Alphabet company headlines, earnings, strategy, leadership, and market-moving business updates.
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The company, through its Google initiatives, says it has exceeded a stated goal to invest more than $1 billion in Africa over five years, and is publishing additional details tied to digital infrastructure and artificial intelligence efforts.
THE APEX TIMES
THE APEX TIMES
The Patent and Market Court in Stockholm found Google unlawfully favored its own shopping comparison service. The damages award was far below what PriceRunner had asked for.
THE APEX TIMES
A South Korean watchdog is pressing Alphabet’s Google over alleged restrictions that limit competition on app stores, according to a Yahoo Finance report.
THE APEX TIMES
Market coverage on July 1 linked strength in Klarna’s stock to a large damages award involving PriceRunner, with the ruling citing Google’s preferential treatment of its own comparison-shopping service.
THE APEX TIMES
The ruling centers on Google’s power in internet search and how it affects competition in comparison shopping services tied to Klarna’s Pricerunner unit.
THE APEX TIMES
The ruling, reported by Yahoo Finance, stems from a case involving allegations that Google’s search practices unlawfully harmed PriceRunner, a price-comparison service owned by fintech group Klarna.
THE APEX TIMES
The ruling centers on claims that Google favored its own shopping comparisons in search results, penalizing the conduct with damages calculated at about 14.3 billion kronor.
THE APEX TIMES
Klarna’s stock rose after a Swedish court ruled in favor of Klarna’s PriceRunner unit in an antitrust case tied to Alphabet.
THE APEX TIMES
A report says Google is under review by South Korean competition authorities, underscoring ongoing scrutiny of Big Tech’s online practices. Google’s response, cited in the update, frames the matter as part of regulatory oversight rather than an admission of wrongdoing.
