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Trump says EU’s $5 billion fine on Google is proof the US is being taken advantage of

“On Wednesday, Margrethe Vestager, the EU’s commissioner for competition, told CNBC’s “Squawk on the Street” that the decision would protect European consumers” writes Ariel Shapiro for cnbc.com. President Donald Trump said Thursday that the European Union’s antitrust ruling against Google is proof that it is taking “advantage of the U.S.” On Wednesday, the EU hit Google with a $5 billion fine, alleging the company had violated antitrust laws by bundling its apps like Chrome and Google Play with its Android operating system. Google’s CEO, Sundar Pichai, said in a statement…

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Google does it best, and the EU ruling won’t change that

“The cold reality for the EU is that most Android users prefer Google search, Google apps, and the Google ecosystem” writes Tristan Rayner for androidauthority.com. However, the overall demands won’t change Android as we know it, even if  Google can’t successfully appeal the ruling.An appeal also almost certainly means Google won’t have to pay the fine or change Android until a final decision is reached. Source: androidauthority.com Share This:

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Google’s CEO says the EU’s record $5 billion antitrust ruling could ‘upset the balance’ of Android and be a huge win for Apple

“The Google CEO said the EU’s decision ignores the fact that Android has to compete with Apple, and the choice the mobile operating system offers billions of consumers around the world” writes Jake Kanter for businessinsider.com. In a blog post, published soon after the EU punished Google for abusing the dominance of Android, Pichai laid out the reasons why the company will be appealing the decision.He said the decision made by Margrethe Vestager, the European Commission’s competition commissioner, risks upending the Android model. Source: businessinsider.com Share This:

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News Regulators 

A big regional bank is set to be freed from Fed oversight

“Zions, a Salt Lake City-based regional bank, is set to be freed from oversight by the Federal Reserve, thanks to a decision announced Wednesday by federal regulators” writes Alex Brandon for washingtonexaminer.com. CEO Harris Simmons said that the council’s decision would allow the bank to better serve its customers.With $65 billion in assets and business across western states, Zions is the kind and size of regional bank that also recently won regulatory relief in bipartisan legislation President Trump.The council’s decision, which still has to be finalized, means that the the…

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EBay earnings: Supreme Court sales tax decision is just one of a few headwinds

“Ebay Inc. is scheduled to report second-quarter earnings on Wednesday after the closing bell with the online retailer facing a number of headwinds, including the recent Supreme Court decision in South Dakota vs” writes Tonya Garcia for marketwatch.com. The Supreme Court ruled in June that states can collect sales tax from e-commerce retailers even if the vendor doesn’t have a physical presence in the state.EBay met earnings expectations last quarter and exceeded them each quarter before that since the third quarter of 2013.EBay missed the FactSet revenue estimate last quarter,…

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AirAsia’s Fernandes undecided on plane order, no plans to attend Farnborough

“We definitely need more planes,” Fernandes told a news conference late on Tuesday, when asked if any decision had been taken on AirAsia’s plane orders” writes Midwest Communications Inc for 95kqds.com. Delegates say Airbus needs a marketing lift for its A330neo and would relish bringing Fernandes to the widely publicized Farnborough Airshow to reconfirm and expand his order.Fernandes said this month that AirAsia’s long-haul affiliate AirAsia X needed to ensure the price, performance and engines of the A330neo were right before confirming its 66-jet order.AirAsia X is Airbus’ biggest customer…

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Together against Trump and his dangerous policies

“Trump is only revealing the true and transparent face of the colonial domination, which is at the heart of Western policies” reports tehrantimes.com. These rash policy decisions by Washington did not come from vacuum and most certainly didn’t begin when Trump was voted into office in 2016.America’s interventionist foreign policy, hegemonic ambitions, anti-immigrant policies, blatant war mongering and saber-rattling is no secret.Holding placards and chanting slogans, the protestors called Donald Trump a “complete idiot” who does not understand how the world works.Now, Trump is engaged in an ugly trade war…

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Democrats ask Trump to backpedal decision on Obamacare risk adjustment program

“The Trump administration should reverse its decision to stop an Obamacare program that collects and pays out billions of dollars to health insurance companies, a group of Democrats said Monday” writes Ap Photo Carolyn for washingtonexaminer.com. The Trump administration announced July 7 that it was putting them on hold.Without the funds, certain health insurers that have healthier customers will have higher profits, while those with sicker customers are expected to amass losses.Democrats asked Azar and Verma to explain their decision behind suspending the payments, saying that it appeared to be…

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Senior management to be responsible for processes based on big data and AI, German regulator says

“In contrast, explainability describes being able to list the major factors of influence for a concrete individual decision” reports financefeeds.com. BaFin insists that senior management remains responsible for BDAI-based processes and decisions.BaFin agrees that BDAI will create additional opportunities for automating standard market processes – from chatbots to liquidity management.Examples include the applications of automation for the lending business at banks or for claims management at insurance companies. Source: financefeeds.com Share This:

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Exclusive: Brazil to delay auction for five of six Eletrobras distributors

“Centrais Eletricas Brasileiras, as Eletrobras is formally called, is seeking to offload the six heavily indebted distributors ahead of government plans to privatize the overall company” writes Midwest Communications Inc for 95kqds.com. MADRID (Reuters) – Brazil’s government will go ahead with the auction of one of state-owned utility Eletrobras’ power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday.The lower house of Congress gave its approval earlier this month to privatize the distributors, but the Senate has yet to…

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