Finance

Google hit with $1 billion EU fine, first under landmark rules

By Foo Yun Chee BRUSSELS, July 23 (Reuters) - Alphabet's Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said. However, the U.S. tech giant is likely to avoid fresh fines as EU regulators lauded good progress in its ongoing efforts to comply with the landmark legislation. The