Canada’s Competition Bureau is suing Google for anticompetitive behavior in its online advertising business, seeking to force the company to sell off two ad tech services and pay a penalty. The bureau alleges that Google unlawfully tied its ad tech tools to maintain dominance, hindering competition, innovation, and inflating costs. Google denies the allegations and plans to defend itself, while U.S. regulators are considering breaking up the tech giant over its monopolistic practices in the search engine market.
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EU weighs UK-style trade deal with US
The EU is seeking a trade deal with the US similar to the UK agreement, aiming to maintain some tariffs post-deadline in July, as fears of economic backlash curb calls for retaliation. Despite divisions among member states, a potential acceptance of a 10% reciprocal duty is on the table, with ongoing negotiations addressing sensitive sectors like steel and pharmaceuticals. Need More Context? 🔎
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