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Real-time News
On April 16th, the European Union proposed measures requiring Google (GOOG.O) to open its search data to competitors, including AI chatbots, in an effort to curb the influence of the US tech giant. The European Commission stated on Thursday that it had sent preliminary findings to Googles parent company, Alphabet, demanding compliance with the Digital Markets Act by the end of July. The proposed measures would allow third-party search engines access to ranking and query data to "optimize their services and compete with Google Search." If approved, the data could be made available to companies like OpenAI and Anthropic. Googles senior competition counsel, Claire Kelly, responded that Google would "defend itself against overstepping its authority," arguing that the move "jeopardizes privacy and security." The EU launched a review in January. Furthermore, Google also faces penalties under the Digital Markets Act for favoring internal services and restricting app developers.European Central Bank meeting minutes: European Central Bank officials said the war has fundamentally altered the inflation outlook.European Central Bank meeting minutes: European Central Bank officials believe that market inflation expectations are generally stable in the medium term.ECB meeting minutes: We must closely monitor signs of excessive second-order effects and any indication that medium- to long-term inflation expectations may be spiraling out of control.European Central Bank meeting minutes: European Central Bank officials believe that energy supply disruptions could last for months.
