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French competition watchdog hits Google with 250 million euro fine
Economic Times
·
1y ago
Medial
France's competition watchdog has fined Google €250 million ($271.73 million) for breaching EU intellectual property rules in its dealings with media publishers. Google has agreed not to contest the facts and has proposed measures to address the shortcomings. This fine is related to a copyright dispute in France over online content, which arose from complaints by major news organizations. Google previously dropped its appeal against a €500 million fine issued as a result of the same investigation. The watchdog found that Google violated four out of seven commitments made in the settlement agreement, including good faith negotiations and transparency.
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Google hits setback in bid to overturn EU antitrust fine in Android case
Economic Times
·
1m ago
Medial
Google faced a setback in its attempt to overturn an EU antitrust fine related to Android. The European Court of Justice's advocate general recommended that Google's appeal against a more than 4 billion euro fine be dismissed, stating the tech giant used Android's dominance to stifle competition. Google expressed disappointment, arguing that such a decision could discourage investment in open platforms. The final judgment by the court will follow at a later date.
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Google wins challenge against 1.49 billion euro EU antitrust fine | Mint
Livemint
·
10m ago
Medial
Google's parent company, Alphabet, has won its appeal against a 1.49 billion euro antitrust fine imposed by the European Commission. The fine was originally given in 2019 for Google's alleged abuse of its dominance in online search advertising. While the General Court agreed with most of the EU enforcer's assessments of the case, it annulled the fine, stating that all relevant circumstances were not taken into account. This comes shortly after Google lost its appeal against a 2.42 billion euro fine for favoring its own shopping service in search results.
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EU court upholds $2.7 billion antitrust fine on Google
Economic Times
·
11m ago
Medial
The European Court has upheld a 2.42 billion euro antitrust fine imposed on Google for favoring its own shopping service over competitors. This is one of three penalties the European Commission has imposed on Google in the past decade, totaling 8.25 billion euros. Google's appeal against the fine has been dismissed. (C-48/22 P Google and Alphabet v Commission)
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Turkey's competition board imposes $8.9 million fine to Google - The Economic Times
Economic Times
·
28d ago
Medial
Turkey's Competition Authority fined Google approximately $8.87 million for non-compliance with regulatory obligations. The fine was imposed due to design implementations by Google that breached regulations during the compliance process following a prior antitrust investigation.
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A look at how European regulators are cracking down on Big Tech
Economic Times
·
1y ago
Medial
European regulators have taken several actions against Big Tech companies to ensure fair competition and prevent monopolistic practices. These actions include a $2 billion EU antitrust fine imposed on Apple for hindering payment options for music streaming services outside its App Store. Google also faced a 2.42 billion euro EU antitrust fine, and there are discussions about requiring it to divest part of its adtech business. Additionally, Microsoft's investment in OpenAI is being scrutinized for potential violation of EU merger rules. Similar investigations and probes have taken place in the UK, France, Germany, Italy, and the Netherlands.
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Google in last ditch effort to overturn $2.6 billion EU antitrust fine
Economic Times
·
1y ago
Medial
Google is making a final attempt to overturn the 2.42 billion euro ($2.6 billion) EU antitrust fine related to its shopping service at Europe's top court. Google argued that regulators didn't demonstrate that its practices were anti-competitive. The company turned to the Court of Justice of the European Union (CJEU) after the General Court rejected its challenge to the fine in 2021. This fine was the first of three for anti-competitive practices, totaling 8.25 billion euros, Google has faced in the last decade. The CJEU is expected to rule in the coming months.
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Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine
Economic Times
·
6m ago
Medial
Intel received 515.55 million euros in interest from EU antitrust regulators related to a 1.06 billion euro fine from 2009. After successfully appealing the fine in 2022, Intel sued for default interest, prompting the European Commission to compensate with 515 million euros. This payment reflects a growing trend of firms seeking default interest from the EU on annulled antitrust fines. Intel previously faced another fine of 376 million euros for certain anti-competitive practices.
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Meta says will appeal 'unlawful' EU fine - The Economic Times
Economic Times
·
1m ago
Medial
Meta plans to appeal a 200-million-euro fine imposed by the EU, which alleges Meta violated digital competition rules with its "pay or consent" system that uses personal data on Facebook and Instagram. The EU's April decision claimed the system did not offer a non-personalized option, breaching the Digital Markets Act. Meta argues the ruling is incorrect, citing a 2023 EU court judgment supporting subscription models as valid user choices.
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Apple disputes French findings, says iPhone 12 meets radiation rules
Economic Times
·
1y ago
Medial
Apple's iPhone 12 model has been certified by international bodies as compliant with global radiation standards, after a French watchdog ordered the company to stop selling the handset due to breaching European exposure limits. The French watchdog, ANFR, claimed that the phone's Specific Absorption Rate (SAR) exceeded the legal limit.
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Google to appeal Turkish competition authority decision
Economic Times
·
7m ago
Medial
Google plans to appeal a decision by Turkey's competition authority to fine the company 2.61 billion lira ($75 million). The authority accused Google of leveraging its dominant position in the ad server services market. Google argues that the decision does not consider the intense competition in the industry and its commitment to supporting Turkish businesses, publishers, and users. The company remains dedicated to the highly competitive sector.
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