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EU fines Google €890m for violating digital markets act

EU fines

BRUSSELS: The European Commission has imposed a €890 million ($1 billion) fine on Google, accusing the technology giant of abusing its dominant position in online search and violating the European Union’s Digital Markets Act (DMA).

In a statement, the Commission said Google illegally used its market dominance to favor its own services including shopping, travel, gaming and other products while pushing rival services lower in search results, harming fair competition.

The Commission also found that Google prevented app developers from informing users about alternative payment options outside the Google Play Store, a practice that allegedly helped preserve the company’s commission fees. Regulators said the conduct violates the DMA, which is designed to ensure fair and non-discriminatory practices by major technology companies.

Google has been given 60 days to comply with the Commission’s decision or face additional financial penalties.

The ruling is expected to heighten trade tensions between the European Union and the United States, as the Trump administration has criticized the bloc’s digital regulations as unfair and warned of possible retaliatory measures.

Google rejected the decision, saying the ruling would ultimately harm European consumers.

The latest action is part of a series of antitrust cases against the company. In 2018, the EU fined Google €4.34 billion over Android-related anti-competitive practices, while in 2017 it imposed a €2.42 billion penalty for favoring its comparison shopping service in search results. European courts have since upheld key aspects of those rulings.

Aurangzeb highlights Google’s interest in turning Pakistan into export hub

Aurangzeb

KARACHI: Federal Finance Minister Muhammad Aurangzeb announced that Google intends to develop Pakistan as an export hub, a move that underscores increasing global confidence in the country’s economic potential and digital growth prospects..

Speaking at the Future Summit in Karachi, the finance minister said Pakistan’s economy is moving in the right direction, with a renewed focus on production-led and sustainable growth. “The private sector plays a crucial role in driving economic progress. Our goal is to make Pakistan an export-oriented economy, with particular focus on the IT and maritime sectors,” he added.

Aurangzeb noted that international rating agencies have acknowledged Pakistan’s improving economic indicators, highlighting macroeconomic stability and a 9 percent rise in corporate profits.

He further said that efforts to broaden the tax base have resulted in an increase of 900,000 new filers. “Digitization will bring transparency to the economy, and countries like Egypt have expressed interest in learning from Pakistan’s FBR reforms,” he remarked.

The finance minister emphasized that structural reforms are essential for sustainable economic growth. He added that Pakistan will continue to build an ecosystem to leverage global diplomatic successes, promote AI-driven development, and tap into the vast potential of the blue economy.

Aurangzeb also disclosed that the government has decided to privatize 24 state-owned enterprises, with the privatization of Pakistan International Airlines (PIA) expected to be completed before the end of this year.