Google hit with €1.49bn fine from EU over advertising
Google has been hit with a €1.49bn (£1.28bn) from the EU for blocking rival online search advertisers. It is the third EU fine for the search and advertising giant in two years. The case accuses Google of abusing its market dominance by restricting third party rivals from displaying search ads between 2006 and 2016. In response, Google changed its AdSense contracts with large third parties, giving them more leeway to display competing search ads. Google owner Alphabet makes large amounts of money from advertising - pre-tax profits reached $30.7bn (£23bn) in 2018, up from $12.66bn in 2017. "Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites. |
EU approves 13th sanctions package against Russia
421421.02.2024, 14:54Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
108419.02.2024, 12:48Bank of Georgia Group PLC announcement regarding possible transaction with Ameriabank CJSC
158015.02.2024, 21:36EU takes step to confiscate Russian assets in Ukraine's favor
115412.02.2024, 22:18New EU sanctions package to include over 200 individuals, firms
163206.02.2024, 12:24Philippot: We need to lift sanctions against Russia in order to return cheap gas to France
138206.02.2024, 00:36