THENATIONALPULSE (Pulse Wires) - EU Hits Google with €890M Fine for Anti-Competitive Practices.
Google has been fined almost €1 billion (over $1 billion) by the European Union for allegedly favoring its own services over competitors.
The European Union has imposed a multi-million fine on Google under the bloc’s Digital Markets Act, accusing the tech giant of unfairly prioritizing its own services over competitors. PULSE POINTS WHAT HAPPENED: - DETAIL: The European Union (EU) has fined Google €890 million (approximately $1 billion) for allegedly abusing its market dominance to prioritize its apps and other services over competitors. The EU’s fine includes €460 million for Google allegedly prioritizing its own services in search results and €430 million for measures that allegedly prevented users from finding cheaper offers outside Google’s marketplace. The fine was issued under the EU’s Digital Markets Act (DMA). “The best products should succeed…Open
THENATIONALPULSE (Pulse Wires) - EU Hits China’s AliExpress with Record 550 Million-Euro Fine for Unsafe, Counterfeit Products.
The European Commission has imposed its largest-ever fine under the Digital Services Act, citing AliExpress for inadequate measures to prevent the sale of dangerous and counterfeit goods.
PULSE POINTS WHAT HAPPENED: The European Commission fined AliExpress 550 million euros ($629 million) for failing to adequately tackle the sale of unsafe and counterfeit products on its platform. This penalty is the largest issued under the EU’s Digital Services Act (DSA) to date. DETAIL: European Commission Executive Vice-President Henna Virkkunen said the spread of counterfeit clothing, unsafe toys, dangerous cosmetics, and other illegal products reflected AliExpress’s failure to meet its obligations under the DSA, adding that the company must better identify and mitigate systemic risks regardless of its size. AliExpress claims it remains committed to complying with the DSA and has invested heavily in product safety, risk…Open
NYTIMES (Alexandra Stevenson and Jeanna Smialek) - Temu Hit With Fine in E.U. Over Sales of Unsafe Goods
The Chinese e-commerce platform faces a penalty of more than $230 million for selling baby toys and other products the European Commission said could harm consumers.