Antitrust: Commission fines Google €4.34 billion for illegal practices regarding Android mobile devices to strengthen dominance of Google’s search engine

The European Commission has fined Google €4.34 billion for breaching EU antitrust rules. Since 2011, Google has imposed illegal restrictions on Android device manufacturers and mobile network operators to cement its dominant position in general internet search. Google must now bring the conduct effectively to an end within 90 days or face penalty payments of … Continue reading Antitrust: Commission fines Google €4.34 billion for illegal practices regarding Android mobile devices to strengthen dominance of Google’s search engine

Antitrust: Commission fines Qualcomm €997 million for abuse of dominant market position

The European Commission has fined Qualcomm €997m for abusing its market dominance in LTE baseband chipsets. Qualcomm prevented rivals from competing in the market by making significant payments to a key customer on condition it would not buy from rivals. This is illegal under EU antitrust rules. Commissioner Margrethe Vestager, in charge of competition policy, said: … Continue reading Antitrust: Commission fines Qualcomm €997 million for abuse of dominant market position

Humaniq Opens New US Office in Silicon Valley

Humaniq, the Ethereum-based blockchain banking app offering financial inclusion solutions for the unbanked, just opened a new office space in San Francisco, following a successful pre-seed funding campaign that reached nearly 12,000 participants and surpassed $5.2 Million. This development will intensify the capacity of Humaniq to accelerate its global social impact by working alongside leading … Continue reading Humaniq Opens New US Office in Silicon Valley