By Rowena Edwards LONDON (Reuters) -Oil prices stabilised on Wednesday, after dropping by more than $1 earlier in the session, following signs of bullish demand in an International Energy Agency (IEA) report. Brent crude futures rose 8 cents, or 0.09%, to $93.25 a barrel by 0933 GMT. U.S. West Texas Intermediate crude was at $87.35…
By Foo Yun Chee LUXEMBOURG (Reuters) -Alphabet unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused its dominance but trimmed the fine by 5% because of a disagreement on one point. Google lost its challenge to a 2.42…
SEOUL, South Korea (AP) — South Korea’s privacy watchdog has fined Google and Meta a combined 100 billion won ($72 million) for tracking consumers’ online behavior without their consent and using their data for targeted advertisements. South Korea’s Personal Information and Protection Commission said it fined Google 69.2 billion won ($50 million) and Meta 30.8…
ABUJA, Nigeria (AP) — With monkeypox cases subsiding in Europe and parts of North America, many scientists say now is the time to prioritize stopping the virus in Africa. In July, the U.N. health agency designated monkeypox as a global emergency and appealed to the world to support African countries so that the catastrophic vaccine…
BRUSSELS (AP) — A top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion to help people hit by spiraling energy prices. It’s one of several…
LONDON (AP) — A top court largely rejected Google’s appeal of a record European Union antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. It marks another win for EU regulators taking a global lead in controlling the power of big tech companies. The European…
By Kate Abnett BRUSSELS (Reuters) -The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission President Ursula von der Leyen said on Wednesday. European governments have ploughed hundreds of billions of euros into tax cuts,…
MADRID (Reuters) – Fashion brand Zara’s owner Inditex reported on Wednesday a 24.5% jump in six-month sales and a higher profit than a year ago, closing July on a strong footing just before fashion demand started weakening last month due to rampant inflation. (Reporting by Corina Pons, editing by Inti Landauro.)
By Paresh Dave OAKLAND, Calif. (Reuters) -Alphabet Inc’s Google must face all but one antitrust allegation about its online advertising business brought in a lawsuit by attorneys general for Texas and 16 other states or territories, a federal judge ruled on Tuesday. Google won its motion to dismiss an allegation that a cooperation agreement it…
Shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street. U.S. futures inched up while oil prices were mixed. Shanghai’s benchmark lost 1% to 3,204.93 after China’s central bank left its benchmark lending rate unchanged. While other major economies are raising rates to cool inflation,…
