Brussels regulator urges rival firms to sue Google after record fine

US web giant Google was slapped with a record €2.42billion fine for skewing search results in favour of its own shopping services in a fresh blow to the US company earlier this week. A Brussels regulator has urged Google’s rivals to sue the internet giant if its abuse of power has cost them.

Sourced from: www.dailymail.co.uk

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European Commission opens formal investigation into distribution practices of clothing company Guess

The European Commission has opened a formal antitrust investigation into the distribution agreements and practices of clothing manufacturer and retailer Guess. The Commission will examine whether Guess illegally restricts retailers from selling cross-border to consumers within the EU Single Market. Commissioner.

Sourced from: europa.eu

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US Announces Preliminary Determination In Turkish Rebar Investigations

The US Department of Commerce (DoC) announced its preliminary decision in the Turkish rebar countervailing duty and anti-dumping investigations, which were filed upon complaint of domestic mills. According to the preliminary decision of countervailing duty investigation, the Turkish producer involved in the case is now subject to a preliminary margin of 3.47 percent.

Sourced from: www.globaltrademag.com

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London Stock Exchange-Deutsche Boerse deal blocked by EU

EU regulators block London Stock Exchange’s £21bn merger with German stock exchange Deutsche Boerse.The European Commission said the deal would have created a “de facto monopoly” for certain financial services.

Sourced from: www.bbc.com

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Luxembourg to support Irish appeal over Apple tax ruling

A number of European Union countries are understood to be considering joining forces with Ireland as it prepares to fight the European Commission’s finding last year that the State gave Apple €13 billion in illegal tax aid.

Sourced from: www.irishtimes.com

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A controversial transaction sits at the heart of Liberty Media’s takeover of Formula One

ON JANUARY 17th shareholders of Liberty Media Corporation, an American firm controlled by John Malone, a billionaire, are expected to approve a transaction that many hail as the sports deal of the decade. In September 2016 Liberty agreed to buy the Formula One (F1) motor-racing franchise from CVC, a private-equity group, for $8bn.

Sourced from: www.economist.com

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European Commission Approves Verizon’s Proposed Buyout of Yahoo, Given Their ‘Moderate Market Positions’

The European Commission has given the thumbs up to Verizon’s proposed acquisition of beleaguered web portal Yahoo. Delivered a day ahead of the deadline, the EU panel on mergers and takeovers said on Wednesday that Verizon’s purchase Yahoo “would not raise any competition concerns given the companies’ moderate market positions, the limited increments brought by the proposed transaction and the presence of a number of strong players providing such services.”

Sourced from: www.billboard.com

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