TechHighConfirmed
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EU fines Google €890mn for Digital Markets Act violations regarding search and app store practices
bne IntelliNews·EU · US·about 12 hours ago
The European Commission has fined Google $1 billion for leveraging its dominant search engine market position to unfairly promote its own services. This ruling reinforces the EU's ongoing regulatory crackdown on Big Tech's anti-competitive practices, though the company is expected to appeal the decision.
The United States has implemented new tariffs on approximately 60 countries, marking a significant shift toward protectionist trade policy. The move has sparked retaliatory measures from countries such as Brazil, which has activated its Reciprocity Law. Confidence is high that trade tensions will continue to escalate, but the specific scope and impact of the tariffs remain uncertain.