fine

    • Google appeals €500m French penalty

      Google appeals €500m French penalty

      US tech conglomerate Google announced it was launching an appeal against a 500 million euros worth fine that was imposed by France's antitrust regulator in July. The penalty is over the way in which the company handled discussions with French news publishers in a copyright debate, Reuters reported. The fine followed increasing international pressure on online platforms such as Google and Facebook to share more revenue with news outlets.

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    • France's anti-trust authority fines Google €500m in news copyright row

      France's anti-trust authority fines Google €500m in news copyright row

      France’s competition regulator on Tuesday slapped Google with a 500-million-euro fine for failing to negotiate “in good faith” with media companies over the use of their content under EU copyright rules, AFP reported. It is “the biggest ever fine” imposed by the Competition Authority for a company’s failure to adhere to one of its rulings, the regulator's chief Isabelle De Silva told reporters.

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    • UniCredit, Nomura, UBS suffer €371m antitrust fine

      UniCredit, Nomura, UBS suffer €371m antitrust fine

      UniCredit, Nomura and UBS were fined with a total of 371 euros by the EU antitrust regulator over illegal agreements, linked to fixed income securities, Reuters reported. According to the EU regulator the three banks had a cartel agreement linked to trading with government bonds. UniCredit said it would appeal to the European Courts and UBS said it was considering doing so. Nomura, which was also fined, was not immediately available for comment.

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    • Italy slaps Google with a €102m antitrust fine

      Italy slaps Google with a €102m antitrust fine

      The Italian antitrust authority announce it had imposed a huge fine, amounting at 102 million euros on Google, AFP reported. The technology conglomerate is accused of halting a rival smartphone app that facilitated the offering of electric vehicles. Google, whose Android operating system and Google Play app store dominate the Italian market abused its position by shtting an Enel X app for users of electric vehicles.

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    • Amazon wins a €250m court battle with EU

      Amazon wins a €250m court battle with EU

      The Luxembourg-based General Court scrapped an EU order aimed to make the e-commerce giant Amazon pay some 250 million euros in back taxes to Luxembourg, Reuters reported. "The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group," the judge said.

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    • ABN Amro ends a dirty cash row with a 480 million euro deal

      ABN Amro ends a dirty cash row with a 480 million euro deal

      The popular Dutch bank ABN Amro announced it had agreed a deal worth some 480 million euro to settle a scandal which involved allegations in illegal activities including money laundering, Reuters reported. It is expected that the agreed amount will weigh down on the bank’s first quarter earnings report. ABN Amro said in a statement it had agreed to pay a fine of a total of 300 million euros and 180 million euros as disgorgement reflecting "the seriousness, scope and duration of the identified shortcomings" in combating money laundering.

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    • 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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    • Norway PM fined over birthday party

      Norway PM fined over birthday party

      The Prime Minister of Norway Erna Solberg was fined over violation of country’s quarantine rules, Reuters reported. Solberg organized a party to celebrate her birthday but thus violated rules for social distancing. The fine is $2,352, police chief Ole Saeverud elaborated at a news conference. The two-term Prime Minister apologised last month for organising an event for her 60th birthday with 13 family members at a mountain resort in late February, despite a government ban on gatherings of more than 10 people.

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