The European Commission found Google non-compliant with the Digital Markets Act on 23 July and imposed two fines of €460m and €430m, €890m in total. One covers preferential treatment of Google's own services such as shopping, hotels and transport in search results; the other covers limits on app developers telling customers about alternative offers. Google was ordered to stop the conduct, show third-party services fairly in search and let developers communicate freely with users inside and outside its app store. Google told the Commission it would change how it presents its own services.
Why it matters for listed companies
Google is US-listed, so the fine itself does not fall on a European company. The European exposure is indirect: listed price-comparison, travel-booking and classifieds groups depend on Google search for customer traffic, and app publishers and games companies pay app-store commissions, so the remedies touch their customer-acquisition costs and distribution terms. How much changes depends on how Google implements the order, which the Commission said it would keep monitoring. The direct financial effect on European listed companies is small for now.
Official series on 24 Jul 2026 or the last day before it, and the latest observation.
ECB deposit facility rate 2.25% → 2.50%+25 bp 24 Jul 2026 → 15 Oct 2026 · European Central Bank
Euro area 10-year yield (AAA) 3.21% → 3.51%+30 bp 24 Jul 2026 → 14 Oct 2026 · European Central Bank
Euro in US dollars 1.1377 → 1.1208-0.0169 24 Jul 2026 → 15 Oct 2026 · ECB reference rate
Euro in pounds sterling 0.8539 → 0.8461-0.0078 24 Jul 2026 → 15 Oct 2026 · ECB reference rate
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