Results are out for Apple, Amazon and Google parent company Alphabet. Apple and Amazon both enjoyed record quarterly profits. At first glance Alphabet's bottom line looked much less rosy - it with a net loss of 3 billion dollars.
A survey of the world's largest public companies has shown that global spending on research and development has risen again this year. But those with the largest budget are not necessarily the most innovative firms.
From a humble beginning in Stanford dorm rooms, Google has emerged as one of the biggest internet successes. But growing competition, overreliance on ad revenues and privacy concerns pose new challenges for the company.
Alphabet Inc has brushed off a €4.3 billion fine from the EU, reporting a 26 percent jump in second-quarter revenue. Its shares climbed more than 5 percent on news of stronger than expected ad sales.
US President Trump took to Twitter and accused Google's search engine of promoting negative articles and hiding "fair media" coverage about him. Google has denied that its search engine has a political bias.
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