Google faces first major probe under UK's tough new antitrust rules

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  UK should back tough Trump sanctions on Iran, report says

  Former top UK official believes intensifying economic pressure on Tehran would erode internal support for regime. The UK should back Donald Trump’s expected maximum economic sanctions against Iran ...
  
  The Guardian - 2d

• Memories of rosy Christmas fade as UK retailers brace for tough 2025

  Groups including Sainsbury’s, Next and M&S warn of higher prices and weaker demand as costs and inflation rise
  
  Financial Times - 4d
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  UK police face probe into handling of sex crimes allegations against Harrods owner Al Fayed

  U.K. police watchdogs will investigate whether the London force bungled its handling of sex crimes allegations against Mohamed Al Fayed
  
  ABC News - 6d
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  Heads say they face tough choices on school spending as costs rise

  A new report says schools in England may have to make cuts to meet pupils' needs and cover pay rises.
  
  BBC News - 6d

• UK officials recommend probe into Houchen’s Teesworks project

  Regeneration scheme should be investigated over value-for-money concerns, deputy prime minister Angela Rayner told
  
  Financial Times - Jan. 7
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  Johnson faces tough road on Trump agenda after dramatic Speaker vote

  Speaker Mike Johnson (R-La.) kept his gavel amid a threat from the right flank of the House GOP, but managing the House GOP is not going to get any easier from here. The dramatic Friday Speaker ...
  
  The Hill - Jan. 4
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  New Senate Majority Leader Thune: Speaker Johnson has 'really tough job' with slim majority

  New Senate Majority Leader John Thune (R-S.D.) tells Kristen Welker he is confident he and Speaker Mike Johnson (R-La.) will have a “strong working relationship” and hopes the GOP-controlled ...
  
  NBC News - Jan. 3

• Google’s antitrust woes spark analyst downgrade of Alphabet’s stock

  JMP Securities cited “the risk of antitrust penalties that could significantly impact Google’s U.S. distribution of search and search revenue.”
  
  MarketWatch - Jan. 3
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  WeChat, TikTok First to Secure Licenses Under Malaysia's New Social-Media Rules

  The two Chinese technology companies had each obtained licenses under requirements for internet- messaging and social-media companies unveiled last year.
  
  The Wall Street Journal - Jan. 2

More from CNBC

• Meta announces 5% cuts in preparation for 'intense year' — read the internal memo

  Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.
  
  CNBC - 4h

• Intel to spin off venture capital arm as chipmaker continues to restructure

  Intel said on Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm
  
  CNBC - 25m

• Budget deficit rose in December and is now 40% higher than it was a year ago

  For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a year prior.
  
  CNBC - 2h

• Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says

  Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company seeks ways to reel in expenses.
  
  CNBC - 22m

• Trump says he'll create 'External Revenue Service' to collect tariffs, foreign revenue

  President-elect Donald Trump has reportedly contemplated declaring a national economic emergency to implement tariffs.
  
  CNBC - 28m

More in Business

• Bond ETFs are down in 2025 ahead of highly anticipated U.S. inflation data

  The U.S. bond market is broadly down so far this year, with funds that provide exposure to fixed-income assets hurt by a recent rapid ascent in Treasury yields.
  
  MarketWatch - 7m

• Bond ETFs are down in 2025 ahead of highly anticipated U.S. inflation data

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  MarketWatch - 7m

• Mark Wiedman, a top BlackRock exec thought to be Fink's successor, is leaving the company

  Wiedman, head of the global client business, was instrumental in driving BlackRock's growth in passive investing.
  
  CNBC - 12m
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  This Founder Is Hustling to Turn LA’s Swimming Pools Into Fire Hydrants

  As demand triples, Brushfire Battle Systems is scrambling to fill orders.
  
  Inc. - 15m
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  This Founder Is Hustling to Turn LA’s Swimming Pools Into Fire Hydrants

  As demand triples, Brushfire Battle Systems is scrambling to fill orders.
  
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