Bloomberg Alphabet Inc’s Google was sued by a company that claims it was driven out of the digital advertising market by the search giant’s anti-competitive behaviour, which is already under scrutiny by state and federal officials. Advertising technology company Inform Inc alleges that Google has used its monopoly power in internet search and mobile operating systems to undermine competition in ...

Bloomberg Angela Merkel said Europe should set up an agency that certifies components for the region’s fifth-generation wireless networks, in a bid to address safety concerns over equipment from Chinese suppliers including Huawei Technologies Co. The agency could set standards for components built into Europe’s 5G networks and be modelled on the European Medicines Agency (MDA), which evaluates pharmaceutical drugs ...

Bloomberg Europe’s not really ready for facial recognition technology. That’s the verdict of the European Union (EU) Agency for Fundamental Rights, whose 36-page paper says the region needs stronger rules governing the use of such technology by states, be it at national borders or in public spaces. “Given the novelty of the technology as well as the lack of experience ...

Bloomberg US equity futures edged up while stocks climbed globally as the risk-on mood that’s driven American benchmarks to record highs showed few signs of abating. The dollar gained and Treasury yields rose after data on economic growth and claims for unemployment beat analysts’ expectations. Contracts on the S&P 500 trimmed some of its advance as farm-equipment maker Deere & ...

Bloomberg A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2 trillion market has become a breeding ground for wild volatility. China First Capital Group, an investment company that focusses on financial and education services, plunged as much as 78% on Wednesday before trading was ...

Bloomberg Federal Reserve governor Lael Brainard painted a mostly positive picture of the near-term outlook for the US economy while advocating longer-term changes in the conduct of monetary policy in an era of low interest rates and subdued inflation. “There are good reasons to expect the economy to grow at a pace modestly above potential over the next year or ...

Bloomberg Deutsche Bank AG sold another chunk of unwanted assets to Goldman Sachs Group Inc as part of a radical restructuring that’s seeing the German firm exit businesses where it’s been unable to compete. The nation’s largest lender recently sold securities with a notional value of about 40 billion pounds ($51 billion) to the US bank, people briefed on the ...

Bloomberg Citigroup Inc was fined 44 million pounds ($57 million) by the Bank of England (BOE) for years of inaccurate reporting to regulators about the lender’s capital and liquidity levels. Applying its largest fine ever, the central bank’s Prudential Regulation Authority (PRA) said that between June 2014 and December 2018, three UK units of the Wall Street bank had significant ...

Bloomberg Goldman Sachs Group Inc reckons Germany should embrace “a large fiscal expansion” but probably won’t; China should deploy just enough to avert “a sharp slowdown”; and “potential meaningful implications” for budget policy are another reason to watch the US presidential election. In its ‘Top of Mind’ report, Goldman explores the fiscal front given monetary policy is nearly exhausted in ...

Bloomberg Expanding stock markets could be good for the earth, according to research from the European Central Bank (ECB). Economies receiving more funding from stock markets than credit markets generate less carbon, it said in a paper. Increasing the global share of equity financing to half would reduce aggregate per capita carbon emissions by about a quarter of the Paris ...