google faces record eu antitrust fine
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Google 'faces record EU anti-trust fine'

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleGoogle 'faces record EU anti-trust fine'

The European Commission launched an initial investigation into Google in 2010
Brussels - AFP

The EU's powerful anti-trust regulator will decide a historic case against Google in the coming weeks that could see the Internet giant hit with a record fine, sources said on Friday.

"We are heading towards a decision this summer," one source close to the matter told AFP on condition of anonymity.

Led by hard-charging European Commission competition chief Margrethe Vestager, Google faces a massive penalty that could reach as much $9 billion, or ten 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.

The previous record for illegal monopoly practices is held by US firm Intel, which was fined 1.06 billion euros in 2009, about 3 percent of the company's turnover.

"The commission's radio silence in the past months means that it is approaching the decision," another source close to the matter told AFP, who expected a hefty fine.

In August, Vestager shocked the world with a demand that Apple repay Ireland 13 billion euros in back taxes.

In the other cases, the EU is examining Google's AdSense advertising service and its Android mobile phone software.

The potentially painful verdict against Google came after a long period in which the two sides tried unsuccessfully to settle the case amicably. 

Instead, the cases have raised tensions between Brussels and Washington, which has accused the EU of unfairly targeting US giants.

The European 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 his 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.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

google faces record eu antitrust fine google faces record eu antitrust fine

 



Themuslimchronicle, themuslimchronicle

GMT 12:41 2018 Thursday ,18 January

Sudan holds communist leader

GMT 12:06 2018 Wednesday ,10 January

Israeli air strikes, rockets hit Syria: Syrian army

GMT 12:59 2016 Monday ,26 September

Asia scoops top honours at San Sebastian film festival

GMT 09:00 2018 Wednesday ,03 January

US star news anchor shamed by sex harassment charges

GMT 10:11 2017 Monday ,06 November

Protest at open-pit coal mine near Bonn

GMT 12:49 2017 Monday ,11 September

Irma weakens to tropical storm in Florida

GMT 22:10 2017 Wednesday ,22 February

Roads will be free of traffic jam, accidents soon

GMT 12:49 2012 Friday ,29 June

Ajram denies shooting video with Kivanc

GMT 09:19 2015 Monday ,02 March

Bahrain Chamber hosts real-estate forum

GMT 10:16 2017 Saturday ,09 September

117 years on, the storm which destroyed Galveston

GMT 20:34 2012 Monday ,13 February

Afghanistan women fear Taleban return

GMT 01:18 2012 Friday ,14 September

Al-Qaeda flags in Cairo

GMT 12:01 2017 Monday ,18 September

Ali Rabei: His film achieved high popularity

GMT 09:22 2017 Tuesday ,29 August

UNWTO launches ‘Travel.Enjoy.Respect’ campaign

GMT 15:17 2011 Wednesday ,22 June

Tango haven Argentina laments

GMT 10:26 2017 Friday ,14 April

& Other Stories collaborates with TOMS

GMT 19:37 2017 Tuesday ,11 April

Wall Street Posts Slight Gain

GMT 08:20 2013 Monday ,11 February

Explorers complete Shackleton\'s epic journey

GMT 09:35 2017 Monday ,09 January

next stage in Syria war not easy

GMT 13:18 2017 Wednesday ,18 October

Gatland eyes New Zealand rugby jobs after Wales

GMT 13:50 2017 Monday ,31 July

5 surprising health benefits of cherries
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle