Google fined €2.95bn by EU for abusing advertising dominance

The Commission said competitors faced higher costs and reduced revenues as a result.

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The European Commission said on Friday the tech giant had breached competition laws by favouring its own products for displaying online ads, to the detriment of rivals.

It comes amid increased scrutiny by regulators worldwide over the tech giant's empire in online search and advertising.

Google told the BBC the Commission's decision was "wrong" and it would appeal.

"It imposes an unjustified fine and requires changes that will hurt thousands of European businesses by making it harder for them to make money," said Lee-Anne Mulholland, global head of regulatory affairs at Google.