Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Google hit with new EU antitrust complaint

Published

on

A Danish online job-search rival has filed an antitrust complaint against Google with EU regulators, alleging the online search giant had allegedly used its market power to push its own service, Google for Jobs

Google was hit with a new antitrust complaint on Monday (June 27), filed to EU regulators by a Danish online job-search rival.

Jobindex alleges the Alphabet unit has used its market power to favour its own job search service.

Google for Jobs launched in Europe in 2018 and triggered criticism from 23 online job-search websites, including Jobindex, the following year.

The latest complaint could accelerate EU antitrust chief Margrethe Vestager’s scrutiny of Google For Jobs three years after it first came under her microscope.

The European Commission and Google did not immediately respond to requests for comment.

Vestager has fined Google more than $8.4 billion in recent years for various anti-competitive practices. Google has previously said it made changes in Europe after complaints from online job-search rivals.

Jobindex founder and CEO Kaare Danielsen said his company had built up the largest jobs database in Denmark by the time Google for Jobs entered the local market last year. But he said it soon lost 20% of search traffic to Google.

He said Google wasn’t just stifling competition, but also harming labor markets.

Jobindex said it had seen examples of free-riding, with some of its own job ads copied without its permission.

Continue Reading

Money

Tech giants drive global mega-cap surge amid inflation relief

Published

on

Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

Continue Reading

Money

Real reason bosses want employers back in the office

Published

on

As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

 
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

Continue Reading

Money

Businesses cash in on Black Friday sales

Published

on

Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

 
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company