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%.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last m...
What began as a fan-created chant just months ago has become one of the defining images of this year's FIFA World Cup, with Norway's "Viking Row" swee...
Russia’s fuel shortages are spreading into Central Asia, exposing the region’s heavy reliance on Russian petrol and diesel as governments race to ...
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
What began as a fan-created chant just months ago has become one of the defining images of this year's FIFA World Cup, with Norway's "Viking Row" sweeping through stadiums, city streets and social media.
AnewZ's Daybreak on 10 July covered mounting tensions in the Middle East, political developments in the UK, and major stories from the South Caucasus and Central Asia, alongside key international news.
Ukraine is facing one of the most difficult moments of the war, as a convergence of corruption scandals, political turbulence, financial uncertainty and intensifying Russian offensives places unprecedented strain on the country’s ability to defend itself.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
The death toll from Venezuela's twin earthquakes has risen to 3,811, according to figures released by National Assembly President Jorge Rodriguez on Wednesday.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuwait and Bahrain in the latest escalation to derail efforts to end the war.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment