RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home company news

Google Loses Appeal Over $2.7 Billion EU Antitrust Fine

Stephen Akudike by Stephen Akudike
September 13, 2024
in company news, Wealth
Reading Time: 1 min read
A A
0
South Korea fines Google $32 million for fraud.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Alphabet’s Google has lost its appeal against a $2.7 billion fine imposed by the European Union (EU) for violating antitrust regulations. The penalty, originally issued seven years ago, was levied against Google for leveraging its dominance in the price comparison shopping market to unfairly disadvantage smaller competitors.

The European Commission’s decision, which found Google guilty of abusing its market position, was first upheld by a lower tribunal in 2021. Google subsequently appealed to the Court of Justice of the European Union (CJEU), based in Luxembourg. However, the CJEU judges have now confirmed the fine, citing that EU laws prevent companies from exploiting a dominant position to stifle fair competition.

AlsoRead

Nigeria Earns N24 Trillion from Crude Exports in First Half of 2026

NGX All-Share Index Rebounds 6.92% in July as Two Stocks Surge Over 100%

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

The judges stated that the actions of companies in dominant positions that hinder competition and potentially harm both consumers and competitors are strictly prohibited under EU law.

This ruling marks another significant defeat for Google, which has accumulated a total of $8.25 billion in EU antitrust fines over the last decade. In addition to this case, the tech giant is contesting two other rulings, involving its Android mobile operating system and AdSense advertising service, with decisions still pending.

Moreover, Google faces ongoing scrutiny as it battles further EU antitrust charges that could result in the forced sale of a portion of its advertising technology business. These cases highlight the EU’s persistent efforts to regulate tech giants and ensure a competitive digital marketplace.

Tags: EU antitrust rulingGoogle antitrust fine
Previous Post

CBN Orders Payment Providers to Begin Tracking PoS Transactions

Next Post

Seven Nigerian Banks Generate N132.45 Billion from E-Business in H1 2024

Related News

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Nigeria Earns N24 Trillion from Crude Exports in First Half of 2026

by Victoria Attah
August 3, 2026
0

Nigeria exported an estimated 182.2 million barrels of crude oil valued at N24.02 trillion in the first six months of...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX All-Share Index Rebounds 6.92% in July as Two Stocks Surge Over 100%

by Jide Omodele
August 3, 2026
0

The Nigerian equities market staged a strong recovery in July 2026, with the NGX All-Share Index rising 6.92% month-on-month to...

Seplat Energy revenue grows by 29.8% in 2022

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

by Akpan Edidong
July 31, 2026
0

Seplat Energy Plc has entered a legally binding agreement to dispose of a 10% working interest in its joint venture...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day

by Stephen Akudike
July 24, 2026
0

The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded...

Next Post
Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Seven Nigerian Banks Generate N132.45 Billion from E-Business in H1 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Nigeria Earns N24 Trillion from Crude Exports in First Half of 2026

August 3, 2026
Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX All-Share Index Rebounds 6.92% in July as Two Stocks Surge Over 100%

August 3, 2026

Popular Story

  • Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

    Brent Crude Falls More Than $16 in Eight Sessions as US and Iran Signal Diplomacy

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge

    0 shares
    Share 0 Tweet 0
  • Coinbase Experiences Disruptions Amid Bitcoin Surge

    0 shares
    Share 0 Tweet 0
  • MTN Appoints New Group Executive

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>