The Prague Post - EU court scraps 1.5-bn euro fine against Google

EUR -
AED 4.277018
AFN 79.880975
ALL 97.070276
AMD 444.295515
ANG 2.084391
AOA 1067.943389
ARS 1514.575955
AUD 1.812743
AWG 2.096581
AZN 1.983483
BAM 1.953143
BBD 2.342613
BDT 141.317731
BGN 1.955786
BHD 0.43911
BIF 3469.180019
BMD 1.164606
BND 1.495365
BOB 8.037065
BRL 6.376447
BSD 1.163118
BTN 101.208301
BWP 15.637724
BYN 3.909381
BYR 22826.267801
BZD 2.333425
CAD 1.615914
CDF 3345.911299
CHF 0.937496
CLF 0.028661
CLP 1124.368204
CNY 8.357438
CNH 8.358874
COP 4689.284046
CRC 587.80027
CUC 1.164606
CUP 30.862046
CVE 110.115183
CZK 24.502892
DJF 207.118206
DKK 7.464185
DOP 72.351156
DZD 151.296228
EGP 56.669315
ERN 17.469083
ETB 165.136163
FJD 2.646914
FKP 0.865872
GBP 0.865762
GEL 3.138603
GGP 0.865872
GHS 12.735673
GIP 0.865872
GMD 83.851263
GNF 10083.237995
GTQ 8.914871
GYD 243.338926
HKD 9.094067
HNL 30.475537
HRK 7.532899
HTG 152.192934
HUF 395.054566
IDR 18954.944428
ILS 3.975385
IMP 0.865872
INR 101.283877
IQD 1523.427306
IRR 48971.661002
ISK 143.409689
JEP 0.865872
JMD 186.346467
JOD 0.825694
JPY 171.694875
KES 150.409012
KGS 101.83578
KHR 4661.657598
KMF 492.041665
KPW 1048.154279
KRW 1627.888309
KWD 0.35595
KYD 0.969231
KZT 626.295629
LAK 25172.9481
LBP 104664.299352
LKR 350.822689
LRD 233.202717
LSL 20.578521
LTL 3.438777
LVL 0.704458
LYD 6.30642
MAD 10.504384
MDL 19.557391
MGA 5128.023086
MKD 61.50334
MMK 2444.42873
MNT 4188.007186
MOP 9.362662
MRU 45.873587
MUR 53.350664
MVR 17.935673
MWK 2016.855974
MXN 21.87107
MYR 4.917664
MZN 74.430296
NAD 20.578878
NGN 1789.963887
NIO 42.801766
NOK 11.908848
NPR 161.933682
NZD 2.000387
OMR 0.447788
PAB 1.163118
PEN 4.088473
PGK 4.825541
PHP 66.444821
PKR 330.034672
PLN 4.253629
PYG 8404.565198
QAR 4.228547
RON 5.059396
RSD 117.190752
RUB 93.752805
RWF 1683.609371
SAR 4.370136
SBD 9.573491
SCR 17.184466
SDG 699.330159
SEK 11.165836
SGD 1.497898
SHP 0.915197
SLE 27.150279
SLL 24421.192669
SOS 664.695651
SRD 44.044264
STD 24104.982522
STN 24.466607
SVC 10.177154
SYP 15142.149466
SZL 20.578481
THB 37.977701
TJS 10.86352
TMT 4.076119
TND 3.352925
TOP 2.727624
TRY 47.668439
TTD 7.890858
TWD 35.48503
TZS 2927.102029
UAH 48.119431
UGX 4146.358686
USD 1.164606
UYU 46.71624
UZS 14557.568667
VES 160.66536
VND 30728.116119
VUV 139.648043
WST 3.153049
XAF 655.065753
XAG 0.030743
XAU 0.000349
XCD 3.147404
XCG 2.096248
XDR 0.814692
XOF 654.508725
XPF 119.331742
YER 279.735652
ZAR 20.620353
ZMK 10482.852805
ZMW 27.153057
ZWL 375.002496
  • RBGPF

