Google has appealed a $2.4 billion fine from the EU

Ellington Financial book value stable in August

Ellington Financial book value stable in August

The €2.4bn fine against Google for illegally exploiting its 90pc search market share led to its parent company Alphabet's profits falling by 30pc in July.

In June the EC judged that Google had given the service "an illegal advantage by abusing its dominance in general Internet search" - accusing it of promoting Google Shopping in organic search results while simultaneously demoting rival services - issuing a record-breaking €2.42 billion (~$2.73BN) fine for the antitrust violations.

Spokesperson for the commission said it will defend its decision in court.

The company has submitted plans on how it plans to stop favouring its shopping service and these are now being reviewed by Brussels.

Google is now set for a legal showdown in Brussels that could take years to resolve, and add further strain on already tense relations between the company and the EU.

Nebraska's De'Mornay Pierson-El makes insane touchdown catch vs. Oregon
The Huskers offense, though, went three-and-out and punted to OR , which took possession with 10:10 remaining until halftime. Offensively, Nebraska football averages 43.0 points and 463.0 total yards, 238.0 in passing and 225.0 in rushing per game.

Meanwhile, last week, the EU's highest court backed Intel Corp.'s (INTC) appeal of a €1.06 billion antitrust fine from 2009.

In an interview with AFP, Europe's anti-trust chief Margrethe Vestager last week said some of that proposal "pointed in the very right direction", but could only be judged once in effect.

Google has already submitted a rough draft to regulators over changes it must make by September 28 to avoid further fines, which should include giving equal treatment to rivals.

European Union judges are the ultimate arbiter of European Union antitrust regulators who've often received support for their attempts to curb large companies' behavior.

Regulators are also expected to levy fines in separate investigations into Google's Android mobile-phone software - possibly as soon as next month - and the AdSense advertising service.

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