EU to slap Google with record fine this week: sources

27 June 2017 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

AFP: The European Union’s (EU) powerful anti-trust regulator will slap Google with a record fine as early as today in another European blow against a US tech giant, sources said.
Led by hard-charging European Commission competition chief Margrethe Vestager, the EU will impose a massive penalty against Google that would break the previous record of 1.06 billion euros set in 2009 against Intel, the US chipmaker.
More importantly for Google, Brussels will demand that the US tech giant change its business practices to meet the EU’s concerns.
The decision, expected today or tomorrow, comes a year after Vestager shocked the world and angered the Obama administration with an order that Apple repay 13 billion euros in back taxes in Ireland.

Sources close to the matter said Google’s fine would range 1.1-2.0 billion euros. While an EU record, this is well below the maximum possible of about 8.0 billion euros or 10 percent of Google’s total revenue last year.
Brussels accuses Google of giving its own online shopping services top priority in search results to the detriment of other price comparison services.
The case is one of three against Google and of several against blockbuster US companies including Starbucks, Apple, Amazon and McDonalds.
In the other Google cases, the EU is examining Google’s AdSense advertising service and its Android mobile phone software.
If confirmed, the fine would come after a long period in which the two sides tried to settle the case amicably.
The cases have stoked tensions with Washington and could now face the wrath of US President Donald Trump, who won office on his “America First” slogan.
“We continue to engage constructively with the European Commission and we believe strongly that our innovations in online shopping have been good for shoppers, retailers and competition,” said Mark Jansen, a spokesman for Google. The European Commission refused to comment. The Commission, which polices EU competition policy, launched an initial investigation into Google in 2010 following complaints from rivals such as Microsoft and Trip Advisor that it favoured its own shopping services when customers ran searches.
Claims that practices by Google Shopping harm competition “are wrong as a matter of fact, law and economics,” Google’s general counsel Kent Walker wrote in response to the EU last year.
Vestager’s predecessor, Joaquin Almunia, made three attempts to resolve the dispute but in each case intense pressure by national governments, rivals and privacy advocates scuppered the effort. 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Army’s LRRP Ambush of LTTE’s Military Intelligence Chief

A news report in the Dailymirror last August stated that the Long Range Recon

“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

“I am the Godfather of Russian tourists” - Udayanga Weeratunga

Former Sri Lankan Ambassador to Russia Udayanga Weeratunga is back in the sce

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 


MIRROR CRICKET