is known for data virtualization, and over the years it has also evolved into

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Finance Pros Say WFH Boosts Productivity

Almost two-thirds of financial services professionals have increased their productivity while working from home during the coronavirus crisis.

A new report from lobby group Humans in Finance found that 63% of survey respondents were more productive working remotely, with 18% experiencing a decline. Some 70% said their work-life balance had improved, while 58% reported improved health and wellbeing.

The survey – Remote Working in Finance: COVID-19 & Beyond – quizzed more than 600 finance professionals in over 80 locations across 6 continents. In addition to the above findings, it reveals that:

  • only 3% want to work entirely from the office post-COVID
  • 95% believe employers should offer a range of remote / in-office workplace options
  • 80% are excited by the prospect of working from any location they choose
  • 83% believe remote working could reduce carbon emissions / improve the environment
  • 75% say firms will struggle to attract and retain
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