TL;DRThe EU has fined Google 890 million euros under the Digital Markets Act. Critics note that such fines are factored into Google's annual revenue of 400 billion dollars.
TL;DRThe European Central Bank has decided to keep key interest rates in the eurozone unchanged for the time being. This decision comes despite ongoing high energy prices.
IT & InternetCompanies & MarketsArtificial Intelligence
TL;DRGoogle's parent company, Alphabet, reported a negative free cash flow despite record profits and growth in its cloud division. This is attributed to significant investments in expanding its AI infrastructure.
TL;DRThe European Central Bank has decided not to change its key interest rate, with the deposit rate remaining at 2.25 percent. A further interest rate hike in September is considered possible.
TL;DRA Kurdish human rights organization accuses Iran of attacking Kurdish-Iranian fighters in Iraq with white phosphorus. This statement suggests a potential use of prohibited means in the context of the Iran War.
TL;DRA German model named Michele has been missing since 2015 and may be involved in the network of the deceased model scout Daniel Siad. Questions are being raised about whether she became part of the Epstein network.
TL;DRThe European Central Bank has maintained its key interest rate at 2.25 percent. While inflation is decreasing, rising energy prices due to Middle East conflict could necessitate an interest rate hike in the autumn.
Artificial IntelligenceCompanies & MarketsIT & Internet
TL;DRItalian banking group UniCredit is reportedly close to acquiring Commerzbank. UniCredit CEO Orcel has initiated discussions with stakeholders, though his proposal has met with some opposition.
TL;DRThe EU has imposed a fine of €890 million on Google. Brussels' objection concerns Google's practice of prioritizing its own services over others in search results.
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