Google will most likely be hit with a record fine from the EU today. This is set to be focused around its Android operating system violating European antitrust laws. Part of a wider anti-trust lawsuit, the EU claims Google has “abused its dominant position by imposing restrictions on Android device manufacturers and mobile network operators.” The decision from Brussels is expected around midday today and the EU regulatory body is able to fine Google up to 10 percent of its annual revenue. According to Statista, Alphabet – Google’s parent company – earned around $111 billion in 2017, so this could make the fine… This story continues at The Next WebOr just read more coverage about: Google
We speak to Malaysian founders and CEOs about the realities of turning passions to businesses, their advice, and their opinions.
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(July 17): Malaysia is inching closer to regaining its lead over Singapore’s economy, after trailing for a third straight year. The nation’s gross domestic product was US$314.5 billion in 2017, about US$9.4 billion less than Singapore’s US$323.9 billion, according to data from the World Bank.
That deficit is set to shrink to just over US$2 billion next year, as forecasts see Malaysia’s economy expanding by about 5.5% in 2018, versus a 3.1% increase in Singapore, according to median estimates of economists surveyed by Bloomberg.