Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 11 June 2012 13:37

EU opens anti-trust negotiations with Google

Written by Nick Farrell

eu

Name your “remedy”

Competition Commissioner Joaquin Almunia said Google must start to negotiate on remedies to protect competition or face potentially heavy fines. He told a conference that he expected to receive from Google concrete signs of their willingness to explore this route by early July.

The deadline will bring the first stage of the European antitrust authorities investigation to a close. If Google does not negotiate, regulators will issue a formal “statement of objections” in response to complaints by more than a dozen rivals, who claimed it abuses its dominant position in general web to promote its own secondary services such as price comparison, he said.

Almunia added that if the negotiations go pear shaped formal proceedings will continue through the adoption of a statement of objections. After the statement of objections, the Commission could impose fines of up to 10 per cent of Google global revenues, which were $37.9bn in 2011. This could go a long way to sorting out Greece’s debt problems

Almunia believed that users and competitors would greatly benefit from a quick resolution of the case. Recent signals from Google have suggested it is in no mood to back down which could make things a lot more expensive.


Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments