Talking Points

TALKING POINTS

Google to appeal $5 billion EU fine

TECHNOLOGY

Google to appeal $5b EU fine

Google is appealing a record $5 billion antitrust fine by European Union authorities, who say the tech giant abused the dominance of its Android operating system to stifle competitors. A company spokesman, Al Verney, confirmed Wednesday that the company has filed its legal challenge with the General Court of the EU, the bloc’s second highest court. The EU’s executive Commission issued the fine in July after it found Google forced smartphone makers using Android to install the company’s search and browser apps. The company also paid big phone makers to exclusively pre-install the Google Search app. The bloc’s competition commissioner, Margrethe Vestager, said at the time of the ruling that ‘‘companies must compete on their merits.’’ — ASSOCIATED PRESS

LUXURY

Owner of Louis Vuitton hit by Chinese crackdown on foreign purchases

LVMH extended losses after it said Chinese customs authorities are stepping up border checks on returning travelers, confirming speculation on social-media networks and deepening a selloff in luxury companies’ shares. Shares of the owner of Louis Vuitton, Christian Dior, and Dom Perignon Champagne were down as much as 8.4 percent in Paris, while rival Kering SA fell 9.1 percent. The stepped-up customs enforcement may be aimed at curbing China’s booming business in gray-market imports, the CFO said. Some Chinese residents snap up Louis Vuitton bags and other luxury items on trips overseas, where they’re cheaper, then sell them at a profit when they return home, undercutting fashion companies’ own stores in China. — BLOOMBERG NEWS

RETAIL

Ikea to expand into South America

Ikea plans to expand to about a dozen new markets in the coming years, including branching into South America, as the Swedish furniture giant aims to reach a total of 3 billion potential customers by 2025. The company will in the coming years open stores in Chile, Colombia, and Peru through a new Ikea franchisee called Falabella as part of its first foray into South America, Inter Ikea said in an e-mailed statement on Wednesday. Inter Ikea, which owns the Ikea concept and is the worldwide franchisor, also said the company plans to start selling its products in Mexico, Estonia, Ukraine, Puerto Rico, Oman, Luxembourg, Macau, and the Philippines. — BLOOMBERG NEWS

INTERNATIONAL

Woman who spent $21m in Harrods targeted by British law targeting corruption

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A woman from Azerbaijan who spent 16 million pounds ($21 million) on jewelry, wine, and other goods at luxury London department store Harrods over the course of a decade has become the first target of a new British rule allowing officials to seize money from people suspected of getting their wealth through corruption. A court has ordered Zamira Hajiyeva, 55, to explain where she got the money to also buy an 11.5 million pound ($15 million) London home close to Harrods and a golf course outside the city worth 10.5 million pounds ($14 million). Hajiyeva’s husband, former International Bank of Azerbaijan chairman Jahangir Hajiyev, was sentenced to 15 years in jail in his home country in 2016 for fraud and embezzlement. The case marks Britain’s first use of Unexplained Wealth Orders, introduced this year to curb London’s status as a haven for ill-gotten gains. — ASSOCIATED PRESS

FOOD

American no longer the cheese of choice

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American cheese will never die. It has too many preservatives. But it’s melting away. One by one, America’s food outlets are abandoning the century-old American staple. In many cases, they’re replacing it with fancier cheeses. The result: higher sales. The product, made famous by the greatest generation, devoured by boomers on the go, and touted as the basis for macaroni and cheese, the well-documented love object of Gen X, has met its match with millennials demanding nourishment from ingredients that are both recognizable and pronounceable. US sales of processed cheese, including brands like Kraft Singles and Velveeta, a mainstay of delicacies such as ballpark nachos, are projected to drop 1.6 percent this year, the fourth-straight year of declines, according to Euromonitor International. — BLOOMBERG NEWS

SOCIAL MEDIA

Snap will offer a dozen original series on its mobile app

Snap Inc. will release a dozen original series on its mobile app, betting that a new entertainment lineup can maintain its grip on teenage users and provide an edge over Facebook Inc.’s Instagram. The programming slate, announced Wednesday, marks Snap’s biggest push into funding and producing its own content. The idea is to keep users on the Snapchat app for longer periods of time — and sell advertising to companies looking to reach a youthful audience. The rollout includes “Endless Summer,” a docuseries about social-media influencers in Laguna Beach, Calif., and “Class of Lies,” a scripted show about college roommates coping with the disappearance of their best friend. — BLOOMBERG NEWS

AVIATION

Woman brings ‘emotional support squirrel’ on to plane

Police at a Florida airport removed a passenger who refused to get off a Cleveland-bound flight after she was found carrying an ‘‘emotional support squirrel.’’ Frontier says the passenger had noted in her reservation that she was bringing an emotional support animal with her on the flight, but she did not indicate it was a squirrel. Rodents, including squirrels, are not one of the emotional support animals allowed on Frontier flights, according to its website. — ASSOCIATED PRESS

ARTIFACTS

Hedge funds to buy Titanic relics

A company that owns 5,500 relics from the sunken luxury liner R.M.S. Titanic will sell the collection to a group of hedge funds for $19.5 million after an auction for the artifacts was canceled. The offer from the group of investment funds, led by Premier Exhibitions Inc. chief executive and director Daoping Bao, was the only one for the collection, according to court filings. Premier currently owns the items acquired from survivors or salvaged from the ship, which sank in 1912. — BLOOMBERG NEWS

ONLINE COMMERCE

Amazon to offer bigger raises to those already earning $15 an hour

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Amazon, facing a backlash from longtime warehouse employees who say its $15 hourly minimum wage wouldn’t benefit them, will now provide a bigger raise to those workers. The company said Wednesday that ‘‘slight adjustments’’ are being made this week, and workers who already made $15 an hour will get more than the $1 an hour raise promised last week. The raise will differ by warehouse and affect a small amount of employees, but Amazon declined to say how many. When Amazon announced last week that it would boost its hourly minimum wage to $15, it also cut two benefits: monthly bonuses and another that gave workers Amazon stock. Several employees said last week that they expected to earn less because of the cut benefits. — ASSOCIATED PRESS

AUTOMOTIVE

American to lead Volkswagen in the US for first time in 25 years

Scott Keogh, who has led Audi to almost nine years of monthly US sales gains, will become the first American in 25 years to lead Volkswagen in his home country. The 49-year-old native New Yorker takes over on Nov. 1 as chief executive officer of Volkswagen Group of America and as head of the VW brand for North America. The last American in such a role was John Kerr, who had a short tenure in 1993. — BLOOMBERG NEWS