Google wins UK ruling blocking Russian fine worth more than world GDP

Quick Summary:

Google’s market capitalization is $2.4 trillion, while according to the World Bank the world’s GDP was just over $106 trillion at the end of 2023.

A recent estimate pegged the penalties at $125 nonillion, a nonillion being a 1 followed by 30 zeros, according to the ruling.

While cases in other countries remain at early stage, a South African court froze Google’s local trademarks and shares, an order that was later put on hold.

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Category: BusinessFinance

Markets: IndiaIndonesiaSouth AfricaSpainUkraineVietnam

Topics: UK court ruling Google trademarks Alphabet Inc Russian court penalties Russian legal system South Africa court Russian media firms YouTube channels International sanctions Google market capitalisation Global assets RT TV Tech companies in Russia Google vs Russia Russian fines Ukraine conflict $125 nonillion penalty International court disputes Global enforcement Google YouTube sanctions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 23:21:58 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25345168

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Official Website: business-standard.com

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