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This latest fine extends a bumpy period for the Alphabet-owned internet giant in Australia

Google fined $55m for Australia anti-competitive deals

Google agreed today to pay a $55m fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines.

Business • 18 Aug

Alphabet surprises with capital spending boost

Alphabet has cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about $85 billion and predicted a further increase next year.

Business • 24 Jul

EU tech rules holding back innovation, Google says

Alphabet's Google will today warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses.

Business • 01 Jul

Germany is considering a 10% tax on large online platforms like Google and Facebook

Germany seeks to levy 10% tax on online platforms

Germany is considering a 10% tax on large online platforms like Alphabet's Google and Meta's Facebook, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.

Business • 29 May

Today's $32 billion price tag is much higher than the roughly $23 billion Google had offered for Wiz last year

Alphabet to buy Wiz for $32 billion in biggest deal

Alphabet said today it would buy Wiz for $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and Microsoft.

Business • 18 Mar

Google said its Gemini family of AI models is comparable in efficiency to DeepSeek

Alphabet plans big capex hike, cloud revenue growth slows

Alphabet said it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability.

Business • 05 Feb

Canada's watchdog has accused Google of giving its own tools preferential access to ad inventory, at times selling ads at a loss to block rivals

Canada watchdog sues Google over anti-competitive ad tech

Canada's competition watchdog said it was taking Google to court, accusing the company of "anti-competitive behaviour" in online advertising.

Business • 29 Nov 24

The measures presented by the Department of Justice are part of a landmark case which has the potential to reshape how users find information

Google must divest Chrome, US Department of Justice says

Alphabet's Google must sell its Chrome browser, share data and search results with rivals and take other measures - including possibly selling Android - to end its monopoly on online search, prosecutors have argued to a US judge.

Business • 21 Nov 24

Alphabet shares rose nearly 6% in after-market trading on Wall Street last night

Alphabet's AI investments boost cloud sales

Google parent Alphabet said last night its AI investments were "paying off" as it reported a 35% surge in its cloud business and US election-related spending lifted YouTube ad sales in the third quarter.

Business • 30 Oct 24

Warren Buffett's Berkshire Hathaway has halved its stake in Apple - the conglomerate's top holding

Magnificent Seven set to shed $800 billion in value

Apple and other heavyweight companies sold off on Wall Street last night as US recession fears and Berkshire Hathaway's sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI.

Business • 06 Aug 24

Google parent Alphabet has beaten second-quarter revenue and profit estimates

Alphabet beats Q2 revenue, profit estimates on strong ads

Alphabet has beaten second-quarter revenue and profit estimates, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.

Business • 24 Jul 24

Cybersecurity firm Wiz calls off $23 billion Google deal

Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet on a reported $23 billion deal in which it would have become the US tech giant's largest-ever acquisition, according to a Wiz memo seen by Reuters.

Business • 23 Jul 24

Alphabet set to report double-digit Q2 growth

Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth quarter of double-digit growth in a row, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market.

Business • 22 Jul 24

Italy's antitrust agency has stated an investigation into Google and its parent company Alphabet over alleged unfair commercial practices

Italy probes Google over unfair commercial practices

Italy's antitrust agency has launched an investigation into online search giant Google and its parent company Alphabet over alleged unfair commercial practices involving users' personal data.

Business • 18 Jul 24

The US tech giant is phasing out the use of third-party cookies that advertisers use to track consumers in order to protect consumer privacy.

Alphabet hit with Austrian privacy complaint

Alphabet's Google was hit with a complaint by Austrian advocacy group NOYB today for allegedly tracking users of its Chrome Web browser, an issue already on EU antitrust regulators' radar.

Business • 13 Jun 24

The latest executive change comes at a crucial time for Alphabet.

Alphabet names Eli Lilly veteran Ashkenazi as CFO

Alphabet named Anat Ashkenazi as its chief financial officer today, leaning on the two-decade veteran of drugmaker Eli Lilly to help steer the Google parent in the generative artificial intelligence era.

Business • 05 Jun 24

The lawsuit seeks damages on behalf of publishers of websites and apps based in the United Kingdom.

£13.6bn UK adtech lawsuit against Google can go ahead

Google parent Alphabet must face a lawsuit worth up to 13.6 billion pounds for allegedly abusing its dominance in the online advertising market, London's Competition Appeal Tribunal (CAT) ruled on Wednesday.

Business • 05 Jun 24

Alphabet's shares jumped nearly 16% in after hours trade last night on Wall Street

Google parent Alphabet announces first-ever dividend

Alphabet last night announced its first ever dividend and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Business • 26 Apr 24

Alphabet has met with Morgan Stanley investment bankers in recent days about a potential offer for HubSpot, sources say

Google parent Alphabet weighs offer for HubSpot - sources

Google parent Alphabet has been talking to its advisers about the possibility of making an offer for HubSpot, an online marketing software company with a market value of $32 billion, people familiar with the matter said.

Business • 04 Apr 24

Microsoft claimed that Google's Gemini had an advantage over rivals due to the company's access to data and advanced hardware

Microsoft takes swipe at Google over AI platform

Alphabet unit Google enjoys a competitive edge in generative artificial intelligence due to its trove of data and AI-optimised chips, Microsoft has told EU competition regulators.

Business • 15 Mar 24

Google has outlined changes to search results and new tools for app developers as part of efforts to comply with new EU tech rules seeking to curb Big Tech's power

Google rolls out changes for users, apps developers

Alphabet's Google has today outlined changes to search results and new tools for apps developers to promote their products on third-party apps and rival app stores as part of efforts to comply with landmark EU tech rules seeking to curb Big Tech's power.

Business • 05 Mar 24

With its shares at a record high of $734.96, Nvidia was worth $1.82 trillion in market value on Wall Street yesterday

AI frenzy puts Nvidia ahead of Amazon in market value

Nvidia briefly surpassed Amazon.com in market capitalisation yesterday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable US company.

Business • 13 Feb 24

Alphabet shares fell 6% in after-hours trade last night on Wall Street

Alphabet's Q4 ad revenue disappoints, shares sink 6%

Google owner Alphabet disappointed Wall Street as Christmas-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year.

Business • 31 Jan 24

Google to cut jobs in Assistant, hardware, engineering

Alphabet's Google said it is laying off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs.

Business • 11 Jan 24

Shares of the 'Magnificent Seven' - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla - have soared between around 50% and 240% this year

Can Magnificent 7 trade keep powering US stocks?

As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024 - stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market.

Business • 28 Dec 23