MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it runs its online advertising business.
Texas Attorney General Ken Paxton had joined the US Justice Department’s lawsuit against the company in October.
“Google repeatedly used its monopolistic power to control pricing (and) engage in market collusions to rig auctions in a tremendous violation of justice,” Paxton said in a Facebook video.
Google “eliminated its competition and crowned itself the king of online advertising,” he added.
The Texas lawsuit is the fourth in a series of federal and state lawsuits aimed at reining in what is alleged to be bad behaviour by the big tech platforms that have grown from nothing to titans in the past two decades. The lawsuit was filed in the Eastern District of Texas.
The nine states that joined Texas are Arkansas, Indiana, Kentucky, Missouri, Mississippi, South Dakota, North Dakota, Utah and Idaho.
Alphabet shares added slightly to losses to trade down 0.5 per cent on Wednesday afternoon after news of the new lawsuit.
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world9 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena9 hours ago
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
world9 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae9 hours ago
Israel has not yet commented on the explosions
europe9 hours ago
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
economy10 hours ago