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US judge rules Google monopolized online ad tech market
A US judge on Thursday ruled that Google wielded monopoly power in the online ad technology market in a blow that could rattle the tech giant's revenue engine. "Google has willfully engaged in a series of anticompetitive acts to acquire and maintain monopoly power in the publisher ad server and ad exchange markets for open-web display advertising," Brinkema said in her ruling.
Swiss watch exports to US soared ahead of Trump tariffs
Swiss watch exports to the key US market soared nearly 14 percent in March, likely the result of retailers stocking up before US President Donald Trump announced his tariffs on countries worldwide. In March, Swiss watch exports to the United States jumped 13.7 percent compared to a year earlier, rebounding after a 6.7 percent drop the previous month, the country's watchmakers' federation said.
Italy's Meloni seeks EU tariff deal from Trump
Italian Prime Minister Giorgia Meloni will meet Donald Trump at the White House on Thursday, hoping a personal charm offensive can help convince the US president to cut the EU a better deal on tariffs.
Nvidia CEO in Beijing as US tech curbs, trade war threaten sales
Nvidia CEO Jensen Huang held talks with Chinese leaders in Beijing on Thursday, state media said, days after the United States curbed sales of its H20 artificial intelligence chips to China. Huang on Thursday expressed hope for "continued cooperation" with China, state media said.
World economy should avoid recession despite tariffs, IMF chief says
The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump's tariff rollout, the head of the International Monetary Fund said Thursday.
N.Ireland designer Jonathan Anderson takes helm at Dior Men
French fashion giant Dior named the highly-rated designer Jonathan Anderson as creative director of Dior Men on Thursday. Anderson replaces British designer Kim Jones at Dior Men.
Turkish central bank raises interest rate to 46 percent
Turkey's central bank hiked its key interest rate to 46 percent on Thursday after a month of protests over the arrest of Istanbul's opposition mayor and economic uncertainty provoked by US President Donald Trump's sweeping tariffs.
Trump's tariff storm a threat to dollar's dominance?
As President Donald Trump's tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world's key trading and reserve currency. - The dollar initially gained on news of Trump's tariffs owing to concerns the levies will push up inflation.
Trump clashes with Fed chief Powell over interest rates
US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform. "Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."
AFP
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