EU: Google to appeal antitrust ruling

EU: Google to appeal antitrust ruling

Google said Thursday it will appeal the astronomical US$5 billion fine levied against it by the European Union for violating antitrust laws with its Android system. The company also angrily accused the EU of attacking its open source business model. The Android operates on a free, open platform for smartphones, so critics said the decision […]

EU: Competition chief holds threat of breaking up Google

EU: Competition chief holds threat of breaking up Google

The EU’s antitrust head Margrethe Vestager won’t rule out breaking up Google, saying the EU has “grave suspicions” about its dominance in Internet search. Reuters, citing comments Vestager made to the UK’s Telegraph, reported Vestager said the ability to break Google up has to remain a real threat. The comments come as Google faces new […]

EU: Visa fights antitrust charges

EU: Visa fights antitrust charges

Visa is fighting back against accusations that it charges tourists excessive fees when they use their cards in the European Union. According to Reuters, Visa will present its case against the antitrust charges in front of senior European Commission officials and national competition officials at a two-day closed hearing. If the company loses the case, […]

EU: UPS sues EC over decision to block TNT acquisition

EU: UPS sues EC over decision to block TNT acquisition

US delivery giant UPS has launched court action against the European Union’s antitrust regulator for blocking a merger with Dutch firm TNT and is seeking €1.742 billion,  US$2.14 billion in compensation, reported the New York Times. The EU’s official journal noted Monday, February 26, that UPS also wants the regulator, the European Commission, to pay […]

EU: Lufthansa’s offers over Air Berlin land short of runway

EU: Lufthansa’s offers over Air Berlin land short of runway

Deutsche Lufthansa has to do more to allay European Union concerns about its takeover of most of Air Berlin after offering concessions that won’t fully appease regulators, according to two people familiar with the process. Lufthansa would need to improve upon its offer to cede landing rights of Air Berlin’s Niki arm in order to […]

EU: Apple, Ireland reach escrow agreement over €13b in taxes

EU: Apple, Ireland reach escrow agreement over €13b in taxes

Ireland has struck a deal with Apple to collect up to €13 billion (US$15 billion) in back taxes and hold it in an escrow account pending an appeal before the Court of Justice of the European Union. The government said in a statement Monday, December 4, that an agreement had been reached “in relation to […]

EU: New EC rules could enable banks to increase their software spending

EU: New EC rules could enable banks to increase their software spending

With FinTechs eroding away traditional banks’ lead, rules governing investments in software in the European Union (EU) may loosen. According to a news report in Reuters, as the EU banking rules stand today, money spent on software is treated as a cost instead of an investment, which forces lenders to have an equal amount of […]

EU: Google starts to comply with EU antitrust order

EU: Google starts to comply with EU antitrust order

Google has offered up plans and a glimpse of how it will seek to comply with antitrust directives from the European Union’s General Data Protection Regulation (GDPR), Reuters reported Tuesday. The plans center around behavior in which the internet giant favored its own shopping platform over rivals, giving prime search displays to its own displays, […]

EU: Merck, Sigma-Aldrich accused of misleading EU on merger

EU: Merck, Sigma-Aldrich accused of misleading EU on merger

The European Commission has raised a formal objection to Merck KGaA’s US$17 billion acquisition of Sigma-Aldrich — a deal completed in November 2015 — saying the companies breached the European Union’s merger rules by providing incorrect or misleading information. The Commission acknowledged that its Statement of Objections will not affect its earlier approval of the […]

Citizen Fox: The global antitrust vision of Eleanor Fox

Posted by Social Science Research Network Citizen Fox: The global antitrust vision of Eleanor Fox By Philip Marsden (College of Europe) & Spencer Weber Waller (Loyola University of Chicago) Abstract:     This chapter will examine the growth of Professor Eleanor Fox’s global and cosmopolitan vision for the future of competition policy. Over her illustrious career, […]

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