Twitter confirmed on Thursday that it has recorded a bigger than expected decline in the number of active monthly users during the third quarter of 2018. Despite this, Twitter’s ad revenue was up by 29% surpassing Wall Street’s expectations for the period under review.
E.U. authorities in Brussels have fined Google $5.1 billion for abusing its power in the smartphone market. This is a record fine and the search engine giant also ordered to change its practices moving forward.
Starbucks has announced that it’s going “strawless.” The company said that it will begin a process of phasing out plastic straws from all its stores by the year 2020. The strategy will help the Starbucks ditch the over 1 billion straws used in its stores each year.
Canada announced on Sunday a new 25% tariff on assorted US metals products. A 10% tariff on another 250 products such as beer kegs, orange juice, and whiskey was also confirmed. The tariffs are the culmination of increased trade tensions between the US and Canada over the last few months.
President Donald Trump could plunge the U.S. into a trade fight with Europe. The president is racing against a self-imposed deadline to decide whether to permanently exempt the European Union and other six US allies from the tariffs or not.
