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Spain competition watchdog opens Google probe

Spain's competition watchdog has launched an investigation into Google for alleged anti-competitive practices affecting news agencies and press publications.

The probe seeks to determine if Google and its parent company Alphabet abused their "dominant position" in the Spanish market, competition watchdog CNMC said in a statement late on March 28.

Meta axes another 10,000 jobs in new round of cuts

Facebook owner Meta announced a fresh wave of job cuts on March 14, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the U.S. tech sector continues to downsize.

In an email to employees, Zuckerberg said Meta would shed 10,000 jobs over the next few months, targeting middle management, and that 5,000 other roles would remain unfilled.

Walmart lifts wages at US stores again

Walmart announced on Jan. 24 it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector.

The retail giant, the biggest private employer in the United States, is boosting the pay range at U.S. stores to between $14 and $19 an hour from the prior $12 to $18 an hour.

US sues Google over dominance of online ad market

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The U.S. Justice Department sued Google on Jan. 24 for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant.

The federal antitrust suit accused Google of unlawfully maintaining a monopoly that had "corrupted legitimate competition in the ad tech industry."

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