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U.S. private employers added jobs at a much faster-than-anticipated rate in December, helping to alleviate some worker shortages as the tight U.S. labor market persisted.  The U.S. economy saw 807,000 private payrolls return in the final month of 2021, ADP said in its closely watched report on Wednesday. This compared to the 410,000 job gains consensus economists anticipated, based on Bloomberg data. Employers had brought back 505,000 jobs in November, according to ADP’s revised estimate… Source link

LONDON (AP) — Germany’s antitrust watchdog paved the way Wednesday for extra scrutiny of Google by designating it a company of “paramount significance,” the first to get that label since regulators got more power to curb abusive practices by big digital companies. The Bundeskartellamt said its decision comes after rules were introduced last year that allow it “to intervene earlier and more effectively” to ban companies from using anti-competitive practices. The… Source link

In a decision as significant as it is unexpected, Germany’s antitrust regulator has concluded that Google’s business meets the threshold for special abuse control which was established under an update to competition law targeted at digital giants and passed at the start of last year. The finding that Google has “paramount significance across markets” is the first such decision taken by Germany’s Federal Cartel Office (aka the Bundeskartellamt) — which has ongoing procedures… Source link

Advertising technology provider Smartly.io Solutions Oy said it is buying Ad-Lib.io, a company that offers creative tools for various Google platforms, for more than $100 million, as it seeks to widen its offerings beyond social media. Newsletter… Source link

Investors may want to think twice about putting their money to work in China, contends DoubleLine founder Jeffrey Gundlach.  “China is uninvestible, in my opinion, at this point,” the bond king told Yahoo Finance in an interview at his California estate. “I’ve never invested in China long or short. Why is that? I don’t trust the data. I don’t trust the relationship between the United States and China anymore. I think that investments in China could be confiscated. I think there’s a risk of… Source link

Russian internet group Yandex, in coperation with the video-streaming service Wink from telecom operator Rostelecom, has launched a project for an ice hockey TV channel, reports Vedomosti. The new channel will show hockey matches 24/7 and be available on the web platforms Wink and Yandex.Sport. Source link

Apple has an agreement with Google that it won’t develop its own internet search engine so long as Google pays it to remain the default option in Safari, a new class action alleges. Filed in a California court earlier this week against Apple, Google, and their respective CEOs, the lawsuit alleges the two companies have a non-compete agreement in the internet search business that violates US antitrust laws. Specifically, the complaint charges Apple CEO Tim Cook and Google CEO Sundar Pichai of… Source link

BERLIN, Jan 5 (Reuters) – Germany’s cartel office said it was examining Google’s use of personal data and its Google News Showcase product under its new powers to regulate internet companies, and was also considering cases involving Amazon, Apple and Facebook owner Meta. The regulator said on Wednesday it had determined that Google’s owner Alphabet met the scale threshold required for a company to be subject to new extended supervisory powers to regulate large internet companies that it… Source link

Fossil fuel companies and firms that work closely with them are among the biggest spenders on ads designed to look like Google search results, in what campaigners say is an example of “endemic greenwashing”. The Guardian analysed ads served on Google search results for 78 climate-related terms, in collaboration with InfluenceMap, a thinktank that tracks the lobbying efforts of polluting industries. The results show that over one in five ads seen in the study – more than 1,600 in total… Source link

Ben Roethlisberger continues to send signs that his time with the Pittsburgh Steelers is coming to an end. Roethlisberger released a statement Tuesday thanking fans for sending him “love and support” during Monday’s game. The statement was released on Roethlisberger’s website, BigBen7.com, and the website’s Twitter account. Roethlisberger does not have a personal Twitter account.  Roethlisberger led the Steelers to a win in what was expected to be his final home game with the team…. Source link