Morning Brew Daily Vital Internet Cables at Risk in the Red Sea & Apple Pays $2B Antitrust Fine
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Mar 5, 2024 Tensions in the Red Sea pose a threat to vital undersea internet cables, impacting connectivity across Europe and Asia. Apple faces a hefty $2 billion antitrust fine, raising questions about tech giants' market power. Retailers are shifting to smaller stores as they adapt to changing consumer habits. Meanwhile, a startup is generating excitement with plans for a flying car. Plus, discover which jobs are the most physically demanding in America, with firefighters topping the list for their strenuous work.
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Red Sea Cable Vulnerability
- The Red Sea is a critical juncture for internet cables connecting Europe and Asia.
- Damage to these cables can cause significant disruptions in internet connectivity and financial transactions.
Apple's Antitrust Fine
- Apple was fined $2 billion by the EU for anti-competitive App Store rules.
- Spotify initiated the complaint, alleging Apple restricted their communication with users.
Shrinking Retail Spaces
- Big box stores are downsizing due to changing consumer behavior and rising costs.
- Smaller stores cater to online browsing and order pickup, reducing overhead.