EU reaches agreement with Google over competition issues

Competition Commissioner Joaquin Almunia said that the EU had reach the understanding, which included concessions from Google about its global business practices, according to a report by Reuters.

To ease EU concerns, Google has agreed to implement measures covering all platforms, including computers, tablets, and mobile devices, according to Reuters’ sources.

"We will look for worldwide solutions, it will not be very useful to get European-wide solutions. We need worldwide solutions", Almunia said at a press conference.

In May, the European Commission accused Google of abusing its dominant market position by favoring Google services over rivals in search results. The company faces fines of up to 10% of its annual revenues.

Almunia said other parts of Google's business could still come under scrutiny.

"We have not opened any other investigations, but I don't exclude that in the future other aspects of Google activity can also follow the path of the investigation we launched in 2010", he said.

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