Page 34 - Acb News Today

Big Tech platforms Meta Platforms Inc, formerly known as Facebook, and Google have been hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating monopolies and abusing their power.

EU's antitrust regulator is taking a deeper look into Microsoft Corp's $16 billion deal for transcription technology company Nuance Communications Inc , asking customers and competitors to draw up a list of concerns, according to a questionnaire from last month seen by Reuters.

Russia fined Alphabet's Google 9 million roubles ($121,000), a Moscow court said on Tuesday, in the latest in a string of penalties against the technology giant for failing to delete content the government deems illegal.

Britain's antitrust watchdog said the merger of French waste and water management groups Veolia and Suez could lessen competition and mean higher bills for councils in the UK.

Facebook could be sued by consumer groups for privacy violations, an adviser to Europe's top court said on Thursday, in a German online gaming case that could pave the way for similar action across the EU.

EU antitrust regulators on Thursday fined Barclays , Credit Suisse , HSBC and NatWest 344 million euros ($390 million) for foreign exchange market rigging, closing a key chapter in a high-profile investigation.

The U.S. Federal Trade Commission on Thursday sued to block U.S. chip company Nvidia Corp's more than $80 billion planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal.

European stocks slumped to a three-week low on Tuesday, clocking their worst session in nearly two months, as a resurgence in COVID-19 cases raised fears of tighter restrictions, while energy stocks and miners rose on higher commodity prices.

The U.S. Senate Commerce Committee voted on Wednesday to advance law professor and privacy advocate Alvaro Bedoya's nomination to the U.S. Federal Trade Commission.

The Australian competition regulator lambasted U.S. carmaker General Motors' local unit over its abrupt withdrawal from the market last year, but opted to take no formal legal action against it, the regulator said on Friday.