July 2, 2026

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Google Loses EU Top Court Fight Over $4.7 Billion Android Fine

Google lost its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc’s top judges said regulators were right to punish the U.S. giant for abusing Android’s market power. The European Court of Justice ruled …

Flood Re to Cut Insurance Payouts to Richest UK Households

The U.K.’s flood insurer of last resort is unfairly favoring wealthier households and will be reformed to reduce the burden of multimillion-pound payouts, the government said Wednesday. As part of the changes, Flood Re will lower the premiums it charges …

Changes in Policy Language, Provisions Suppressing Claim Volume, Report Shows

U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, a new report shows. What’s driving the trends isn’t the weather. Changes in policy language and policy provisions …

US Decides Against Renewing USMCA, Shifting to Rolling Talks

The U.S. won’t renew its trade deal with Canada and Mexico, choosing instead to conduct annual reviews of the pact in a decision that risks adding uncertainty for companies producing goods across North America. The U.S.-Mexico-Canada Agreement, or USMCA, will …

AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed

About three months after it detected suspicious activity within its network systems, AssuranceAmerica has started alerting consumers. The Atlanta-based managing general agency with about 9,500 agents selling personal auto, renters, and commercial auto policies in 14 states, said on March …

Swedish Court Orders Google to Pay $1.5B to Klarna in Antitrust Damages

A Swedish court on Wednesday ordered Alphabet’s Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by payments platform Klarna, for favoring its own shopping service in search results. The award, equivalent to around …

Alibaba Paying $600 Million to Resolve US Drug Sales Probe

Chinese technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the U.S. Justice Department said on Wednesday. The companies entered into non-prosecution …