top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Technology

7 Oct 2021

Google Rivals want EU Lawmakers to Act about the New Tech Rules

The Index Today

On Thursday, DuckDuckGo and three other search engine rivals to Google prompted the EU lawmakers to take action against the Alphabet Company about the new tech rules, saying they have not yet seen positive results from an antitrust ruling against Google.

The European Commission in 2018 imposed a record $5 billion fine on Google for unfairly using Android to bond the dominance of its search engine and ordered it to ensure a level playing field for rivals.

Google subsequently made changes and four months ago said it would let rivals compete for free to be the default search engines on Android devices in Europe.

U.S. search engine DuckDuckGo, Germany's Ecosia and French peers Qwant and Lilo said lawmakers should use tech rules drafted by EU antitrust chief Margrethe Vestager called the Digital Markets Act (DMA) to ensure competition.

According to a joint letter to European Parliament lawmakers, "Despite recent changes, we do not believe it will move market share significantly due to its persisting limitations."

They said a preference menu that let users choose their search default when setting up an Android device is not available on Chrome desktop or on other operating systems, and that it is only shown once to users.

They added that "The DMA should enshrine in law a requirement for a search engine preference menu that would effectively ban Google from acquiring default search access points of the operating systems and the browsers of gatekeepers."

Clay pottery with table linens
bottom of page