Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
South Korea will scrap an intelligence-sharing pact with Japan amid an intensifying dispute over history and trade, South Korea's presidential office said on Thursday.Asia Politicsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Google has appealed a $1.7 billion fine from the European Commission for stifling competition in the online advertising industry, the company said Wednesday.
In March, the executive arm of the European Union slapped Google with its third antitrust fine, this time for abusing its dominance in the online advertising market through its AdSense business. The EU said Google's practice of restricting online search advertisements from competitors was "illegal" under the bloc's antitrust rules.
The Telegraph first reported that Google had filed an appeal for the latest fine in the General Court of the European Union in Brussels on Tuesday. Google confirmed the action in an email to CNBC Wednesday.
A European Commission spokesperson told CNBC: "The Commission will defend its decision in Court."
Since 2017, the EU has charged Google with two other fines totaling nearly $8 billion for anti-competitive practices with its Android devices and comparison shopping service, which the company also appealed.
Google is facing mounting regulatory pressure around the globe with the U.S. Justice Department reportedly planning an antitrust investigation into Google related to business practices in its search and other businesses.
Shares of Google parent company Alphabet have tumbled around 5% since the news was first reported last Friday by the Wall Street Journal. Alphabet shares traded slightly higher in extended hours Wednesday.