FRANKFURT (Reuters) – Start small, win quick, then move on to bigger issues.
That appears to be the European Union’s strategy to pursue Google (GOOGL.O: Quote, Profile, Research, Stock Buzz) in a competition dispute by choosing to push a narrow set of charges around its shopping service, while opening another investigation of Google’s Android mobile phone software.
FRANKFURT (Reuters) – EU accusations that Google
is abusing its dominant position in web searching to favor its
own sites over rivals’ center on a controversy nearly as old as
the Web itself: do shopping comparison sites help consumers to
make better choices, or do they simply link to other sites they
Google has long held the lion’s share of the market for how
consumers search for websites in most countries. But it is
complaints by niche e-commerce players over how their shopping
sites are ranked in Google search results that form the core of
the issues on which the European Union is now set to act.
FRANKFURT (Reuters) – Apple (AAPL.O: Quote, Profile, Research, Stock Buzz) has made mobile payments look easy, after a decade of mostly failed experiments by banks, telecom operators and retailers to woo consumers away from cards and cash.
Apple Pay has taken the United States by storm since its launch in September, and the company has said it already accounts for around $2 out of every $3 spent using “contactless” payments on the three big U.S. card networks.
FRANKFURT, April 8 (Reuters) – Global Fashion Group (GFG),
formed out of five Kinnevik- and Rocket Internet-
backed online fashion start-ups active across dozens
of emerging markets, has hired the former head of Amazon
France as its new chief executive.
The newly merged company said on Wednesday it is taking 32
million euros ($34.7 million) of new financing from Tengelmann
Ventures and Verlinvest at the same 2.8 billion euro valuation
as when the five-company merger was first announced in early
FRANKFURT (Reuters) – Britain’s Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday.
Aleph Capital Partners, a UK investment firm headed by former Goldman Sachs European private equity investment chief Hugues Lepic, and Crestview Partners, a U.S. private equity firm founded by ex-Goldman colleagues, have agreed to buy a 30 percent stake in London-based Interoute.
FRANKFURT (Reuters) – Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles.
These customer service apps are part of a bid by Boots to encourage consumers to pre-order cosmetics and toiletries online, similar to calling ahead for medical prescriptions, while turning its 2,500 retail outlets into convenient pick-up points.
FRANKFURT, March 25 (Reuters) – Helpling, an online
marketplace for hiring home cleaners backed by Germany’s Rocket
Internet, said on Wednesday it had raised an
additional 43 million euros ($47 million) from a group of
top-name European investors, including Rocket.
Helpling, which offers its services in 200 cities, provides
a vetted online directory for booking cleaning services and is
aimed at young professionals who are increasingly comfortable
with researching and buying services via their mobile phones.
BOSTON/FRANKFURT, March 19 (Reuters) – New bugs in the
widely used encryption software known as OpenSSL were disclosed
on Thursday, though experts say do not pose a serious threat
like the “Heartbleed” vulnerability in the same technology that
surfaced a year ago.
“Heartbleed” triggered panic throughout the computer
industry when it was reported in April 2014. That bug forced
dozens of computers, software and networking equipment makers to
issue patches for hundreds of products, and their customers had
to scour data centers to identify vulnerable equipment.
FRANKFURT (Reuters) – A German regional court on Wednesday issued a nationwide ban on online taxi service Uber, barring it from operating commercial services and levelling stiff fines for any violations of the country’s local transport laws.
Each violation of the order against Uber and its uberPOP online service was subject to a 250,000 euro ($264,825) fine, a three-judge panel of the Frankfurt regional court ruled.
FRANKFURT, March 18 (Reuters) – Uber, the controversial
online taxi service, faced intense questioning on Wednesday
before judges in a German regional court, who said the company
violated German and European laws and setting the stage for the
court to renew a nationwide band on its uberPOP service.
The case, brought before Frankfurt’s regional court by
German taxi operator group Taxi Deutschland, is one of more than
a dozen lawsuits which have been filed in countries across
Europe in recent months against the San Francisco-based company.