Alphabet's GOOGL.O Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.
However, the US tech giant is likely to avoid fresh fines as EU regulators lauded good progress in its ongoing efforts to comply with the landmark legislation.
The fines underscored Europe's determination to prevent Big Tech companies from thwarting rivals, defying US criticism and retaliatory tariff threats.
On Friday, US President Donald Trump on Friday blasted the European Union over what he called its "illegal' decision to fine Google, saying Washington would launch a probe into the bloc's "robbing" of American companies.
"We will immediately initiate a 301 Investigation into the practice of “ROBBING” American Companies," Trump said in a social media post, referring to Section 301 of the Trade Act of 1974.
"The European Union will pay a very big price for this illegal and highly unethical conduct," he wrote.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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