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US consumer credit rises $25.5B in July: Fed

ISTANBUL: US consumer credit rose around $25.5 billion in July compared to the previous month to reach almost $5.1 trillion, the Federal Reserve said Monday.

The figure came in much higher than market expectations of a $12.3 billion increase.

Consum…

Google fined, investigated by EU, US for monopolistic practices

ISTANBUL: Google is on trial in the US for monopolizing digital advertising, while on Tuesday the search engine was fined in Europe for exploiting market dominance in search results.

Google generated 77% of its revenue from ads last year, reaching $2…