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Meta fined $567m in largest child safety ruling against social media giant
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Meta fined $567m in largest child safety ruling against social media giant

A New Mexico judge ordered the Instagram, Facebook and Whatsapp parent company to pay another $567m for the way it has harmed children.

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EU fines Google €890 million for anti-competitive practices nemzetkozi-gazdasag

EU fines Google €890 million for anti-competitive practices

This latest penalty is likely to intensify Washington’s anger over European digital regulations, which the Trump administration says target leading American companies unfairly.

Economy : Latest news on Le Monde.fr.
Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing nemzetkozi-gazdasag

Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing

Exclusive: Ro Khanna says ‘reindustrialization’ effort would provide grants, loans and investments to smaller businesses Democrats in the US Congress have laid out plans for what they say would be the “boldest” bid to revitalize the country’s industrial heartlands since the second world war – using revenue raised by tariffs on China. A bill introduced this week would create a new bank to strengthen domestic manufacturing, provided with up to $15bn in funds each year. Continue reading…

Business | The Guardian
EU fines Google €890m for competition breaches over search and apps nemzetkozi-gazdasag

EU fines Google €890m for competition breaches over search and apps

Firm told to treat third-party services that appear in its results in ‘fair and non-discriminatory manner’ Google has been fined a total of €890m (£760m) by the EU for breaches of online competition laws by its search and app store services. The European Commission, the EU’s executive arm, said Google had broken the Digital Markets Act by giving priority to its own services, such as shopping and hotel deals, in search results over those of its rivals. Continue reading…

Business | The Guardian
EasyJet profits plunge 70% as fuel costs soar amid Iran war nemzetkozi-gazdasag

EasyJet profits plunge 70% as fuel costs soar amid Iran war

Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later The low-cost airline easyJet has revealed a 70% slide in profits because of soaring fuel costs and later bookings as a result of the conflict in Iran, only weeks after it agreed to a £5.7bn takeover. The carrier reported a pre-tax profit of £85m between April and June compared with £286m during the same period a year earlier, as its fuel costs increased by £105m after the outbreak of hostilities in the Middle East in late February sent energy prices rocketing. Continue reading…

Business | The Guardian