International Economic
EU opens antitrust investigation into Google's ad unit
The European Commission opened an antitrust probe on Tuesday into whether Google’s advertising unit favours its own online display ad services.
Powell sticks to forecast for inflation to fall back to target
The head of the US central bank doubled down on forecasts for slower inflation as the country's economy reopens.
Travel industry criticises UK government for Covid-19 restrictions
The travel industry hit out at the UK government for “looking away during its darkest hour” and imposing harsh Covid-19 restrictions as the sector struggles to stay afloat.
US existing home sales dip again in May, but stabilisation seen ahead
Existing home sales in the States fell for a fourth straight month in May with economists divided on the reasons behind the slowdown.
GlobalFoundries to open chip factory in Singapore
GlobalFoundries announced on Tuesday it will build a new chip manufacturing plant in Singapore in a move to address the ongoing shortage of semiconductor chips around the world.
YouTube wins copyright-infringement case against top EU court
YouTube won on Tuesday a copyright-infringement case in Europe’s top court in but the latest development of an ongoing legal battle with Europe’s creative industry.