Google said on Friday it was postponing a planned online advertising tie-up with Yahoo to allow more time for US anti-trust regulators to consider the ramifications of the deal.
“When we announced our advertising agreement with Yahoo! in June we agreed to delay its implementation until October to give regulators time to look at the details,” Google said in an e-mail statement.
“As we are still in conversation with the Department of Justice we have agreed to a brief delay in implementing the agreement while those discussions continue,” Google said.
The proposed online advertising alliance could be used to show that politicians and regulators blamed for letting financial markets self-destruct are now better watching out for people’s economic interests.
Both California Internet titans have defended the ad pact on Capitol Hill and in online statements.
Microsoft senior vice president and general counsel Brad Smith has openly argued that the tie-up would crimp competition and give Google “unprecedented” control of the gateway to the Internet.
Smith said in July the tie-up would give Google “an unprecedented level of control over advertising for search on the Internet — up to 90 percent potentially of all search ads.”
The result, he said, would be higher prices for advertisers, and “put Google in control of the gateway to the Internet ... raising significant privacy implications.”
HANDOVER POLICY: Approving the probe means that the new US administration of Donald Trump is likely to have the option to impose trade restrictions on China US President Joe Biden’s administration is set to initiate a trade investigation into Chinese semiconductors in the coming days as part of a push to reduce reliance on a technology that US officials believe poses national security risks. The probe could result in tariffs or other measures to restrict imports on older-model semiconductors and the products containing them, including medical devices, vehicles, smartphones and weaponry, people familiar with the matter said. The investigation examining so-called foundational chips could take months to conclude, meaning that any reaction to the findings would be left to the discretion of US president-elect Donald Trump’s incoming team. Biden
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Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. Unlike their mass-produced cousins, the tough garments crafted at the small Momotaro Jeans factory in southwest Japan are designed to be worn for decades, and come with a lifetime repair warranty. On site, Yoshiharu Okamoto gently dips cotton strings into a tub of deep blue liquid, which stains his hands and nails as he repeats the process. The cotton is imported from Zimbabwe, but the natural indigo they use is harvested in Japan —
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