Tag: European Commission
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EU Commission opens probe of TikTok’s suspected breaches of child protection rules
The European Commission on Monday opened an investigation into TikTok over suspected breaches of European Union rules on child protection and advertising transparency. The commission is investigating whether TikTok’s algorithms may be addictive or create “rabbit hole effects. “The EU executive is also
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European Commission fines three banks €28.5m for breaking the bloc’s antitrust rules
The European Commission has fined three banks, a total of 28.5 million euros (34.4 million dollars) for breaking the bloc’s antitrust rules. The affected banks include Merrill Lynch of the U.S., France’s Credit Agricole, and Switzerland’s Credit Suisse. Deutsche Bank was not fined because it revealed the existence of the bond-trading cartel, the EU executive…
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Google to pay $2.7 billion for abusing its dominance
The European Union (EU) has fined Google a record-breaking 2.4 billion-euro ($2.7 billion) in what is just a fraction of the costs from the EU’s demand that the Internet giant stop skewing search results to favour its own shopping site gaining ‘undue’ dominance in so doing. To some smaller businesses, this might mean ‘torn apart’,…
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Kaspersky files antitrust complaints against Microsoft
Russian security software maker Kaspersky Lab has filed antitrust complaints against Microsoft with the European Commission and the German federal cartel office, it said in a statement on Tuesday. Kaspersky contends that Microsoft is abusing its market dominance to crowd out independent anti-virus software makers, pushing Windows 10 users towards its own Windows Defender software,…