The daily business briefing: June 7, 2021

Google reaches antitrust settlement with French regulators, Yellen says higher interest rates could be "a good thing," and more

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1. Google settles antitrust case with French regulators

Google has agreed to pay a fine of nearly $270 million under an antitrust settlement with French regulators, France's competition authority said Monday. One thing French regulators alleged was that Google's advertising server gave its online ad auction house unfair advantages in advertising auctions, including providing information on rival bids. Under the deal, Google also has made a three-year, binding commitment to make it easier for competitors to use its online-ad tools. Google did not immediately comment on the settlement, although it has said that advertising technology works with competitors' products. The commitments made by Alphabet Inc's Google only apply in France, but they could serve as a template for resolving similar complaints in other countries, The Wall Street Journal reported.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.