Antitrust

    • China slaps Alibaba with a record $2.75bn penalty

      China slaps Alibaba with a record $2.75bn penalty

      The official Chinese authorities announced they had imposed a record $2.75 billion fine on the e-commerce giant Alibaba, Reuters reported. An anti-monopoly probe found Alibaba had abused its dominant market position for several years. The fine accounts for about 4% of Alibaba’s 2019 domestic revenue, comes as a result of a crackdown on technology companies and indicates China’s antitrust enforcement on internet platforms has entered a new era.

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    • EU claims court errors behind Apple €13bn fine overturn

      EU claims court errors behind Apple €13bn fine overturn

      The EU antitrust authorities claim the court has made some legal mistakes while overturning a €13bn worth verdict against Apple, Reuters reported. The initial order included obligation in Irish back taxes. The stakes are high for the European Commission in its crackdown against what it sees as aggressive tax planning by multinationals. It has a mixed record to date, winning court backing in its case against Fiat Chrysler but losing in the Starbucks and Belgian tax break cases.

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    • Qualcomm loses a €242m battle in EU court

      Qualcomm loses a €242m battle in EU court

      Qualcomm lost a decisive battle in EU’s top court, which means the company will have to pay the disputed fine of 242 million euros, Reuters reported. The European Court of Justice has confirmed previous court decisions. The Luxemburg-based judicial body has the final saying in such debates. Qualcomm failed to comply to data demand from EU antitrust regulators while the court reaffirmed the regulators’ right to enforce such demand.

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    • Goldman Sachs loses €105m EU cartel suit

      Goldman Sachs loses €105m EU cartel suit

      The US investment bank Goldman Sachs lost its fight against an EU cartel fine, Reuters reported.  The fine was handed down to Goldman’s Italian subsidiary and the cable maker Prysmian. In 2014 the EU antitrust body fined Prysmian with 104,6 million euro over a cartel with 10 other cable makers.

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    • Italy opens antitrust probe into Amazon, Apple

      Italy opens antitrust probe into Amazon, Apple

      Italy’s antitrust authority announced on Wednesday it had opened an investigation into whether Apple Inc and Amazon Inc had engaged in cooperation to stifle competition by banning the sale of certain hardware. In particular, Apple products and Beats headphones.

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    • Google faces antitrust case in India over payments app

      Google faces antitrust case in India over payments app

      India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. The complaint was reportedly filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said.

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