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DECEMBER 1, 2019

EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. An EU executive told Reuters that the European Commission wanted to know what methods Google uses to mine data and the reasons behind the collection. .

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NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. s Competition and Markets Authority (CMA), the agency that oversees enforcement of antitrust laws. According to the U.K.

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DECEMBER 4, 2020

4), Dutch antitrust regulators have been looking at the company – specifically into Apple’s Pay’s near-field communications (NFC) operability. It should be noted that the Netherlands Authority for Consumers and Markets (ACM) did not explicitly name Apple in its announcement of an investigation into NFC.

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JULY 1, 2020

The European Union (EU) has leveled new rules against Google in a bid to help rein in the tech giant, including regulations on data sharing and the operation of digital marketplaces, Reuters reported. Most recently, Google faced a lawsuit earlier this year after the EU levied a €2.4-billion billion ($2.6

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SEPTEMBER 8, 2020

With the boom of eCommerce both before and during the pandemic, European Union regulators are taking another look at antitrust rules regarding internet sales and distribution platforms. The European Commission, the EU’s arm for antitrust regulations, said in a press release that it will examine vertical block exemption regulations (VBER).

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MAY 28, 2020

As it looks for a new way to hop into India’s hot mobile market, Google may be ready to take on rival Facebook, which has backed the dominant Indian telecom Jio Platforms. Now, Google is exploring the prospect of buying about 5 percent of Vodafone Idea, a partnership between the U.K.

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OCTOBER 21, 2020

Tim Armstrong , a former Google exec, said the tech giant didn't rely on "evil things" to attain dominance in the search engine realm, CNBC reports. Armstrong, speaking on "Squawk Alley," said Google had an expertly-executed strategy that propelled it to the point where it now faces scrutiny from regulators. On Tuesday (Oct.

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NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. The Digital Services Act is forecast to revamp content management on platforms such as Facebook and Google. Australian Regulator Looks Into Merger Law Changes. It is due to be put forward early next month. Turkey Hits Big Tech Platforms With $1.18M Penalty.

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DECEMBER 15, 2020

15) extensive potential new regulations for digital services that would cover online marketplaces, social media and other platforms, offering first drafts for the Digital Markets Act (DMA) and the Digital Services Act (DSA) to the public. The European Commission released on Tuesday (Dec.

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APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. A reclassification could lead to significant changes in how the mobile payment service can operate in the country.

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DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. s Competition and Markets Authority (CMA), which published a report on Wednesday (Dec. There is an emerging international consensus around the scope of new regulation.

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FEBRUARY 3, 2020

The European Union is examining the creation of a single data market that would reportedly challenge tech firms such as Google and Facebook, as Reuters reported. The Japan Times reported that the mandate would seek to keep tech giants such as Amazon from abusing dominant market positions when competing with smaller online retailers.

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DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

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SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). Google Fine. Speaking of Google ….

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JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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MARCH 15, 2018

New rules loom in the European Union for tech giants like Apple , Amazon and Google, Reuters reported. As has been noted, tech companies have become more highly regulated in Europe, as regulators focus on user data, tax payments and other business processes.

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NOVEMBER 15, 2019

This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Google Dives Into DDAs. The branding will reflect the financial institutions and not Google. Apple Pay Competition Practices Eyed By EU Regulators.

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FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

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NOVEMBER 7, 2019

European Union antitrust chief Margrethe Vestager has concerns about Google’s recent acquisition of Fitbit, as well as continued competition issues over how the company lists shopping search results, according to reports by Reuters. Google made a deal to buy Fitbit for $2.1 Two years ago, Reuters reported, Vestager hit Google with a 2.4

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APRIL 14, 2019

Bitcoin exchange Bakkt has hired PayPal and Google alum Mike Blandina as its chief product officer. Previously, Blandina was at Google Wallet, where he was engineering director of payments, and at PayPal as vice president of engineering. is similar to training, adding that “race day is approaching.”. dollars for use at Starbucks.”.

