Tag Archives: bln

BRUSSELS, March 21 (Reuters) – Europe’s second-highest court will rule on Sept. 14 on Alphabet (GOOGL.O) unit Google’s challenge against a record 4.34 billion euros ($4.8 billion) EU antitrust fine levied for using its Android mobile operating system to squeeze out rivals. The judgment from the Luxembourg-based General Court comes 10 months after the world’s most popular internet search engine lost its fight in the same court against a 2.42-billion-euro penalty in another case. It has filed… Source link

MOSCOW, Feb 15 (Reuters) – Russian internet giant Yandex on Tuesday reported a sharp drop in adjusted annual net profit, but said total revenue could surge this year to around $6.5 billion, driven in part by high turnover growth in e-commerce. Yandex’s core advertising business, which accounted for 47% of total revenue in the fourth quarter of 2021, suffered during the early stages of the COVID-19 pandemic, but surging interest in online transactions allowed its other… Source link

(Adds quotes from call, analyst comment) By Alexander Marrow and Gleb Stolyarov MOSCOW, Feb 15 (Reuters) – Russian internet giant Yandex on Tuesday reported a sharp drop in adjusted annual net profit, but said total revenue could surge this year to around $6.5 billion, driven in part by high turnover growth in e-commerce. Yandex’s core advertising business, which accounted for 47% of total revenue in the fourth quarter of 2021, suffered during the early stages of the COVID-19 pandemic, but… Source link

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, Feb 15 (Reuters) – Russian internet giant Yandex (YNDX.O) on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects total group revenues to continue their upward trajectory this year to reach 490-500 billion roubles ($6.50-$6.63 billion). Yandex’s… Source link

STOCKHOLM, Feb 7 (Reuters) – Price comparisons company PriceRunner said on Monday it has sued Alphabet-owned (GOOGL.O) Google for about 2.1 billion euros ($2.40 billion) at a court Stockholm, saying the company breached antitrust laws by manipulating search results in favour of its own comparison shopping services. PriceRunner said its lawsuit aims to make Google pay compensation for the profits that it has lost in the U.K. since 2008, as well as in Sweden and Denmark since 2013. Investment… Source link

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India April 21, 2016. REUTERS/Adnan Abidi Register now for FREE unlimited access to Reuters.com Register BENGALURU, Jan 28 (Reuters) – Alphabet Inc’s Google (GOOGL.O) will invest up to $1 billion in Bharti Airtel (BRTI.NS) in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said on Friday. The… Source link

Jan 20 (Reuters) – Google is filing an appeal at the European Union’s top court against an earlier decision to uphold a $2.8 billion antitrust fine, a spokesperson for the Alphabet (GOOGL.O) unit said late on Thursday, the company’s second bid to overturn the penalty. EU Competition Commissioner Margrethe Vestager fined the world’s most popular internet search engine in 2017 over the use of its own price comparison shopping service to gain an unfair advantage over smaller European rivals. The… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave//File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, Dec 24 (Reuters) – A Moscow court on Friday said it was fining Alphabet’s Google (GOOGL.O) 7.2 billion roubles ($98 million) for what it said was a repeated failure to delete content Russia deems illegal, the first revenue-based fine of its kind in Russia. Moscow has… Source link

LONDON, Nov 10 (Reuters) – The UK Supreme Court has blocked a planned 3.2 billion pound ($4.3 billion) British class action against Google (GOOGL.O) over allegations the internet giant unlawfully tracked the personal information of millions of iPhone users. Britain’s top judges unanimously granted a Google appeal against the country’s first such data privacy case on Wednesday, a move that upsets a string of similar claims waiting in the wings against other companies including Facebook (FB.O)… Source link

The logo of Google is seen in Davos, Switzerland January 20, 2020. 2020. REUTERS/Arnd Wiegmann/File Photo Nov 4 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has invested $1 billion in CME Group (CME.O) and has struck a separate deal to move the exchange operator’s trading systems to the cloud, the companies said on Thursday. Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri Our Standards: The Thomson Reuters Trust Principles. Source link