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The Indian complaint presents the latest regulatory headache for the Mountain View, California-based company in a key growth market. Last year, the Indian antitrust watchdog imposed a fine of 1.36 billion rupees ($19 million) on Google for “search bias” and abuse of its dominant position. It also found Google had put its commercial flight search function in a prominent position on the search results page cufflink engraving. Google appealed against that order, saying the ruling could cause it “irreparable” harm and reputational loss, Reuters reported..
BELFORT, France (Reuters) – After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president’s hopes of creating a European rail champion cufflink engraving. For Gemino and many co-workers at Alstom’s Belfort factory, Macron’s support for the blocked merger with Germany’s Siemens signaled a readiness to put shareholders ahead of jobs and protecting France’s fragile manufacturing sector..
But the European Commission’s veto last week has raised doubts about the president’s industrial strategy as he battles to quell unrest over inequality and a perception he is indifferent to the struggles of France’s working class. The workers’ disdain for Macron’s industrial plan reflects a broader lower-class anger at the former investment banker’s reforms designed to liberalize and invigorate France’s heavily regulated economy cufflink engraving. Violent “yellow vest” anti-government protests have convulsed France for the past three months and raised questions over whether the man dubbed the “president of the rich” by left-wingers can make France more competitive..
“The order books are apparently pretty full. Management tells us we’re covered for the next four or five years,” Gemino, who joined Alstom as a teenage apprentice, said as he passed through the plant’s turnstile cufflink engraving. “The future isn’t so bleak.”. Alstom and Siemens wanted to merge their train manufacturing businesses to compete more effectively against China’s state-owned CRRC, the world’s biggest trainmaker, at a time rail companies globally are looking to consolidate and reduce costs through economies of scale..
Alstom’s unions say the company, with booked orders of 40 billion euros ($45 billion), is strong enough to survive alone and they would prefer to take on China without German help. “There will always be a risk, but Alstom and Siemens are capable of looking after themselves, on their own, and of pushing back against China,” said Olivier Kohler, an Alstom employee and member of the moderate CFDT union, France’s largest cufflink engraving. “Even if there was a merger, their prices would still be lower.”..