All articles tagged with #eu fines
Originally Published 3 months ago — by Financial Times
The European Union has imposed a €157 million fine on luxury brands Gucci, Chloé, and Loewe for engaging in price fixing, highlighting ongoing regulatory efforts to maintain fair competition in the fashion industry.
Originally Published 4 months ago — by TechCrunch
The European Commission fined Google €2.95 billion for abusing its dominant position in adtech by favoring its own services, requiring the company to cease these practices within 60 days. Google plans to appeal, and the case marks one of the largest EU antitrust penalties against the tech giant, amid ongoing global scrutiny of its market dominance.
Originally Published 4 months ago — by Euronews.com
US President Trump threatened retaliation after the EU fined Google €2.95 billion for abusing its dominant position in advertising technology, calling the fine unfair and considering Section 301 tariffs. The EU's investigation found Google favored its own ad services, and this is the fourth major fine against Google by Brussels. Google plans to appeal, while EU officials consider structural remedies like selling parts of its adtech business to curb its monopoly. The case highlights ongoing tensions between the US and EU over tech regulation and antitrust issues.
Originally Published 4 months ago — by CNBC
US President Donald Trump threatened to initiate a trade investigation to counteract what he described as discriminatory EU fines against American tech giants like Google and Apple, criticizing the fines as unfair and claiming they harm American innovation and jobs.
Originally Published 4 months ago — by Bloomberg.com
Google was fined nearly €3 billion by the EU for abusing its dominance in adtech by favoring its own services, prompting an appeal from Google and highlighting ongoing tensions in US-EU tech regulation and antitrust scrutiny.
Originally Published 6 months ago — by Financial Times
Apple is in last-minute negotiations with Brussels regulators to modify its App Store practices and avoid escalating EU fines under the Digital Markets Act, including concessions on its steering provisions and business fees, amid broader tensions between the EU and US over tech regulation.
Originally Published 7 months ago — by Financial Times
The EU fined Delivery Hero and Glovo €329 million for participating in an online food delivery cartel, involving anti-competitive practices such as employee poaching bans and location agreements, marking a significant crackdown on minority stake influence and no-poach agreements in the industry.