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Google hit with 4.3bn euro Android fine from EU

Google hit with 4.3bn euro Android fine from EU

Business
Google is to be fined a record 4.3 billion euros ($ 5bn; £3.8bn) over its Android operating system, the BBC has learned.The European Commission's action followed a three year probe into claims the firm's mobile device strategy had unfairly strengthened its dominance of search.The penalty is set to be confirmed at a press conference in Brussels later.It will be the largest fine imposed by the regulator against a single firm.However, Google may challenge the ruling.Competition Commissioner Margrethe Vestager previously fined Google 2.4bn euros ($ 2.8bn; £2.1bn ) over a separate probe into its shopping comparison service - a ruling Google is in the process of appealing against.In addition, her team has a third investigation underway into the fir...
Facebook faces £500,000 fine from UK data watchdog

Facebook faces £500,000 fine from UK data watchdog

Technology
Media playback is unsupported on your device The UK's data protection watchdog intends to fine Facebook £500,000 for data breaches - the maximum allowed.The Information Commissioner's Office said Facebook had failed to ensure another company - Cambridge Analytica - had deleted users' data.The ICO will also bring a criminal action against Cambridge Analytica's defunct parent company SCL Elections. And it has raised concerns about political parties buying personal information from "data brokers".Specifically it named one company used by the Labour Party, Emma's Diary, which gives medical advice and free baby-themed products to parents.Facebook said it would respond to the report "soon".The ICO also said another company - Aggregate IQ - whi...
Record $120m fine for nuisance robocalls

Record $120m fine for nuisance robocalls

Technology
A man has been fined a record-breaking $ 120m (£88m) for making more than 90 million automated marketing telephone calls in the US.Miami salesman Adrian Abramovich was accused of trying to sell holidays and timeshare properties with the unsolicited robocalls.The fine is the largest the Federal Communications Commission (FCC) has ever issued.Mr Abramovich said he had not intended to "defraud or cause harm".But FCC chairman Ajit Pai said in a statement that the defence "isn't very convincing"."Mr Abramovich doesn't dispute that he was responsible for placing 96,758,223 robocalls during a three-month period in 2016," he said."He doesn't dispute that all these robocalls were made without the recipients' consent." ...
Watchdogs to fine Barclays boss over whistleblower

Watchdogs to fine Barclays boss over whistleblower

Business
UK financial regulators plan to fine Barclays chief executive Jes Staley over attempts to uncover the author of an anonymous letter.The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) opened an investigation in 2017 looking at Mr Staley's alleged attempt to unmask an employee who wrote a letter raising concerns about the recruitment of a senior employee.According to Barclays, regulators have found Mr Staley's actions represented a breach of individual conduct rules that relates to a "requirement to act with due skill, care and, diligence"."Each have proposed that he pay a financial penalty," Barclays said."The FCA and PRA are not alleging that he acted with a lack of integrity or that he lacks fitness and propriety to continue to perform his role as Group Chief ...
Treasury in US talks to speed up huge RBS fine

Treasury in US talks to speed up huge RBS fine

Business
The Treasury has held secret talks with‎ US officials aimed at accelerating a multibillion fine for Royal Bank of Scotland (RBS) that would finally draw a line under its pre-bailout misconduct.Sky News has learnt that officials from the Treasury were due to discuss earlier this week the progress of settlement negotiations between RBS‎ and the Department of Justice (DoJ) over the mis-selling of residential mortgage-backed securities (RMBS).The talks were scheduled just days before the state-backed lender is expected to report its tenth consecutive annual loss - depending upon whether it takes another big charge for the impending DoJ fine.A senior City insider said this weekend that discussions between the Treasury and US officials were aimed at expediting a final penalty for the bank, which