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Now its time for World Business report. Hit by the eu profits fall at googles Parent Company alphabet, after a huge fine levvied by the european union. And bitcoin whats it for . Well, now you can use the cryptocurrency to pay for art. All will be explained. Welcome to World Business report. Im rachel horne. In a minute sharanjit will tell us how sk hynix increased its profits by more than 500 . Three of the worlds most valuable Internet Firms release their latest numbers this week. The biggest by far is googles alphabet, which has just reported a 21 jump in revenues. That was better than expected but there was less cheer on the when it came to earnings. Net profit fell 27. 7 to 3. 5 billion. Hitting the bottom line was a 2. 7 billion fine issued by the
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