Bloomberg Google will be fined about $5 billion by the European Union (EU)over apps for Android mobile devices, setting a record for antitrust penalties, according to a person familiar with the EU decision. The penalty—the same amount the Netherlands contributes to the EU budget every year— is due to be announced by EU Competition Commissioner Margrethe Vestager at 1 pm ...

Bloomberg UK inflation unexpectedly held at 2.4 percent last month as cheaper clothing and computer games offset the rising cost of filling up a vehicle. The pound weakened as investors pared bets that the Bank of England will raise interest rates next month. Consumer prices were unchanged from May, the Office for National Statistics said on Wednesday. Annual inflation was ...

Bloomberg After the drama of President Donald Trump’s widely criticized news conference with President Vladimir Putin, one agreement the two leaders reached on the business front may go forward, according to the head of the Kremlin-backed Russian Direct Investment Fund. Kirill Dmitriev, an ally of Putin who heads the sovereign wealth fund sanctioned by the US, says American businesses are ...