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DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. BigTech’s entry into finance has had benefits, like financial inclusion in emerging markets and underbanked economies. Doing so may help encourage competition, and help ensure a level playing field amongst market participants.”.

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SEPTEMBER 23, 2020

Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case. The regulator said on Tuesday (Sept. India's Paytm Takes On Google Over Android Power.

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JULY 18, 2018

Alphabet’s Google is about to get slapped with a $5.06 billion antitrust fine from the European Union over what the EU calls an abuse of the Android operating system. Google has the right to appeal the fine. The fine would mark the second time Google was hit with an EU fine. About a year ago the EU hit Google with a €2.4

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MARCH 15, 2019

Google and its parent company Alphabet could be facing an antitrust fine from the European Union in the coming weeks over its AdSense advertising product. At the time, Google had 80 percent of the Euro market for search ads, and had apparently kept its anti-competition ad practice up for 10 years. Google was hit with a 4.34

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DECEMBER 31, 2019

Google, Samsung and Dell joined Apple and the Association of Trading Companies and Manufacturers of Household Electrical Equipment and Computers (RATEK) in petitioning Russian authorities to drop the restrictions. “The initiative is potentially harmful to the market. Apple is among the many U.S.

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JULY 19, 2018

The Federal Trade Commission Chairman Joseph Simons told lawmakers Wednesday (July 18) that he will look at the European Union’s move to fine Google $5 billion for antitrust violations pertaining to the Android mobile operating system. Google has the right to appeal the fine. Last year the EU fined Google €2.4

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OCTOBER 7, 2020

Laws and regulators sometimes create seismic shifts within industries – where new mandates and rulings on trade and competitive practices can be likened to a sledgehammer. For Big Tech, the bleeding may come from cuts, here and there, targeting individual agreements and operations.

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DECEMBER 12, 2019

Also, Bill Ready, formerly PayPal’s chief operating officer, is set to join Google as president of commerce. But he’ll leave it up the regulators to decide if — and which — companies are abusing their power. PayPal’s Bill Ready To Join Google As President Of Commerce. Monetizing Payments Data In The Age Of IoT.

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SEPTEMBER 13, 2019

Vestager has fined Google and Qualcomm around $10 billion euros after they were found to have squashed competition. “If If we want to define the market, to set out what’s acceptable and what isn’t, then what we need is not more competition enforcement. We need regulation,” she said in Copenhagen. “So

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JUNE 27, 2017

The European Commission has spoken when it comes to Google — and as of today, it has spoken loudly. Google has been ordered to pay 2.4 Google has been ordered to pay 2.4 Critics of the move, particularly stateside, have complained that the EC is targeting successful American firms that operate overseas. billion euros ($2.7

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NOVEMBER 19, 2019

Google, at $1,314, is about 23 percent than at 2019’s dawn. And regulators, along with policymakers, tend to bring an uncertainty when it comes to growth prospects. That might be the case even if companies like Google and others are allowed to maintain a presence across, say, search, advertising and media. This afternoon (Nov.

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DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

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OCTOBER 14, 2019

Today in the payments news roundup, Google has reportedly prohibited high-interest consumer loan services from its Google Play store. Google Play Store Boots Payday Loan Apps. Google Play Store Boots Payday Loan Apps. High-interest consumer loan services are now prohibited from having apps on the Google Play store.

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OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

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NOVEMBER 25, 2019

The Czech tax is aimed at firms like Facebook, Google and others that have more than $750 million in global revenues, and derive at least 3.9 The business services must also reach at least 200,000 accounts in the Czech market. Health Records and Google. As reported , Google is in a partnership with Ascension Health.

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NOVEMBER 1, 2020

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Apple said that, regardless of the merit of those claims, the lawsuits can prove expensive, costing time and disrupting day-to-day management.

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SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit.

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