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Google rivals queue up for damages following record $1 billion fine
Europe’s years-long crackdown on Google’s business practices is moving into a costly new phase, with the loss of the first case against it under new EU rules paving the way for a wave of private lawsuits seeking up to $10 billion in damages.
Alphabet’s search powerhouse, which has already swallowed billions of euros in EU fines since 2017, is also facing lawsuits from smaller rivals across Europe, according to half a dozen lawyers and litigation funders, and a tally of cases filed in half a dozen nations.
This followed a $1 billion fine – the first imposed under the Digital Markets Act – for favouring its own services and blocking app developers from guiding customers to cheaper alternatives outside its app store, Google Play.
That judgment of persistent misconduct could encourage more parties to sue, lawyers believe. ‘This will lead to a new wave of lawsuits, I suspect,’ said Thomas Hoppner, a partner at Geradin Partners who advised German price comparison platform Idealo for market abuse.
Germany’s largest ever fine for an antitrust violation, a Berlin court ordered Idealo to pay €465 million ($528.9 million) in damages in November.
Under Article 102, specialised search businesses “may seek damages, possibly not only for the DMA period but also for the years before the DMA breaches,” noted Hoppner, referring to older EU legislation that prohibits enterprises from exploiting a dominating market position.
“The claims are without merit,” Google said.“A Google spokesperson said, ‘We strongly oppose these lawsuits, brought by companies seeking a payout instead of investing in their own products.’
SHOPPING AROUND
The damages claims come as Google has gone on an AI investment spree that has left it burning cash, with Alphabet’s free cash flow becoming negative in the second quarter for the first time as a public business.
They come on top of €10.4 billion EU-led sanctions on Google over the past decade as authorities crack down on Big Tech. The private cases are at various levels, with more in the works and yet to be filed, lawyers and litigation financing businesses said.
When Google began promoting its own comparison shopping service in search results in 2008, traffic to other price comparison sites dropped and complaints were filed, resulting in an EU investigation that led to a €2.42 billion fine in 2017.
Google appealed the decision, but lost in Europe’s top court last year.
Britain’s Foundem pressed its claim from the beginning. In 2022, PriceRunner in Sweden, financed by Klarn, filed a multibillion-dollar claim after Google’s appeal was thrown out.
UK price comparison business Kelkoo, which is seeking billions of pounds from Google in multiple damages claims following the EU judgment against Google’s shopping service, claimed the additional EU penalty could strengthen continuing claims.“This will have some impact from the DMA decision because it proves that Google is still self-referencing even now,” said Kelkoo CEO Richard Stables to Reuters, adding that the DMA decision offered other companies greater space to suit.
This was repeated by Matej Pardo, chief operating officer at litigation financing business LitFin, which is sponsoring two parties suing Google in Amsterdam over its shopping auctions, demanding over $1 billion combined.“There are a lot of these claims being filed now, and probably more that are (being) prepared,” he said.
Price comparison website Trovaprezzi.it’s parent company Moltiply Group is looking to raise €2.97 billion.
Business
More than 700 trucks loaded with relief supplies have crossed into Afghanistan from Pakistan.
The United Nations said Sunday that more than 700 trucks delivering international humanitarian aid reached Afghanistan via Pakistan, despite a near-total shutdown of the land border between the two countries during skirmishes in October.
The convoy was transporting “food and other critical humanitarian items,” Olga Cherevko, spokesperson for the UN Office for the Coordination of Humanitarian Affairs (OCHA) in Afghanistan, told AFP.
“724 trucks of humanitarian cargo have crossed into Afghanistan thru Torkham, reaching families who need it most,” tweeted Mo Yahya, the United Nations Resident & Humanitarian Coordinator for Pakistan.
He also thanked Islamabad and “all those who made it possible for us to maintain the humanitarian lifeline”.
But in early August, the World Food Program (WFP) warned that acute child malnutrition had risen to crisis levels in Afghanistan this year.
WFP said approximately 14 million Afghans are facing acute hunger, following deadly earthquakes last year, several climate-related calamities this year and the return of millions of Afghans from Iran and Pakistan since 2023.
The conflict with Pakistan has caused the near-total closure of the land border between the two countries since October 2025, significantly disrupting logistical routes for the delivery of humanitarian aid, WFP Deputy Executive Director Carl Skau told AFP in May.
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Goods transporters cease 40-day national strike after discussions with goverment
Goods transporters have announced that they will defer their nationwide strike for 40 days following negotiations with government representatives in Karachi.
The talks were held at the Governor House in Karachi and were attended by Sindh Governor Nihal Hashmi, Karachi Mayor Murtaza Wahab, Federal Minister for Communications Abdul Aleem Khan and All Pakistan Goods Transporters Association President Malik Shahzad.
Addressing a press conference after the negotiations, Malik Shahzad said the transporters had decided to defer the strike following government assurances.
He said the nationwide strike had continued for nine days and the Sindh government had assured them that the parking issue would be resolved.
He added that the government had sought 15 days to determine whether petroleum prices would be reviewed every 15 days or once a month.
According to Malik Shahzad, Abdul Aleem Khan also assured the transporters that a committee would be formed to review toll taxes and consider reducing them.
He said the government had also assured them that 10-wheelers would be allowed to carry an appropriate weight.
“Some of our issues have been resolved by the federal and provincial governments, while others require cabinet approval,” he said, adding that assurances had also been given to address those matters.
Read also: Govt, goods transporters meet today as strike enters eighth day
He said meetings of the relevant committees would continue and expressed hope that the government would honour its commitments.
“We are not ending the strike; we are deferring it. If the assurances are not implemented, we may resume our protest,” Malik Shahzad said.
Federal Communications Minister Abdul Aleem Khan said the government had addressed the transporters’ issues that could be resolved immediately, while some demands required formal procedures.
He said several committees had been constituted to complete the necessary process.
Aleem Khan also said the Karachi-Hyderabad road did not qualify as a motorway in its current condition. He announced that work on a new motorway from Sukkur to Hyderabad and Karachi would begin this year.
Sindh Governor Nihal Hashmi said the regional situation was unusual and that the economic impact of ongoing conflicts was being felt not only in Pakistan but around the world.
He said the prime minister and field marshal were working to ensure that the positive outcomes of their efforts reached the public.
Hashmi added that the government and transporters had listened to each other and agreed that both sides were ready to make every possible sacrifice for the country.
Karachi Mayor Murtaza Wahab said the authorities had spent the day working to resolve the issues. He assured that the Sindh government would address matters falling within its jurisdiction and said efforts would continue to resolve the problems through dialogue.
Business
SBP: Federal government debt swells by Rs18.8tr in 28 months
In the first 28 months of the current period, federal government debt soared by Rs18,832 billion, with considerable increases in both domestic and external borrowing, documents of the State Bank of Pakistan stated.
The documents revealed that the overseas debt of the federal government climbed by Rs2,066 billion and its internal debt by Rs16,766 billion from March 2024 to June 2026. The surge means an average daily increase in debt of more than Rs22.40 billion.
The data showed that the federal government’s debt stood at Rs64,810 billion by February 2024, the last month of the caretaker government. The government’s total debt increased by Rs18,832 billion to Rs83,642 billion by June 2026 over the next 28 months.
According to the State Bank, the federal government’s internal debt stood at Rs42,675 billion in February 2024, which climbed to Rs59,441 billion by June 2026.
Similarly, the external debt of the federal government was Rs22,134 billion in February 2024, which increased to Rs24,201 billion in June 2026.
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