Tag

Fine

All articles tagged with #fine

France Fines Nintendo €35 Million Over Joy-Con Drift
business2 months ago

France Fines Nintendo €35 Million Over Joy-Con Drift

France's DGCCRF fined Nintendo €35 million for allegedly misleading consumers about Joy-Con drift on the original Switch; the investigation says Nintendo may have known about the defects as early as 2018 but notified customers only in 2020, drawing accusations of planned obsolescence from UFC-Que Choisir. Nintendo says the settlement is an amicable resolution and not an admission of guilt, noting a roughly ¥6.4B hit on litigation in its balance sheet; the company had previously offered free repairs for drift issues.

EU Slaps Temu With €200 Million Fine Over Illegal Goods on Marketplace
business2 months ago

EU Slaps Temu With €200 Million Fine Over Illegal Goods on Marketplace

The European Commission fined Temu €200 million ($232 million) for failing to prevent the sale of illegal products on its platform, citing a high risk for EU consumers to encounter items like baby toys in violation of the Digital Services Act. Regulators said Temu’s 2024 risk assessment was inaccurate and that its compliance measures were inadequate; Temu says it is strengthening governance and disagrees with the decision. Temu has until August 2026 to present an action plan addressing illegal product sales, with the EC able to levy fines up to 6% of global revenue if unsatisfactory. The case follows Europe’s earlier penalty on X, and a July start of a €3 flat fee on ecommerce parcels under €150 could further affect Temu’s EU business.

Ryanair Fined €256M in Italy Over Abusive Sales Strategy
business8 months ago

Ryanair Fined €256M in Italy Over Abusive Sales Strategy

Ryanair was fined €256 million by Italy's competition authority for abusing its dominant market position by implementing strategies to hinder online travel agencies from selling its tickets, aiming to force sales through its own website, which the airline plans to appeal. The authority accused Ryanair of creating technical obstacles and restricting competition, while the airline argued that its direct sales model benefits consumers with lower fares. Despite the fine, Ryanair remains highly valuable and is planning a leadership transition.

Rico Dowdle Fined for 'Two-Pump' Celebration, Turns Fine into Fundraiser
sports9 months ago

Rico Dowdle Fined for 'Two-Pump' Celebration, Turns Fine into Fundraiser

Panthers running back Rico Dowdle was fined $14,491 by the NFL for an obscene 'two-pump' touchdown celebration, which also led to a penalty and missed extra point, but the Panthers still won the game. The celebration was inspired by a Key & Peele skit, and Dowdle's fundraising for a children's charity has exceeded $27,000, with support from comedian Keegan Michael-Key.

Rico Dowdle turns NFL fine for 'two-pump' celebration into a message of hope
sports9 months ago

Rico Dowdle turns NFL fine for 'two-pump' celebration into a message of hope

Rico Dowdle was fined $14,491 by the NFL for a celebratory dance after scoring a touchdown, which was considered an obscene gesture. Instead of paying the fine himself, he turned it into a charitable act by starting a fundraiser to support children in foster care in North Carolina, with all proceeds going to the Children's Home Society of North Carolina.