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Lufthansa back in private hands as govt sells rescue stake
Lufthansa back in private hands as govt sells rescue stake
Business and Economy
by  AFP

Lufthansa said Wednesday the German state had sold the stake it took in the airline as part of a rescue package at the peak of the Covid pandemic, and booked a healthy profit in the process. To save Lufthansa from bankruptcy, the German government took a 20-percent stake in the group under a nine-billion-euro (dollar) state aid package.

Europe's battle with Big Tech: billions in fines and tough laws
Europe's battle with Big Tech: billions in fines and tough laws
Business and Economy
by  AFP

The European Union is on a mission to rein in US tech giants, which have been accused of tax avoidance, stifling competition, raking in billions from news without paying for it and spreading misinformation. - Paying for news – Google and other online platforms are also accused of making billions from news without sharing the revenue with those who gather it.

Google loses appeal against record EU antitrust fine
Google loses appeal against record EU antitrust fine
Business and Economy
by  AFP

The European Union's second-highest court on Wednesday overwhelmingly upheld the EU's record fine against Google over its Android operating system for mobile phones, slightly reducing the fee for technical reasons. Both sides can turn to the EU's highest court, the European Court of Justice, for a final say on the fine, which was the equivalent of $5 billion when levied.