A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
The ruling, worth around 14.3 billion Swedish crowns, is the largest damages award in a Swedish competition case, although it is lower than the 78 billion crowns originally sought.
PriceRunner, owned by Klarna, sued Google in 2022, alleging the company unfairly prioritised its own shopping comparison service in search results, harming smaller rivals and reducing their revenue.
The lawsuit followed Google's unsuccessful appeal against a €2.42 billion fine imposed by the European Commission in 2017 over similar competition breaches.
PriceRunner had sought compensation for lost profits in Britain dating back to 2008, and in Sweden and Denmark since 2013.
A Google spokesperson said the company disagreed with the decision and was considering its next legal steps.
Google said it had already made changes to its shopping advertising system following the EU ruling and argued those changes had supported competition and growth in the sector.
Klarna welcomed the ruling, although the award remains subject to appeal.
Following the decision, Alphabet shares dipped in pre-market trading in the U.S., while Klarna shares rose about 7.5%.
Afghanistan has accused Pakistan of blaming Kabul for its domestic political and security problems, as Islamabad repeated claims that militants are...
Azerbaijan Airlines (AZAL) carried 419,000 connecting passengers through Baku in the first nine months of 2026, up 29 per cent year on year, highli...
An explosion and fire have been reported at a major underground gas pipeline in Russia’s Penza region on 13 October, according to UA News, as...
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Asian stocks plunged to their lowest level in more than two months on Tuesday as advances by Chinese chipmakers rattled investor confidence in the artificial intelligence boom, despite soaring global semiconductor sales.
Artificial intelligence investment is helping sustain global growth at around 3 per cent, with Asia poised to reap major benefits. But soaring energy costs, unequal investment and growing pressure on young workers threaten to leave some economies behind.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment