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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 19, 2025

    Featured image for article about Headlines

    By Foo Yun Chee

    BRUSSELS (Reuters) -Alphabet's Google faced a potential setback on Thursday as an adviser to Europe's highest court sided with EU antitrust regulators in the company's fight against a record 4.34 billion euro ($4.98 billion) fine levied seven years ago.

    The European Commission in its 2018 decision said Google had used its Android mobile operating system to block rivals. A lower tribunal endorsed the EU finding in 2022 but trimmed the fine to 4.1 billion euros, prompting Google to appeal to Europe's top court.

    Advocate-General at the Luxembourg-based Court of Justice of the European Union (CJEU) Juliane Kokott, in her non-binding opinion, advised the court to dismiss Google's appeal and confirm the reduced fine set by the lower tribunal.

    "The legal arguments put forward by Google are ineffective," she said.

    Kokott dismissed Google's argument that regulators should compare Google with a rival in assessing the situation.

    "It is not realistic, in the present case, to compare the situation of Google with that of a hypothetical as-efficient competitor. Google held a dominant position in several markets of the Android-ecosystem and thus benefited from network effects that enabled it to ensure that users used Google Search," she said.

    Judges, who usually follow four out of five such non-binding opinions, will rule in the coming months.

    "Android has created more choice for everyone and supports thousands of successful businesses in Europe and around the world," a Google spokesperson said on Thursday.

    "We are disappointed with the Opinion which, if it were followed by the Court, would discourage investment in open platforms and harm Android users, partners and app developers."

    Regulators said Google's illegal practices dated back to 2011, as it required manufacturers to pre-install Google Search and its Chrome browser together with its Google Play app store on their Android devices. It paid them to pre-install only Google Search and blocked them from using rival Android systems.

    Google's Android system, which it lets device makers use for free, runs about 73% of the world's smartphones, according to Statcounter.

    The world's most popular internet search engine has racked up a total of 8.25 billion euros in fines linked to three investigations stretching back more than a decade, while other probes are ongoing.

    The case is C-738/22 P Google and Alphabet v Commission.

    ($1 = 0.8726 euros)

    (Reporting by Foo Yun Chee; Editing by Bernadette Baum)

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