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Apple's CEO Opens New Store in Shanghai

FILE PHOTO: A man holds a bag with a new iPhone inside it in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo
FILE PHOTO: A man holds a bag with a new iPhone inside it in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo
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Apple's CEO Opens New Store in Shanghai

FILE PHOTO: A man holds a bag with a new iPhone inside it in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo
FILE PHOTO: A man holds a bag with a new iPhone inside it in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo

Apple CEO Tim Cook opened Apple's new store in Shanghai drawing a large crowd on Thursday.
Some people queued up overnight, according to posts on Chinese social media.
Cook arrived in Shanghai on Wednesday, he said on his personal Weibo account.

Meanwhile, the US Department of Justice (DOJ) is preparing to sue Apple for allegedly violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone, Bloomberg News reported on Wednesday.

Taking action against Big Tech has been one of the few ideas that Democrats and Republicans have agreed on. During the Trump administration, which ended in 2021, the Justice Department and Federal Trade Commission (FTC) opened probes into Google, Facebook, Apple and Amazon.
A DOJ spokesperson and Apple did not immediately respond to Reuters requests for comment.

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Technology

Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
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Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

The group is one of the first airlines to disclose a cost linked to the disruption, Reuters reported.

"The expectation is that it will cost us around 10 million (euros)," Zaad said in a press call, adding that KLM and Transavia bore the brunt of the disruptions while Air France was not seriously affected.

A software update by global cybersecurity company CrowdStrike triggered systems problems that grounded flights, forced broadcasters off air and left customers without access to services such as healthcare or banking last Friday.

Delta Air Lines has been the slowest among major US carriers to recover from the outage. The carrier has cancelled more than 6,000 flights since Friday and analysts estimate the hit to its bottom line could be in the hundreds of millions of dollars. ($1 = 0.9213 euros)