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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
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"Very Unfair": Trump Threatens EU Tariffs Over $3.4 Billion Google Antitrust Fine
US President Donald Trump lashed out at the European Union Friday for slapping Google with an "unfair" $3.47 billion antitrust fine, threatening retaliatory tariffs if the bloc does not repeal the measure.
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Google Fined $3.5 Billion For Breaching European Union's Competition Rules
European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc's competition rules by favoring its own digital advertising services, marking the fourth such antitrust penalty for the company.
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Google Fined $36 Million Over Anti-Competitive Deals With Australia Telcos
Google has agreed to pay a Aus$55 million (US$36 million) penalty for striking "anti-competitive" deals to pre-install only its own search engine on Android mobile phones sold by two leading Australian telecoms firms.
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Google Offers to Tweak Search Results to Promote Rivals, Stave Off EU Antitrust Fine
Google is looking to tweak its search results to better highlight rival services, aiming to avoid a hefty EU antitrust fine. This move follows charges from the European Commission accusing the tech giant of violating the Digital Markets Act by prioritising its own services like Google Shopping, Hotels, and Flights on its Search browser.
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Google Suffers Setback in Fight Over EU’s EUR 4.1 Billion Fine
Google’s fight against a record EUR 4.1 billion ($4.7 billion) European Union antitrust fine has suffered a blow. Advocate General Juliane Kokott of the EU’s Court of Justice said in a non-binding opinion that Google’s appeal should fail because the legal arguments put forward by the US tech giant fell short.
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Brazil's Top Court Votes to Hold Social Media Platforms Accountable for User Posts
Brazil's Supreme Court ruled Wednesday that social media firms are responsible for certain user-posted content in the country. This could result in fines against social media companies in Brazil. The decision could impact the business of platforms including Meta's Facebook and Instagram, as well as TikTok, Elon Musk's X and other internet giants, s...
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EU Decisions on Alleged Apple, Meta Tech Rule Breaches Due in Coming Weeks, Antitrust Chief Says
The EU, in the coming weeks, is likely to decide if Apple and Meta breached landmark tech rules aimed at curbing their market power. Both companies are expected to face modest fines for DMA violations, sources told Reuters last month.
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Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
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Google Accused Of Breaching European Union Rules, Risks Fine
The move by the European Commission came amid tensions with US President Donald Trump who has threatened to levy tariffs against countries which impose fines on US companies.
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Ex-Google Engineer Faces New US Charges Over Theft of AI Secrets for Chinese Companies
US prosecutors have accused former Google software engineer Linwei Ding of leaking AI trade secrets to Chinese firms. The defendant, also known as Leon Ding, was indicted last March on four counts of theft of trade secrets. He is currently free on bond.
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Turkey Fines Google $75 Million For Violating Competition Law
Turkey's competition authority has fined Google $75 million, for taking advantage of its dominant position in the AD server services market, the regulator said in a statement on Friday.
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Proposed Australia Law Would Fine Big Tech Over Digital Competition
Australia's centre-left Labor government has targeted Big Tech's influence, and parliament passed a law last week that banned social media for children aged under 16.
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Google, Meta Urge Australia to Delay Bill on Social Media Ban for Children
Prime Minister Anthony Albanese's centre-left government wants to pass the bill, which represents some of the toughest controls on children's social media use imposed by any country, into law by the end of the parliamentary year on Thursday.
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Google Loses Fight Against $2.7 Billion EU Antitrust Fine
Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion or roughly Rs. 22,673 crore) fine levied by EU antitrust regulators seven years ago. CJEU judges noted that EU law does not sanction the existence of a dominant position, but its abusive exploitation.
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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
-
"Very Unfair": Trump Threatens EU Tariffs Over $3.4 Billion Google Antitrust Fine
US President Donald Trump lashed out at the European Union Friday for slapping Google with an "unfair" $3.47 billion antitrust fine, threatening retaliatory tariffs if the bloc does not repeal the measure.
-
Google Fined $3.5 Billion For Breaching European Union's Competition Rules
European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc's competition rules by favoring its own digital advertising services, marking the fourth such antitrust penalty for the company.
-
Google Fined $36 Million Over Anti-Competitive Deals With Australia Telcos
Google has agreed to pay a Aus$55 million (US$36 million) penalty for striking "anti-competitive" deals to pre-install only its own search engine on Android mobile phones sold by two leading Australian telecoms firms.
-
Google Offers to Tweak Search Results to Promote Rivals, Stave Off EU Antitrust Fine
Google is looking to tweak its search results to better highlight rival services, aiming to avoid a hefty EU antitrust fine. This move follows charges from the European Commission accusing the tech giant of violating the Digital Markets Act by prioritising its own services like Google Shopping, Hotels, and Flights on its Search browser.
-
Google Suffers Setback in Fight Over EU’s EUR 4.1 Billion Fine
Google’s fight against a record EUR 4.1 billion ($4.7 billion) European Union antitrust fine has suffered a blow. Advocate General Juliane Kokott of the EU’s Court of Justice said in a non-binding opinion that Google’s appeal should fail because the legal arguments put forward by the US tech giant fell short.
-
Brazil's Top Court Votes to Hold Social Media Platforms Accountable for User Posts
Brazil's Supreme Court ruled Wednesday that social media firms are responsible for certain user-posted content in the country. This could result in fines against social media companies in Brazil. The decision could impact the business of platforms including Meta's Facebook and Instagram, as well as TikTok, Elon Musk's X and other internet giants, s...
-
EU Decisions on Alleged Apple, Meta Tech Rule Breaches Due in Coming Weeks, Antitrust Chief Says
The EU, in the coming weeks, is likely to decide if Apple and Meta breached landmark tech rules aimed at curbing their market power. Both companies are expected to face modest fines for DMA violations, sources told Reuters last month.
-
Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
-
Google Accused Of Breaching European Union Rules, Risks Fine
The move by the European Commission came amid tensions with US President Donald Trump who has threatened to levy tariffs against countries which impose fines on US companies.
-
Ex-Google Engineer Faces New US Charges Over Theft of AI Secrets for Chinese Companies
US prosecutors have accused former Google software engineer Linwei Ding of leaking AI trade secrets to Chinese firms. The defendant, also known as Leon Ding, was indicted last March on four counts of theft of trade secrets. He is currently free on bond.
-
Turkey Fines Google $75 Million For Violating Competition Law
Turkey's competition authority has fined Google $75 million, for taking advantage of its dominant position in the AD server services market, the regulator said in a statement on Friday.
-
Proposed Australia Law Would Fine Big Tech Over Digital Competition
Australia's centre-left Labor government has targeted Big Tech's influence, and parliament passed a law last week that banned social media for children aged under 16.
-
Google, Meta Urge Australia to Delay Bill on Social Media Ban for Children
Prime Minister Anthony Albanese's centre-left government wants to pass the bill, which represents some of the toughest controls on children's social media use imposed by any country, into law by the end of the parliamentary year on Thursday.
-
Google Loses Fight Against $2.7 Billion EU Antitrust Fine
Google on Tuesday lost its fight against a 2.42 billion euro ($2.7 billion or roughly Rs. 22,673 crore) fine levied by EU antitrust regulators seven years ago. CJEU judges noted that EU law does not sanction the existence of a dominant position, but its abusive exploitation.
