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The sale of passports to the super wealthy gives free reign to mobsters and money launderers, Europe warns
Some 20 EU countries, including the UK, Portugal and Spain, offer some level of residency to wealthy non-citizens in return for large investments.
The move highlights that protectionism is spreading and Donald Trump's trade war with China is entrenching itself into the global economy.
The path is no set for the opening of the EU's so-called Excessive Deficit Procedure — which has the power to fine countries within the Eurozone.
Nightmarish fragmentation and expensive phones: Here’s how Google’s big Android changes could play out
Google's alterations to Android are yet to play out but, depending on what phone makers like Samsung decide to do, it could lead to higher phone prices inside Europe and worsen the operating system's fragmentation problems.
Google was fined €4.3 billion ($5 billion) in July by the EU antitrust watchdog over its Android monopoly. The EU gave Google 90 days to get its house in order or else face fines of over $15 million for each day it fails to comply. Google is now implementing changes to comply with the decision.
Google has submitted an appeal to the EU refuting the €4.3 billion ($5 billion) fine it received for abusing the dominance of its Android operating system. Google is following through on its promise to appeal when the fine was imposed in July.
Britain and the EU are currently discussing a new relationship for financial services, most likely based around the principle of equivalence.
This chart shows how dominant Google is in Europe and the UK: About 9 out of every 10 consumers there use Google’s search engine
Google was fined by the European watchdog commission for a record $5 billion in violation of antitrust laws, after a 2016 investigation led to the conclusion that Google had abused Android's dominance of the smartphone market in favor of its search engine and Chrome browser.
Google is accused of forcing smartphone makers to preinstall its services, such as Google Search, on Android. The timing couldn't be worse for Google given the growing global appetite to break up big tech.
Google is staring down the barrel of another massive fine and a crackdown that could rip the company apart
Google is braced for its own Microsoft moment. The search giant may be hit with another massive fine from the European Union in an antitrust case that involves its popular Android operating system.