BRUSSELS, May 17, 2023 (AFP) – The EU said on Wednesday it feared the takeover by South Korean flag-carrier Korean Air of smaller troubled rival airline Asiana could restrict competition on routes between Europe and South Korea. Korean Air in late 2020 said it would buy out Asiana for $1.6 billion at the time as the coronavirus pandemic wreaked havoc on the worldwide aviation industry, grounding planes. The European Commission, the bloc’s powerful anti-trust authority, […]
Tag: antitrust
US government, states file antitrust suits against Facebook
WASHINGTON, United States (AFP) — US federal and state antitrust enforcers filed suit against Facebook on Wednesday claiming the social media giant abused its dominant position with its acquisitions of messaging services Instagram and WhatsApp. Separate suits filed by the Federal Trade Commission and a coalition of state officials called for the divestment of Instagram and WhatsApp, services which have billions of users and are part of the Facebook “family” of applications. “Facebook’s actions […]
EU fines Google 1.49 billion Euros for anti-trust breach
by Alex PIGMAN The EU’s powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, in Europe’s latest salvo against Silicon Valley. In its third major decision against the search engine behemoth, Brussels sanctioned Google’s once popular AdSense advertising service, saying it illegally restricted client websites from displaying ads from ad service rivals. Google and the EU have been at loggerheads about the monopoly of Google over internet search […]
Qualcomm settles vastly reduced Taiwan antitrust fine
TAIPEI, Taiwan (AFP) — US chipmaking giant Qualcomm on Friday agreed a sharply reduced fine with Taiwan after officials said it had harmed market competition and manipulated prices, as it faces a number of probes worldwide. Taiwan’s Fair Trade Commission last year fined the firm Tw$23.4 billion ($763 million) saying the world’s biggest handset chip supplier had violated fair trade rules for at least seven years. The authorities found that Qualcomm had refused to offer […]
Google hit with record-breaking EU fine
by Danny Kemp / Céline Le Prioux Agence France-Presse BRUSSELS, Belgium (AFP) – The EU hit Google with its biggest ever fine Wednesday, imposing a 4.34 billion euro ($5 billion) penalty on the US tech giant for illegally abusing the dominance of its operating system for mobile devices. Brussels accused Google of using the Android system’s near-stranglehold on smartphones and tablets to promote the use of its own Google search engine and shut out rivals. […]
Google reaches $7.8 mn antitrust settlement with Russia
MOSCOW, Russia (AFP) — Google on Monday agreed to pay a nearly $8 million fine and open its Android mobiles to competing search engines in Russia in an antitrust settlement reached after two years. The deal with Russia’s antimonopoly service (FAS) came after Yandex, the country’s biggest search engine, complained Google had an unfair advantage by pre-loading its search engine on Android phones. “We are pleased to announce that we have now reached a commercial […]