    0.0000

    73.27

    0%

  • CMSC

    0.0500

    23.44

    +0.21%

  • CMSD

    0.1000

    23.69

    +0.42%

  • BCC

    -3.5600

    84.5

    -4.21%

  • NGG

    1.1000

    72.08

    +1.53%

  • GSK

    0.4500

    40.07

    +1.12%

  • SCS

    -0.0600

    16.18

    -0.37%

  • AZN

    0.9800

    80.52

    +1.22%

  • RELX

    0.9000

    48.69

    +1.85%

  • BCE

    0.1600

    25.74

    +0.62%

  • JRI

    0.0500

    13.33

    +0.38%

  • RYCEF

    -0.7200

    13.82

    -5.21%

  • RIO

    0.0300

    60.62

    +0.05%

  • VOD

    0.1830

    11.9

    +1.54%

  • BTI

    1.5400

    59.01

    +2.61%

  • BP

    0.0600

    33.88

    +0.18%

EU court scraps 1.5-bn euro fine against Google

EU court scraps 1.5-bn euro fine against Google

An EU court on Wednesday scrapped a 1.49-billion euro ($1.65 billion) fine imposed by Brussels against Google for an abuse of dominance over online advertising.

Text size:

"The General Court annuls the (European) Commission's decision in its entirety," the Luxembourg-based court said in a statement, adding that the "institution committed errors in its assessment".

Brussels "failed to take into consideration all the relevant circumstances in its assessment of the duration of the contract clauses that the commission had deemed abusive", the court said.

The commission, the EU's influential competition regulator, said it "takes note" and would "carefully study the judgment and reflect on possible next steps" -- which could include an appeal.

The ruling will be a relief for Google after the EU's highest court last week upheld a 2017 fine worth 2.42 billion euros for abusing its dominance by favouring its own comparison shopping service.

As part of a major push to target big tech abuses, the EU slapped Google with fines worth a total of 8.2 billion euros between 2017 and 2019 over antitrust violations.

The 1.49-billion euro fine is the third of those penalties, focused on Google's AdSense service.

But the long-running legal battles between Google and the EU do not end there.

- EU's greater powers -

Google is also challenging a 4.3-billion-euro penalty Brussels levied on it for putting restrictions on Android smartphones to boost its internet search business.

The 2018 fine remains the EU's largest-ever antitrust penalty.

The General Court in 2022 slightly reduced the fine to 4.1 billion euros, but mainly supported the commission's argument that Google had imposed illegal restrictions.

The legal saga continues in that case after Google appealed the latest decision before the higher European Court of Justice.

The EU has since armed itself with a more powerful legal weapon known as the Digital Markets Act (DMA), to rein in tech giants including Google.

Rather than regulators discovering egregious antitrust violations after probes lasting many years, the DMA gives businesses a list of what they can and cannot do online.

The aim is that tech titans change their ways before the need for deterrent fines.

Google is already the subject of one investigation under the DMA alongside Facebook owner Meta and Apple.

- Mounting problems -

Google is in the US regulators' crosshairs as well.

Last week, the tech titan faced its second major antitrust trial in less than a year with the US government accusing Google of a monopoly in ad technology -- the complex system determining which online ads people see and their cost.

It comes after a US judge in August found Google's search business to be an illegal monopoly, a ruling which threatens a possible break-up for the tech behemoth.

Ad tech is at the centre of multiple probes by regulators around the world.

British regulators earlier this month said in provisional findings that Google abused its dominance in the market.

The EU similarly concluded last year that Google is distorting competition in the market and recommended that the company be forced to divest its ad tech business.

Google has the right to respond in the British and EU cases before the regulators reach final conclusions.

Parent company Alphabet in July said revenue from online ad searches climbed to $48.5 billion in the second quarter of this year.

M.Soucek--TPP