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EU fines Google a record $5 billion over mobile practices

EU fines Google a record $5 billion over mobile practices

Technology
European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record $ 5 billion for forcing cellphone makers that use the company's Android operating system to install Google search and browser apps. The European Union said Google's practices restrict competition and reduce choices for consumers. While Google can easily afford the fine, the ruling could undermine the company's business model, which relies on giving away its operating system in return for opportunities to sell ads and other products. Google immediately said it will appeal, arguing that its free operating system has led to lower-price phones and created competition with its chief rival, Apple. Android has "created more choice for everyone, not less," Google CEO Sundar Pichai tweeted . The fine, ...
General Electric faces fines over French jobs pledge

General Electric faces fines over French jobs pledge

Business
France is threatening to take the unusual step of fining General Electric if it fails to create a set number of jobs in the country.It is claimed the US industrial giant will renege on a pledge to produce 1,000 new jobs by the end of the year.The Labour minister Muriel Penicaud said GE would face a €50,000 penalty for every job not created.The move could be a test of President Emmanuel Macron's bid to push through more business-friendly policies.GE had committed to create a net 1,000 new jobs by the end of this year when it bought the energy business of France's Alstom in 2014. The US company was in competition for Alstom with Siemens of Germany.But GE had created only 323 jobs by the end of April, the finance ministry said last week.GE chief executi...
EU fines Qualcomm $1.23B for paying Apple to use its chips

EU fines Qualcomm $1.23B for paying Apple to use its chips

Technology
European regulators have fined Qualcomm $ 1.23 billion after concluding the U.S. mobile chipmaker bribed Apple to stifle competition by using its products exclusively in iPhones and iPads. The penalty announced Wednesday marks the latest blemish on Qualcomm, whose business tactics have been portrayed as illegal abuses of power in lawsuits filed by the U.S. Federal Trade Commission and Apple. Those cases are still making their way through the courts. The European Union probe focused on a different area than the U.S. lawsuits. Those complaints allege Qualcomm has been imposing unfair licensing terms on Apple and other makers of mobile devices for technology that it didn't invent. European regulators contend Qualcomm secretly paid Apple to use its chips for connecting to high-speed cellular ...
Germany votes for 50m euro social media fines

Germany votes for 50m euro social media fines

Technology
Social media companies in Germany face fines of up to 50m euros ($ 57.1; £43.9m) if they fail to remove "obviously illegal" content in time.From October, Facebook, YouTube, and other sites with more that two million users in Germany must take down posts containing hate speech or other criminal material within 24 hours.Content that is not obviously unlawful must be assessed within seven days.The new law is one of the toughest of its kind in the world.Failure to comply will result in a 5m euro penalty, which could rise to 50m euros depending on the severity of the offence.In a statement, Facebook said it shared the goal of the German government to fight hate speech. It added: "We believe the best solutions will be found when government, civil society and industry work together and that this ...