Економіка

Brussels — The European Commission on Thursday fined Meta Platforms $840.24 million over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.

“The European Commission has fined Meta … for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers,” the European Commission said.

Meta said it will appeal the decision, but in the meantime, it will comply and will work quickly and constructively to launch a solution which addresses the points raised.

The move by the European Commission comes two years after it accused the U.S. tech giant of giving its classified ads service Facebook Marketplace an unfair advantage by bundling the two services together.

The European Union opened formal proceedings into possible anticompetitive conduct of Facebook in June, 2021, and in December, 2022, raised concerns that Meta ties its dominant social network Facebook to its online classified ad services.

Facebook launched Marketplace in 2016 and expanded into several European countries a year later.

The EU decision argues that Meta imposes Facebook Marketplace on people who use Facebook in an illegal “tie” but Meta said that argument ignores the fact that Facebook users can choose whether to engage with Marketplace, and many do not.

Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU but could not find any evidence of harm to competitors.

Companies risk fines of as much as 10% of their global turnover for EU antitrust violations.
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Zhuhai, China — Stealth fighter jets and attack drones took center stage as China’s largest air show officially opened on Tuesday, an opportunity for Beijing to showcase its growing military might to potential customers and rivals alike.

China has poured resources into modernizing and expanding its aviation capabilities as it faces off against the United States and others around regional flashpoints like Taiwan.

Record numbers of Chinese warplanes have been sent around the self-ruled democratic island, which Beijing claims as its territory, over the past few years.

The star of Airshow China, which showcases Beijing’s civil and military aerospace sector every two years in the southern city of Zhuhai, is the new J-35A stealth fighter jet.

Its inclusion in the airshow suggests it is nearly ready to enter operation, which would make China the only country other than the United States to have two stealth fighters in action, experts said.

The J-35A is lighter than China’s existing model, the J20, and looks more similar in design to a US F-35.

A group of J20s performed a display flight on Tuesday morning, flying in a diamond formation across a grey sky.

State news agency Xinhua quoted military expert Wang Mingzhi as saying the combination of the two models greatly enhances the People’s Liberation Army Air Force (PLAAF)’s “ability to conduct offensive operations in high-threat and contested environments.”

Attack drones

The airshow will feature a dedicated drone zone for the first time, reflecting their increased prominence in warzones, including Ukraine.

The SS-UAV — a massive mothership that can rapidly release swarms of smaller drones for intelligence gathering, as well as strikes — will be on display in Zhuhai, according to the South China Morning Post.

In October the United States unveiled sanctions targeting China-based companies linked to the production of drones that Russia has deployed in Ukraine.

Moscow and Beijing have deepened military and defense ties since Russia’s invasion of its neighbor three years ago, and the secretary of its Security Council, Sergei Shoigu, is due to visit Zhuhai.

This year the show’s focus is squarely on the military sector, as it coincides with the 75th anniversary of the PLAAF, but China’s burgeoning space industry will also be showcasing developments.

A model of a homegrown reusable space cargo shuttle will debut at the show, Xinhua reported on Monday.

Named Haoloong, the shuttle is designed to be launched on a commercial rocket, and then dock with China’s space station Tiangong.

“It can re-enter the atmosphere, fly and land horizontally at a designated airport, allowing for recovery and reuse,” Xinhua said.

Beijing has poured huge resources into its space program over the past decade in an effort to catch up to traditional space powers the United States and Russia.
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