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Fish furore fuels fierce election in India's West Bengal
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Myanmar junta chief sworn in as president
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Former Japan and AC Milan star Honda laces up boots again at 39
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Stocks rally on optimism over Iran war ceasefire, oil extends gains
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Firm Masters greens make life hard on golf's finest
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Defending champ McIlroy shares Masters lead after back-nine birdie run
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Tigers' Meadows in hospital after colliding with teammate
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Ukraine and Russia will cease fire for Orthodox Easter
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Aston Villa on verge of Europa League semis after beating Bologna
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Israel and Lebanon set for ceasefire talks next week, says US official
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US stocks extend gains, shrugging off ceasefire worries
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IMF chief urges nations to 'do no harm' in fiscal response to Iran war
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McIlroy's back-nine birdie run grabs share of Masters lead
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Robertson to leave Liverpool at end of season
Intel sees record EU fine reduced further
The EU General Court dealt a blow to the European Commission on Wednesday in reducing what was initially a record fine against US chipmaker Intel to 237 million euros ($276 million) -- a quarter of the original sum.
Brussels imposed an initial 1.06-billion-euro fine on the group in 2009, then a record amount, for abusing its dominant market position between 2002 and 2007 and attempting to drive its only serious competitor, AMD, out of the microprocessor market.
Intel has since engaged in lengthy legal proceedings to have the fine overturned.
In 2022, it won its case when the General Court, based in Luxembourg, partially invalidated the penalty and ordered the Commission to reassess the total fine.
In September 2023, Brussels set a new amount of 376 million euros.
But the US group again appealed.
In the new ruling published Wednesday, the court said it had "substantially upheld the 2023 decision", but reduced the fine to 237 million euros.
The court justified the move citing, firstly, the "relatively limited number of computers" affected by certain restrictions Intel imposed on computer manufacturers such as Acer and Lenovo to hinder AMD.
Secondly, it cited a 12-month interval between "some of the anti-competitive practices".
R.Lee--AT