Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Apple issued a warning that it will leave the U.K. market if it will be forced to pay an “unacceptable fee” over a patent case. Through its lawyer, the American tech company said it will just quit if the court obliged it to pay £5 billion or around $7 billion for the technology it used in its iPhone units.
Apple’s warning to court in Britain
According to The Daily Mail, if the threat is carried out, it will end the sale of iPhones in the United Kingdom. It will also conclude the services and upgrades for the existing customers of Apply in the region.
But then again, it was said that despite Apple’s warning, it is highly unlikely to follow through with its threat. The warning from Apple comes amid its court battle with Optis Cellular Technology that holds a technology patent in the U.K.
Optis sued Apple for patent infringement after it refused to pay fees for the use of the former’s technology. The license fees due are said to be worth around $7 billion since Apple used the “standardized” smartphone technology in its iPhones and other products.
Court’s decision over the Optis vs. Apple legal row
Last month, a High Court judge in Britain sided with Optis as it ruled that Apple infringed two of the company’s patents. The technology was said to have helped iPhones to connect to the 3G and 4G networks. It was mentioned that Optis also filed many other similar patent claims against Apple over the use of its other technologies.
At any rate, Apple could skip the payment of fees after the verdict if it will pull out from the UK market. However, Justice Meade said that it unlikely that the American firm will choose to leave. He further said that there is no evidence that Apple is really going to refuse to pay the fees set by the judge.
“I am not sure that is right. Apple's position is it should indeed be able to reflect on the terms and decide whether commercially it is right to accept them or to leave the UK market,” Marie Demetriou, Apple’s lawyer’s response to the judge’s statement. “There may be terms that are set by the court which are just commercially unacceptable.”
Meanwhile, Bloomberg Law reported that the trial to determine a fair, reasonable, and non-discriminatory licensing rate for Apple and Optis’s case has been set for the summer of 2022
