Latest News
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.
Latest News
Saudi Foreign Minister in Washington for Talks with Rubio
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Washington on Monday for talks with US Secretary of State Marco Rubio, the Saudi state news agency said, amid escalating hostilities between Riyadh and Yemen’s Houthis.
The two will discuss bilateral ties as well as key regional and international developments, the agency added.
Saudi Crown Prince Mohammed bin Salman sought US military help this month against the Iran-backed Houthis, but Washington declined to launch strikes, though it agreed to supply intelligence and targeting support, sources had told Reuters.
Latest News
Pakistan reach semi-final as rain washes out Hong Kong match at Asian Games 2026
— Rain forced the abandonment of the 2026 Asian Games quarter-final tie between Pakistan and Hong Kong and Team Green advanced to the semi-finals based on their higher world rating.
The first quarter-final was intended to be played at Korogi Sports Park in Nisshin, Japan but the weather conditions meant that even the toss couldn’t take place.
But the rain continued and the match was abandoned by officials, so neither side had a chance to battle for a place in the last four.
Pakistan advanced to the semi-finals on account of a superior world ranking following the withdrawal. Now the national team will focus on the semi-final where it will race for a spot in the final.
The washout meant Pakistan moved on without playing the quarter-final while Hong Kong’s campaign ended with the match not being played.
Business
Food costs go up across Pakistan, making vegetables, meat and bread expensive
Consumers across Pakistan are facing higher food prices as the cost of vegetables, fruits, meat and flour has increased in several major cities, adding to pressure on household budgets.
In Lahore, vegetable prices remained above officially notified rates, with consumers complaining that market prices were higher despite government price lists. Onions, for instance, were officially priced at Rs195 per kilogram but were being sold for around Rs200 per kg in the market.
Tomatoes had an official rate of Rs150 per kg, while capsicum was being sold at Rs280, bitter gourd at Rs220 and cauliflower at Rs180 per kg, according to the reported market prices.
The situation was also reported in Faisalabad, where meat prices were significantly higher than the notified rates. Beef was being sold for around Rs1,500 per kg, compared with an official rate of Rs1,150.
Mutton prices saw an even larger difference, reaching approximately Rs3,000 per kg in the market against the notified price of Rs2,100 per kg.
The increase in meat prices has added to the financial burden on consumers, particularly households that have already been dealing with higher prices of essential food items.
In Peshawar, the price of flour also increased. The price of a 20-kilogram bag of fine flour reportedly rose by Rs100 to Rs3,150.
Consumers in Quetta also faced higher vegetable prices. Tomatoes reportedly became Rs40 per kg more expensive, while onion prices increased by Rs20 per kg. Okra prices rose by Rs30 per kg, while peas became Rs50 per kg more expensive.
The latest increases have renewed concerns among consumers about the gap between officially notified prices and actual retail market rates.
Official price lists are generally issued by district administrations and relevant authorities to regulate the prices of essential commodities. However, enforcement remains a challenge when retailers sell goods above notified rates.
For consumers, food inflation has a direct impact on household expenditure because vegetables, flour and meat form a significant part of daily food consumption. Higher prices can force families to reduce purchases, switch to cheaper alternatives or allocate a larger share of their income to food.
The price differences reported in different cities also reflect the varying supply and demand conditions in local markets. Transportation costs, availability of produce, seasonal changes and wholesale market prices can influence retail rates.
Authorities routinely conduct inspections and impose fines against retailers accused of overcharging, but consumers frequently complain that official rates are not consistently reflected in markets.
The latest rise in food prices comes as households continue to closely monitor the cost of essential commodities. Any sustained increase in food prices could further increase pressure on family budgets and household purchasing power.
Market conditions and government enforcement measures will determine whether the current price increases ease in the coming days.
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