EU fines Google 2.42b euros for breaching antitrust rules
The European Union’s competition watchdog slapped a record 2.42 billion euro ($2.72 billion) fine on internet giant Google on Tuesday for breaching antitrust rules with its online shopping service.
European regulators said “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.”
It gave the Mountain View, California, company 90 days to stop or face fines of up to 5 percent of the average daily worldwide turnover of parent company Alphabet.
The European Commission, which polices EU competition rules, alleges Google elevates its shopping service even when other options might have better deals.
The Commission said Google “gave prominent placement in its search results only to its own comparison shopping service, whilst demoting rival services. It stifled competition on the merits in comparison shopping markets.”
Google maintains it’s just trying to package its search results in a way that makes it easier for consumers to find what they want.
“When you shop online, you want to find the products you’re looking for quickly and easily. And advertisers want to promote those same products. That’s why Google shows shopping ads, connecting our users with thousands of advertisers, large and small, in ways that are useful for both,” Kent Walker, senior vice president at Google, said in a statement.
“We will review the Commission’s decision in detail as we consider an appeal, and we look forward to continuing to make our case,” he said.
The fine is the highest ever imposed in Europe for anti-competitive behavior, exceeding a 1.06 billion euros penalty on Silicon Valley chip maker Intel in 2009.
But the penalty is likely to leave a bigger dent in Google’s pride and reputation than its finances. Alphabet has more than $92 billion (82 billion euros) in cash, including nearly $56 billion (50 billion euros) in accounts outside of Europe.
- Rs 450m illegally transferred abroad from Nepali banks
Five luxury tourist buses operate
Five well-equipped luxury tourist buses have come into operation in a bid to attract domestic and foreign tourists. Of the five buses, four started plying around six months ago, while the rest ones from Sunday, said Dipak Bhattarai, director of the Travels Nepal Bus Service Private Limited, which has introduced the buses.
- NT launches Wow-time apps
Buddha Air begins flights to Bharatpur and Bhairahawa from Pokhara
Buddha Air has started its direct flights to Bharatpur and Bhairahawa from Pokhara from Friday. The private airline company's first flight to Bharatpur took off at 10 Friday morning from Pokhara while another aircraft flew to Bhairahawa at 11:22 am, according to Buddha Air's Station Manager Gautam Baral.
- Pakistan products expo starts
Amendment of Education Act: A betrayal to capable candidates
Not all, but many of the temporary teachers who have been wishing to become permanent, no doubt, appointed on the basis of their political ideologies. They couldn't succeed in the examinations despite repeated attempts. They carried the bags of those parties during their teaching career.
The Doklam dilemma
Being a buffer state between the two giant neighbors, Nepal should conduct its foreign policy vis-Ã -vis China and India in a very sensitive manner. Nepal has always maintained that it would not allow its soil to be used against any neighbor. At the same time, Nepal should make sure that its own national interests are never compromised.
Gaurab Shumsher Thapa
To dogs, with love
Many find talking about basic animal rights stupid when no basic rights of people are guaranteed. However, there are still few people who are aware how humane behavior has turned toward cruelty and indifference which can be vividly seen through the way street dogs and other animals are abused around us.
Unanswered questions on recent leftist alliance
Although they seem to be very much communist while in opposition, whether about the 'Indian semi-colonial status' in Nepal or American hegemony, this has never been evident while they actually come into power and rule Nepal.
Dr Chandra Sharma Poudyal
What we need to learn from Thailand?
Thailand is a developing country. But it seemed like a developed country at first sight. It is hard to believe that Thailand is a developing country. There are big buildings, and clean and broad roads. The city is clean with no trace of pollution.
Traffic Police in Kathmandu
As busy and hassling as the traffic system in Kathmandu is, the Traffic Police here have to handle an equally strenuous job. Over 1,400 traffic officers in and around the Kathmandu Valley battle against the pestering traffic and air pollution each day.