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Google has won an appeal against the European Commission over a €1.5 billion fine for abusing its dominance in markets for brokering online search advertising. The European Union's general court annulled the original decision on Wednesday, which was made in 2019 against the search engine arm of Alphabet Inc (NASDAQ:GOOG) after EC regulators said the company had blocked rival online advertisers.

Google has succeeded in overturning a $1.7 billion antitrust penalty handed down by the European Union back in March 2019.

Alphabet not only has a thriving chip subsidiary but is leading in other areas of the AI supply chain. The company is investing a ton of money and will need to see revenue growth to justify its spending.

Alphabet unit Google won its challenge on Wednesday against a 1.49 billion euro ($1.66 billion) antitrust fine imposed five years ago for hindering rivals in online search advertising, a week after it lost a much bigger case.

An EU court will rule on Wednesday on Google's appeal of a 1.49-billion euro ($1.65 billion) fine from the European Union, a week after the US tech giant suffered a stinging legal defeat over a bigger penalty.

The European Union's second-highest court on Wednesday said a 1.5 billion euro ($1.67 billion) antitrust fine imposed on Google by regulators should be annulled. In this article GOOGL

Europe's second-top court on Wednesday backed Alphabet unit Google's challenge against a 1.49 billion euros ($1.66 billion) antitrust fine imposed five years ago for hindering rivals in online search advertising.

Vietnam's president and ruling Communist Party chief To Lam is set to meet representatives from several U.S. corporations, including Google and Meta, during a visit to the United States next week, two people briefed about the plans told Reuters.