Tag Archives: News

Russia fined Google 21.1 billion rubles ($374 million) on Monday for repeatedly failing to “remove prohibited information” — content related to the country’s invasion and subsequent war in Ukraine. The country’s telecommunication watchdog Roskomnadzor cited a court order and said Google (particularly YouTube) didn’t take down content that discredited “the Armed Forces of the Russian Federation.” The watchdog’s press release also accused Google of… Source link

Innovative electronic music composer and physicist Oskar Sala would have celebrated his 112th birthday on Monday. The German is hailed for producing sound effects on a musical instrument called a mixture trautonium that transformed the world of radio, film and television. On Monday, Google is changing its logo in 27 countries to a doodle, or illustration, in his honour. This is his story: Early life Sala was born in Greiz, Germany, in 1910. Since birth, he was surrounded by music. His mother… Source link

The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019. REUTERS/Charles Platiau Register now for FREE unlimited access to Reuters.com Register July 14 (Reuters) – The U.S. Department of Justice is expected to file an antitrust lawsuit against Alphabet Inc’s (GOOGL.O) Google in weeks over its dominance in the online advertising market, Bloomberg News reported on Thursday, citing people familiar with the matter. The Justice… Source link

Arghhhh! Inflation is really bad right now. The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981. Everybody who drives a car knows skyrocketing gasoline prices are one of the principal culprits. Plus, food prices are up 12% year-over-year, leaving families little choice but to shell out more for essentials. There are also signs that some types of inflation are running their course, as consumers adapt and pandemic-related supply-chain kinks… Source link

U.S. stock futures pointed to deeper losses at Thursday’s open as investors reeled from shock inflation data that renewed worries over aggressive central bank action and awaited earnings from the biggest financial institutions on Wall Street. Futures tied the S&P 500 dropped 1.4% in pre-market trading, and the Dow Jones Industrial Average shed 470 points, or 1.5%. Contracts on the tech-heavy Nasdaq fell 1%. The moves come after all three major indexes tumbled Wednesday following fresh CPI… Source link

The Biden administration is reeling from gasoline prices that crested to $5 per gallon in June and are still historically high. So are millions of drivers. But relief may be on the way. During a briefing for reporters on July 12, senior White House officials said a drop in wholesale gas prices suggests retail prices could drop by 50 cents per gallon or so in coming weeks. “We’ve seen the price of oil fall to a range of $100 per barrel, and we have not yet seen gas prices at the pump fall… Source link

All Russian businesses have been affected by the fallout from the war and Western sanctions, but “perhaps the most dramatic events have unfolded at Yandex,” writes TheBell, a respected Russian online publication, in its English edition. While founder Arkady Volozh and head Tigran Khudaverdyan were sanctioned by the European Union, “compromises with the authorities have led the country’s leading IT company into a trap.” Yandex is now divided internally, as “some top managers… Source link

Russia-backed troops driving through Lysychansk, Ukraine, on Monday.Credit…Alexander Ermochenko/Reuters BAKHMUT, Ukraine — With Luhansk Province firmly in Russia’s grasp after weeks of brutal fighting, the country’s military forces on Tuesday were already setting their sights on the next target. On the outskirts of Bakhmut, a key supply hub for Ukrainian forces, the Russian Army was ramping up its shelling as an apparent prelude for an inch-by-inch offensive into the province of… Source link

This post was originally published on TKer.com. Federal Reserve Chair Jerome Powell reiterated the central bank’s top priority right now: Bringing down inflation. “It’s unconditional, our commitment,” Powell told the House Financial Services Committee on Thursday. He also acknowledged that the Fed’s efforts could come with some economic pain. When asked about the likelihood of the economy falling into recession as a consequence, Powell told the Senate Banking Committee on Wednesday:… Source link