european commission – News Express

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EU fines Meta nearly €800 million for ‘abusive’ practices benefiting Facebook marketplace – Times of India

adminNovember 14, 202405 mins

The European Commission on Thursday fined Meta nearly €800 million for breaching antitrust rules by giving Facebook users automatic access to Facebook Marketplace, benefiting the platform through “abusive practices”.The €797.72 million ($840.24 million) penalty follows a prolonged investigation, which concluded that Meta had abused its dominant market position and engaged in anti-competitive conduct.What the European…

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Chinese online shopping giant that has become ‘headache’ for Zara, H&M and Amazon in trouble – Times of India

adminNovember 4, 202404 mins

The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. REUTERS/Florence Lo/Illustration/File Photo Chinese online shopping giants Shein and Temu have changed the face fashion ecommerce in the Europe and US. In the United…

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Kaun Banega Crorepati 16 Contestant Paritosh Bhatt makes a risky move as he answers the Rs 12,50,000 question incorrectly; takes home Rs 3,20,000 – Times of India

adminAugust 30, 202404 mins

The latest episode of Kaun Banega Crorepati 16 started with rollover contestant Srishty Sharma from Sawai Madhopur, Rajasthan. Her conversations with Amitabh Bachchan kept the audience and the host entertained throughout the episode. She managed to win Rs 6,40,000 before she decided to quit the game. After Srishty quit the game show, Amitabh Bachchan played…

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EU defers ban on Russian diamonds by six months – ET Retail

adminJune 25, 202405 mins

MUMBAI: Amid persistent lobbying by Indian diamond houses and trade biggies like DeBeers, the European Union (EU) has deferred the start of a harsher sanctions regime on Russian diamonds by six months, to March 2025. A few other relaxations, like ring-fencing old stocks, announced by the European Commission, the executive arm of the EU, would…

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How Apple may settle contactless payments inquiry with the EU – Times of India

adminJune 19, 202403 mins

Apple has reportedly reached a settlement with the European Union (EU) to avoid a hefty fine in an ongoing antitrust investigation, focused on Apple’s mobile payment system, Apple Pay. The company is said to be making a series of concessions to allow rivals greater access to its contactless technology system.Citing three people familiar with the…

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Apple has a ‘good news’ for Spotify and other music streaming apps in Europe – Times of India

adminApril 6, 202403 mins

To comply with the European Union’s (EU) mandate, Apple has announced new measures to help music streaming apps. As per the new measures, third-party music streaming companies that are listed on the Cupertino-based tech giant’s App Store and are available in the European Economic Area will be allowed to inform users of other ways to…

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France proposes EU ban on exports of used clothes – ET Retail

adminMarch 15, 202402 mins

Representative image France is proposing a European Union ban on exports of used clothes, the environment ministry told Reuters on Thursday, as governments look for new ways to tackle the worsening problem of textile waste. United Nations trade data shows the EU exported 1.4 million metric tons of used textiles in 2022, more than twice…