EU Fines Canon $2.9 bn
Posted: Wed 19 Jul 2017, 08:17
Nothing to do with its camera division, but arising from malfeasance during Canon's takeover of Toshiba's medical unit. That $2.9 bn represents 10% of Canon's annual revenues.
Full story at Reuters - http://www.reuters.com/article/us-eu-an ... SKBN19S09J.
The EU has also recently imposed a €2.4 bn penalty on Google for promoting its own price comparison service over those from competitors. What I have yet to find out is what the EU does with these large sums of money. Combined, these two fines probably represent around 3-4% of the EU's total budget.
Full story at Reuters - http://www.reuters.com/article/us-eu-an ... SKBN19S09J.
The EU has also recently imposed a €2.4 bn penalty on Google for promoting its own price comparison service over those from competitors. What I have yet to find out is what the EU does with these large sums of money. Combined, these two fines probably represent around 3-4% of the EU's total budget.