SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

12:32 PM EDT, 08/14/2025 (MT Newswires) -- Philips (PHG) said Thursday it plans to invest more than $150 million in US manufacturing and research and development. The investment includes the expansion of its Reedsville, Pennsylvania, site and the expansion of its Image Guided Therapy facility in Plymouth, Minnesota, the company said. The Reedsville manufacturing facility produces AI-enabled ultrasound systems for...

12:34 PM EDT, 08/14/2025 (MT Newswires) -- FedEx ( FDX ) , United Parcel Service ( UPS ) , DHL, and Aramex executives in India are facing fresh scrutiny by the Federation of Indian Publishers in an antitrust probe related to alleged price collusion by delivery companies, Reuters reported Thursday, citing an internal Competition Commission of India document. The companies...

BANGALORE/DUBAI, Aug 14 (Reuters) - Saudi Arabia's almost $1 trillion sovereign wealth fund sold its stakes in several U.S.-listed companies - including Meta, Shopify ( SHOP ) and PayPal ( PYPL ) - in the second quarter, according to securities filings released on Thursday. The Public Investment Fund also sold its stakes in Alibaba Group ( BABA ), Nu Holdings...