After 5 long lingering years a bit of light will be cast on Google’s antitrust case in Europe. Former Commissioner Joaquin Almunia for Competition failed to resolve the matter successfully during his term, going back and forth numerous times. Like a modern Pontius Pilate who “washed his hands”, the Spanish politician, who launched the Google investigation back […]On Google antitrust case: “Let’s face it, some companies want to hurt Google and it goes as simple as that”
April 14, 2015 by Leave a Comment
After 5 long lingering years a bit of light will be cast on Google’s antitrust case in Europe. Former Commissioner Joaquin Almunia for Competition failed to resolve the matter successfully during his term, going back and forth numerous times. Like a modern Pontius Pilate who “washed his hands”, the Spanish politician, who launched the Google investigation back […]EU to Telcos: Stop Mergers and Acquisitions but please help me urgently with 5G development
March 11, 2015 by Leave a Comment
Last week in the Mobile World Congress 2015 you had the distinct feeling being in an immense supermarket, strolling from isle to isle in order to find the product that you desire. For a deep pocket investor #MWC15 could be an excellent market place where she would be able to put in her “shopping basket” […]Google’s hot summer never ends: EC to launch ANOTHER antitrust inquiry against the American giant
August 8, 2014 by Leave a Comment
We must admit it: this is not exactly a quiet summer for Google. Not in the Old Continent at least. After the “Right To Be Forgotten” case has disturbed Google’s top management’s sleep recently, a new dark cloud may come soon. According to Reuters, the Mountain View, California-based company may soon face a new probe […]Zuckerberg, a paella, and the mighty EU questionnaires that would stop Whatsapp acquisition by Facebook?
July 11, 2014 by Leave a Comment
It was the end of February and we were walking around the Ramblas in Barcelona, at the eve of Mobile World Congress 2014, where the Sting was the only Brussels media that made it to Catalunya. Seduced by the smell of paella and cinnamon, there was one major thing that all the people wearing the magic MWC badge were whispering […]Intel, Almunia and 1 billion euros for unfair potatoes
June 18, 2014 by Leave a Comment
“The General Court upholds the fine of 1.06 billion euros ($ 1.4 billions) imposed on Intel for having abused its dominant position on the market for x86 central processing units between 2002 and 2007”. With these words the judge of the General Court of the European Union dismissed Intel’s action against the decision of the Commission […]More state aid to big firms, no special provisions for the SMEs
December 27, 2013 by 1 Comment
Rules for state aid covering research, development and innovation investments (R&D&I) are already relaxed in the European Union, in order to facilitate growth and job creation. Mind you that in this case the bending of competition rules is not confined to very small businesses, the SMEs and mid cups, but covers the entire constellation of […]More taxpayers’ money for the banks
December 20, 2013 by Leave a Comment
Within 24 hours, after the European Sting published on Thursday an article entitled, “Fair completion rules and the law of gravity don’t apply to banks”, and the responsible EU Commissioner Joaquín Almunia, Vice-President of the EC blessed as legitimate the rescue of the Dutch bank and insurance company SNS REAAL by the country’s exchequer with […]Commission offers discount on fines to banks for competition infringements
December 4, 2013 by Leave a Comment
Today, the European Commission fined 8 major banks a total of € 1.7 billion for participating in cartels rigging interest rate benchmarks in markets for financial derivatives covering the European Economic Area (EEA). According to the Commission, four of these firms participated in a cartel relating to interest rate derivatives denominated in euro, and six […]Commission caps charges on card and Internet payments and enforces competition
July 26, 2013 by Leave a Comment
It was high time that the European Commission tried to arrest the over-exploitation of European consumers by a handful of banks and credit card providers. This week Joaquín Almunia, Commission’s Vice President responsible for competition policy, and Michel Barnier, EU Commissioner in charge of internal market and services presented one draft regulation and one directive amendment, […]EU: 13 major banks may pay fines 10% of worldwide turnover
July 3, 2013 by 2 Comments
In a long-awaited decision, Joaquín Almunia, Vice President of the European Commission responsible for Competition Policy, accused thirteen western giant investment banking groups and two support bodies that those banks created a trust, setting prices in the over the counter trade of Credit Default Swaps and Derivatives, a multi trillion business. The Commission’s investigation covers […]Commission imposes a fine of €561 million on Microsoft
March 6, 2013 by Leave a Comment
Late in the afternoon of today 6 February, the Commission issued an announcement, signed by Joaquín Almunia, Vice President responsible for Competition Policy, saying that the Commission imposes on Microsoft a fine of €561 million. According to this Press release, the decision came as result of Microsoft’s failure to comply with the legally binding commitments […]
