the e.u. want google to cough up four point three billion euros it's the biggest fine it's ever issued in an antitrust case so what's a done wrong we got all the details also coming up on this and calls them a fulfillment centers but the stuff of feeling anything but fulfilled another day of strikes here in germany. i'm done the winter this is your business update is the highest ever penalty imposed for breaching the trust rules the european commission handing google a multi billion euro fine for abusing its dominant market position with the mobile operating system android four point three billion euros that's the record fine google is facing off to e.u. regulators find it in breach of trust rule of the charges relate to google's

android operating system used by phone makers including samsung and huawei e.u. officials say forcing manufacturers to preinstall apps like you tube and google maps in exchange for enabling the download of other android run ups and months to unfair competition google maintains its within its rights to set preconditions for the use of its services competition authorities reject that argument again using the company of marginalizing its rivals. in this way google has used android as a vehicle to cement its thumb and ends as a search engine. these practices they have denied rivals a chance to innovate and to compete on the merits they have denied european consumers the benefit of effective competition in this very important what was fair . the ruling comes

a year after each trust regulators find google two point four billion euros for unfairly favoring its own shopping service google won't have trouble finding the cash to pay its fine the company reportedly hold several tens of billions of euros in cash reserves but being forced to change its business model could hurt the company more if phone makers are no longer forced to pre-install employed google of ad revenue could be his heart the internet giant says it will appeal the fine. and thence culture is on wall street what's been the reaction to the google find in the us. five million billion dollars that's the amount in dollar terms that is a lot of money but it is not life threatening to google it accounts for about forty percent of google's profit in the past a year but what really is said stake is that google is the enjoyed operating system

controlled eighty percent of global smartphones and google is a data machine was there google chrome is on all of those smartphones with the search engines they collect a vast amount of data and they can use those data again for advertising so if the european union union could force it to google it to change those practices then it really would become problematic for google but always wall street obviously is not quite convinced that this is eventually good really going to happen because the stock of google or the mother company alphabet didn't really move that much here in the winter session ok so investors are a bit skeptical it seems moving on u.s. the u.s. car industry is pushing back against import tariffs were they the ones in the car industry that trump wanted to protect. well but then again the us president also wanted to protect steel and aluminum makers and events on the other side increases costs for the car industry not just the car makers but also also plyers car dealers

they actually are out with open letters here on wednesday and on thursday in some us of publications to actually make a case that those tariffs are or if they come that will be hurtful to the u.s. or car industry it will increase prices and eventually even leads to job losses one of the complaints from the u.s. is that for example people in germany or japan do not buy enough cars if that's what we're really change if let's say we've put tariffs on zero remains to be seen but quite obviously the car industry not happy with the trade policy of the current administration ok perhaps those types are back firing their gens quarter in wall street thank you very much well we heard from metals judi's from yemen's the e.u. has just begun levy in tariffs on some steel imports they follow donald trump's imposition of steel and the minium tariffs on u.s.

imports there's a glut of steel on markets in the chinese overproduction the e.u. fears trumps tariffs could lead to metals originally bound for the u.s. being diverted to the e.u. to prevent that brussels imposing twenty five percent tariffs though not on all imports and even levies will only apply to steal in excess of the normal impulse. amazon's day of deep discount deals known as prime day has once again set the online retailer sales to new records as despite technical glitches and strikes across warehouses in europe workers walked out to demand better conditions and not for the first time. in europe amazon workers have long clamored for change their complaints range from inadequate wages an unhealthy working environment stringent efficiency quotas and penalties for taking sick or pregnancy leaves thousands have walked off the job again starting in spain last week with industrial

action moving to italy france england germany and poland and some are still protesting today the strikes have become increasingly common for amazon in recent years i'll be a quid seemingly little effect on the bottom line. that e-commerce sales have risen steadily at amazon for more than seventy four billion to reach close to one hundred seventy eight billion dollars in just five years. being founder jeff bezos his personal fortune has obviously grown as well earlier this week the bloomberg billionaires index the end of the richest man in modern history with more than one hundred fifty billion dollars to his name and it's money he's going to keep needing as he sets his sights skyward blue origin his private space exploration company is racing to get space tourists on their way here on earth however quite a few amazon workers have a different idea of where investment should go. and amazon won't because i'm not

the only ones unhappy with their working conditions ryanair is set to council six hundred flights next week due to cabin crew strikes in spain portugal and belgium the low cost airline says it will disrupt travel plans for around one hundred thousand passengers bryanna says it has offered affected travelers refunds re bookings and accommodation where appropriate the employees of the mamby better pay working conditions. tough times for greece's economy put huge pressure on small businesses after years of crisis many firms collapsed want traditional family one company found a way to both survive and thrive ringing up plenty of new orders quite literally. the gallon oculus family has been making bells for over two hundred years the last remaining bell making business in greece is run by christensen thomas now in their

fifty's when the financial crisis struck the two brothers refused to give up a trade that their forefathers began in the eighteen hundreds. making bells is labor intensive and time consuming and then output plunged by sixty percent in the wake of the financial crisis alongside a fall in church donations but the brothers refused to shut down instead they focused on exporting their bespoke chimes. there's a moral satisfaction that comes with continuing something your grandfather did your great grandfather your great great grandfather it's quite significant you know. now more than half the gallon of production is ringing out in countries like australia africa and the us. christofferson thomas sons will continue the business much to the relief of their fathers who feared it would end with them. there was no

way i was going to let all my fathers and uncles efforts in building all of this be lost and secondly as a trader i love it i like it i find it enjoyable. that will be music to the ears of the local priest who swears by gallon of the law spells he likens them to the call of god i. bring in my ears now the threats of robots rising up and taking over could very well be a valid one but if they're going to look like this guy then we won't have much to worry about robots like these are being used as dr list a livery vehicles may seem like science fiction but in china they're already up and running. this may look like a washing machine on wheels but it's inventors a zen robotics call it their little yellow horse triangles along beijing sidewalks of three kilometers an hour making deliveries for

a supermarket chain. the robot takes advantage of the chinese love of cashless payments and smartphone shopping. china is the biggest online market in the world. of all chinese consumers make at least one smartphone purchase a month the huge delivery demand could soon eclipse the number of available human couriers. hundred million packages a day are delivered in china in future it'll be a billion there won't be enough humans to make the deliveries we need more robots to fill the gap. the little yellow horse is equipped with g.p.s. sensors and cameras and travels up to five kilometers it can't however climb stairs . it's weaknesses that it can't deliver directly to the door like a human but it's still quite practical the robot delivers relatively quickly so you could be in a. similar robots exist in the us and germany so the last stretch of road to the

consumer could likely be covered mostly by robots in future. as long as they don't invent robot news readers that's what i say that wraps up your business for today don't forget to check us out on social media as well. same time same place. the by . the by

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