CURRENT AFFAIRS

Detailed explanation-1: -The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service. See also press release.

Detailed explanation-2: -Google loses appeal against €2.4 billion EU fine over its shopping service. The European Commission argues Google gave unfair preference to its own shopping service.

Detailed explanation-3: -The General Court last year also sided with the commission, upholding a 2.4 billion-euro fine issued in 2017 by regulators who decided that Google unfairly directed visitors to its comparison shopping service, Google Shopping, to the detriment of rivals.

Detailed explanation-4: -Google (GOOGL) suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure.

Detailed explanation-5: -What anti-competitive practices has Google been fined for? The CCI had fined Google Rs 1, 337.76 crore a week ago for abusing its dominant market position in the Android ecosystem, based on an investigation that the watchdog had started three-and-half years ago.