Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Google offers EU new competition proposals  Join our daily free Newsletter

MENAFN - AFP - 09/09/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) US Internet giant Google has submitted new proposals to remedy EU concerns that it is abusing its dominant position in the search market, the European Commission said Monday.

"If the Commission considers the proposals to be satisfactory there could be an agreed solution in the coming months," a spokesman said.

The EU's executive arm had identified four main areas of concern, chief among them that Google gives preference in its search results to its own services, such as surveys of restaurants or hotels.

"Our proposal to the European Commission addresses their four areas of concern," Google spokesman Al Verney told AFP.

"We continue to work with the Commission to settle this case," Verney added, declining to give any specific details.

Separately, the FairSearch alliance of companies which have pressed Brussels to take action against Google demanded Monday that "customers and competitors ... be consulted in a full, second market test" of its latest offer.

Commission tests of a first Google proposal last spring came back negative.

Accordingly, in July, EU Competition Commissioner Joaquin Almunia wrote to Google chief Eric Schmidt to demand that Google improve its proposals.

The Commission spokesman did not say Monday if the latest offer would be market tested.

Brussels launched its investigation of Google in November 2010 following a complaint by several companies, including Microsoft.

A company found at fault in an EU anti-trust probe can face fines of up to 10 percent of its total annual sales.


 


AFP




  MENA News Headlines
 Mar 4 2015 - Egypt eyes foreign investmentsMENAFN
(MENAFN) Egypt's economic conference raised expectations about improving investments opportunities in the country as well as among foreign business communities, The National reported.However, the ...

 Mar 4 2015 - ME carriers register 11.4 percent passenger growth in JanuaryMENAFN
(MENAFN) An increasing number of passengers are continuing to choose Middle East carriers for international travel, according to January figures from International Air Transport Association (IATA), ...

 Mar 4 2015 - UAE's Sanad portfolio value to reach USD1.5b by 2020MENAFN
(MENAFN) Sanad Aero Aolutions (Sanad), Mubadala's spare engine and component leasing and financing company, plans to increase its portfolio value to more than USD1.5 billion by 2020, up from over ...

 Mar 4 2015 - EU shares near 7-year highs as German retail sales jumpKhaleej Times
(MENAFN - Khaleej Times) The gains follow a rise in Asia and another record day on the Wall Street . US stocks futures pointed to a flat start.Eurozone government bond yields were slightly higher but ...

 Mar 4 2015 - UAE-based enterprises key target for seven global trade shows in Hong KongKhaleej Times
(MENAFN - Khaleej Times) The Hong Kong Trade Development Council, or HKTDC, the international representative organisation for Hong Kong-based manufacturers, traders and service providers, announced ...

 Mar 4 2015 - Moody's Investor Service upgrades Emaar's outlookKhaleej Times
(MENAFN - Khaleej Times) Emaar's strong cash flow generation, solid liquidity and growing business diversification will enable it to weather the more uncertain investment climate, Moody's Investor ...

 Mar 4 2015 - Israeli Navy Shoots Palestinian Fishing BoatsQatar News Agency
(MENAFN - QNA) Israeli navy opened fire at Palestinian fishing boats sailing off al-Sudaniya shore, in the northern Gaza Strip. Palestinian security sources said that the Israeli navy roaming the ...

 Mar 4 2015 - Dubai Int'l Boat Show sees more than 26,000 visitorsKhaleej Times
(MENAFN - Khaleej Times) The 23rd edition of the Dubai International Boat Show opened on Tuesday and is expected to draw more than 26,000 visitors from over 120 countries including High Net Worth ...

 Mar 4 2015 - Middle East and Africa private wealth set to hit $7.2t by 2018Khaleej Times
(MENAFN - Khaleej Times) With private wealth in the Middle East and Africa projected to reach $7.2 trillion by 2018, Dubai International Financial Centre is well positioned with its laws and ...

 Mar 4 2015 - Luxembourg seeks to bolster ties with UAEKhaleej Times
(MENAFN - Khaleej Times) Luxembourg, which is home to assets under management to the tune of more than ‚¬3000 billion, seeks to boost collaboration with the UAE in financial services, in particular ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help