World Economy

EU to Fine Google

EU to Fine GoogleEU to Fine Google

The EU’s powerful anti-trust regulator will slap Google with a record fine as early as Tuesday in another European blow against a US tech giant, sources said, AFP reported. Led by hard-charging European Commission competition chief Margrethe Vestager, the EU will impose a massive penalty against Google that would break the previous record of €1.06 billion ($1.19 billion) set in 2009 against Intel, the US chipmaker. More importantly for Google, Brussels will demand that the US tech giant change its business practices to meet the EU’s concerns.

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