Alphabet reports £80bn profit for 2024 but faces Chinese antitrust probe and tariff retaliation.

Alphabet, parent company of Google, reported a £80bn profit in 2024, up from £59bn in 2023, with sales reaching £280bn. However, shares fell 7% after Q4 sales missed expectations. Google faces a Chinese antitrust probe amid the US-China trade war, which also led China to impose retaliatory tariffs on US goods. China's move follows similar investigations into US tech firms like Nvidia and Intel.

1 month ago
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