(Reuters) Google has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators after a landmark 2.4-billion-euro ($2.7 billion) fine and the possibility of a second record sanction before the end of the year.
Alphabet unit Google, the world's most popular internet search engine, is drawing on the expertise of at least five top law firms in Brussels to help it deal with its EU regulatory troubles, people familiar with the matter said.
The EU competition authority hit the company with a 2.4 billion euro ($2.7 billion) penalty last month for unfairly favoring its shopping service.
Antirust regulators are also weighing a record fine against Google over its Android mobile operating system and a third case involves its AdSense for Search platform.
The Luxembourg-based General Court, Europe's second highest, will be the first battleground for Google if, as expected, it challenges the European Commission's June decision and potentially disruptive changes to its business practices.
(CMC) Three major cruise lines have decided to pullout of the Falmouth pier in northern parish of Trelawny, Jamaica due to concerns over tourist harassment, among other issues.
According to the Mayor of Falmouth , Colin Gager, the pullout of the ships- all subsidiaries of Royal Caribbean, will result in losses of approximately J$5-million per month.
He said the ships brought in close to 10,000 visitors each week.
However the Port Authority of Jamaica (PAJ) says several other cruise lines are still committed to the port.
In a statement the PAJ – that has the responsibility of managing the island’s ports – noted that although the decline in earnings for the destination is noteworthy, it says the summer season generally records an approximately 40 per cent decline in cruise arrivals, compared to the winter season. It says the 2018 summer season will not see a significant variation, when compared to 2016 and 2017.
According to the PAJ, issues of harassment and the vending of illegal products is an issue experienced globally at ports.
However, various measures will be implemented to address the problems, the include the construction of a new dry goods and food produce market, as well as the installation of directional maps across the town. It says an improvement project has also been conducted along Market Street and the Seaboard Street, while Water Square has been adopted and is being maintained.
The PAJ says it has also collaborated with other agencies, including the police and the municipal corporation to reduce harassment and the plying of illegal goods.
Meanwhile, a meeting is scheduled to be held on Monday following the departure of the cruise ships.
Chairman of the National Cruise Council, Michael Belnavis, told Radio Jamaica that the meeting will discuss strategies to tackle tourist harassment.
“The harassment is straightforward. It’s the aggressive nature in which the drivers are soliciting business from the tourists …..we want to ensure that harassment is dealt with.”
(Caribbean 360 News) CASTRIES, St Lucia, Friday July 7, 2017 – St Lucia remains a prime investment spot for the Caribbean’s leading hotel chain, Sandals International.
Not only is the Gordon ‘Butch’ Stewart-owned property preparing to construct a new mega property in another two years, but it has rolled out major upgrades to its existing properties there. And Sandals executives say there are no plans to slow down investments any time soon.
At a recent news conference, Stewart revealed that Sandals is moving full steam ahead with its plans for the chain’s fourth resort, Sandals St Lucia La Source, and will pursue major upgrades for the recently acquired 18-hole Championship St Lucia Golf Club, now called the Sandals St Lucia Golf and Country Club.
(Demerara Waves) Guyana lacks the capacity to deal with an expected huge influx of invoices from the United States (US) oil giant, ExxonMobil, is set to begin submitting in the coming months, even as industry experts on Thursday said invoices and payments by international oil companies must be examined in detail.
Finance Minister, Winston Jordan is already on record as saying that he was unaware that ExxonMobil was about to dispatch invoices to Guyana as the country prepares to begin commercial oil production in 2020.
Based on the production sharing agreement, ExxonMobil is entitled to 75 percent to recover the cost of investment and the remaining 25 percent of profit oil will be split in half between the company and Guyana.
American attorney-at-law, Vicky McPherson, cited the need for governments to hire lawyers who are experts in the oil and gas sector, she said one of the options could be to ask the international oil company to pay the lawyers.
ATHENS, Greece (AP) -- Europe's bailout fund has approved the payment of 8.5 billion euros ($9.6 billion) in rescue loans to Greece, a long-delayed installment under the country's third international bailout.
Friday's approval by the European Stability Mechanism was the final formality before the funds can be released to the debt-laden country. The first disbursement of 7.7 billion euros is to be made Monday, with 6.9 billion earmarked for servicing debts and the remainder for clearing arrears, the fund said.
Greece reached a deal with international lenders last month on implementing more austerity measures, including tax hikes and pension cuts, in return for the installment.
The disbursement of the remainder will come after Sept. 1 if Greece "makes significant progress" in clearing arrears using its own resources as well as bailout funds.