A Russian court has fined Alphabet’s Google 4 billion roubles ($47 million) for failing to pay an earlier fine over alleged abuse of its dominant position in the video hosting market, the country’s anti-monopoly watchdog said on Tuesday. Google was fined 2 billion roubles in February 2022. The Federal Antimonopoly Service (FAS) at the time…
Red Bull Fined $7 Million for Overspending F1 Cost Cap
MEXICO CITY—Fancy catering and energy drinks. Social security contributions and medical treatments for an employee that survived their illness. Those are some of the expenditures Red Bull claimed Friday it improperly misrepresented when submitting its 2021 financial report. It led to a breach of Formula One’s spending cap, set at $145 million for its debut…
Suns Owner Banned for One Year, Fined $10 Million Over Workplace Conduct
Phoenix Suns owner Robert Sarver was suspended for one year and fined $10 million by the National Basketball Association (NBA) on Tuesday following an independent investigation into allegations over workplace misconduct. The investigation found that Sarver, who bought the Suns and WNBA’s Phoenix Mercury in 2004, engaged in inequitable conduct toward female employees, including “sex-related…
Zverev Fined $40,000, Loses Prize Money, Points for Outburst
ACAPULCO, Mexico—Tokyo Olympics gold medalist Alexander Zverev was fined $40,000 by the men’s professional tennis tour and will forfeit more than $30,000 in prize money and all rankings points from the Mexican Open after hitting the chair umpire’s stand with his racket following a loss in doubles. In addition to those penalties, the ATP announced…
Dutch Consumer Watchdog Gives Apple Fifth $5.7 Million Fine in App Store Dispute
AMSTERDAM—The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, the fifth such penalty in successive weeks in a row over access to non-Apple payment methods for subscriptions to dating apps. The Authority for Consumers and Markets (ACM) says the iPhone maker is abusing a dominant market position by failing to allow…
Credit Suisse Is Fined $9 Million in US Over Research Conflicts, Customer Safeguards
A U.S. regulator on Thursday fined a unit of Credit Suisse Group AG $9 million for violating multiple laws and rules protecting investors, including ones involving potential conflicts of interest and the safeguarding of customer funds. The Financial Industry Regulatory Authority said the Swiss bank published more than 20,000 research reports between 2006 and 2017…
BC Company Fined $75,000 for Importing Fins of Protected Sharks
VANCOUVER—The federal government says an herbal medicine company has pleaded guilty in provincial court in Vancouver to a charge of unlawfully importing a protected shark species without a permit. Environment and Climate Change Canada says in a news release that Hang Hing Herbal Medicine Ltd. was fined $75,000 for importing an endangered species without a…
HSBC Fined Almost £64M Over Money Laundering Failures
The UK’s financial watchdog has hit banking giant HSBC with a £63.9 million fine for failings in its anti-money laundering processes. The Financial Conduct Authority (FCA) issued the punishment after finding “serious weaknesses” across HSBC’s automated systems used to monitor hundreds of millions of transactions a month to identify possible criminal activity. It highlighted three…
China Fines Social Media Firm Douban for ‘Unlawful’ Release of Information
BEIJING—The Cyberspace Administration of China (CAC) said on Thursday it had summoned and fined social media company Douban over unlawful release of information, as Beijing steps up efforts to control and “clean up” the internet space. The internet watchdog said in a statement that Beijing authorities fined Douban’s operating entity 1.5 million yuan ($235,000) and…
Northern Territory Man Fined after Self-Injecting COVID-19 Vaccine
A man who went to get a COVID-19 vaccine pushed a medical staffer’s hand away and injected himself with the vaccine. He has since been fined for disorderly behaviour, NT News reported. According to NT Police Commissioner Jamie Chalker, on Tuesday morning, a man who had gone to receive his COVID-19 vaccine in Coolalinga, 29…
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