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Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.comRegisterLUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court upheld a ruling that it broke competition rules and fined it a record 4.1 billion euros, in a move that may encourage other regulators to ratchet up pressure on …

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Google faces $25.4 billion damages claims in UK, Dutch courts over adtech practices

Register now for FREE unlimited access to Reuters.comRegisterBRUSSELS, Sept 13 (Reuters) – Alphabet unit Google (GOOGL.O) will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on behalf of …

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Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterAug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned.When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the …

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Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.”It’s real money for real people,” …

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Ex-JPMorgan traders ‘ripped off’ metals market, prosecutor says at trial

July 8 (Reuters) – Three former JPMorgan Chase & Co (JPM.N) employees worked together to scam other traders in the precious metals futures market, a U.S. prosecutor told a jury during opening statements in a closely watched criminal trial in Chicago on Friday.The bank’s former global precious metals desk head Michael Nowak, precious metals trader …

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Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trialFormer banker found guilty of qualified money launderingBank plans to appealBELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first criminal trial of …

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