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Airbus Defense and Space Chief Executive Dirk Hoke told Reuters his company looked forward to moving forward on the program after the demise of the predecessor Eurohawk. “That is an important project for us,” Hoke said, adding that funding Pegasus would help preserve key signals intelligence capabilities in Europe, which would also play a role in a future Franco-German fighter jet program. Chappel said the groundwork for a successful contract had been laid on both sides, and all the parties involved were closely aligned to get the deal done. Now the challenge was working through the contracting process.
BRUSSELS (Reuters) - Google (GOOGL.O) is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed, The European Commission’s decision, delayed by a white pave crystal cufflinks week by U.S, President Donald Trump’s visit to a NATO summit in Brussels last week, is expected on Wednesday, It comes just over a year after the Commission slapped a landmark 2.4-billion-euro ($2.8 billion) penalty on Google, a unit of Alphabet Inc, for favoring its shopping service over those of competitors..
The EU penalty is likely to exceed the 2017 fine because of the broader scope of the Android case, sources familiar with the matter have told Reuters. The EU sanction comes in the midst of a trade conflict between the United States and the EU, which has hit back against U.S. tariffs on European steel and aluminum by targeting $3.2 billion in American exports with higher duties. European Commission President Jean-Claude Juncker will meet Trump in Washington D.C. on the trade issue next week. The Android decision is the most important of a trio of antitrust cases against Google. With the company able to make its ads show up in more smartphone apps than any other tech rival, Google’s app network has quietly become a huge growth engine.
The company’s high payouts to app developers, coupled with its entrenched relationship with millions of white pave crystal cufflinks advertisers, has turned Google into the main revenue source for many apps, Its Play Store accounts for more than 90 percent of apps downloaded on Android devices in Europe, Its popularity in turn could mean an uphill battle for EU antitrust regulators seeking to level the playing field for Google’s rivals by ensuring that users can download from competing app stores and that smartphone makers are free to choose pre-installed apps..
Regulators say Google has tilted the field in its favor by forcing smartphone makers to pre-install Google Search together with its Play Store and Chrome browser, sign agreements not to sell devices on rival Android systems and also pay smartphone makers to only pre-install Google Search on devices. Google has denied the charges, saying that bundling search with its Google Play allows it to offer the entire package for free, and that smartphone makers and users have a wide choice. Regulatory action is probably too late because of Google’s entrenched position, said analyst Richard Windsor at research company Radio Free Mobile.
“Users in the EU are now completely accustomed to using Google services and have come to prefer them,” he said, “Hence, I think separating Google Play from the white pave crystal cufflinks rest of Google’s Digital Life services would have very little impact as users would simply download and install them from the store,” Windsor said, The Android case was triggered by a 2013 complaint by lobbying group FairSearch whose members at the time included competitors such as Oracle (ORCL.N), Nokia (NOKIA.HE) and Microsoft (MSFT.O)..
NEW YORK (Reuters) - BlackRock Inc (BLK.N), the world’s biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped. The company wrestled with difficult market trends during the quarter, including an industrywide slowdown in the demand for its hottest product, exchange-traded funds (ETFs) that track markets. BlackRock’s iShares-branded ETFs took in $17.8 billion during the quarter, down from $34.6 billion in the first quarter. The company also cut fees on some ETFs to increase its market share.
“Broadly, we’ve seen a weakness in flows this past quarter driven by investor de-risking and less investor risk appetite in the marketplace,” said Morgan Stanley analyst Michael Cyprys, Cyprys said the company’s growth is “going to have ups and downs, and white pave crystal cufflinks this is one of the downs,” but added that investors “have an opportunity to buy in on the weakness.”, BlackRock stock traded down as much as 1.8 percent before rebounding to trade down 0.2 percent..