Tag #Antitrust

zeit.de
🌐 75% Global Worthiness
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Court Reduces Cartel Fine Against Otto Fuchs to 30 Million Euros

The Düsseldorf Higher Regional Court significantly reduced a 145 million euro cartel fine against aluminum forging company Otto Fuchs to 30 million euros, following an appeal of a 2020 Federal Cartel Office decision, citing the limited impact of the information exchange.

Progress

40% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Co-op Admits to Over 100 Competition Rule Breaches

The UK's Co-op supermarket chain admitted to over 100 breaches of a 2010 competition rule prohibiting the use of restrictive clauses to block rival supermarkets from opening nearby, resulting in the rewriting of 104 agreements and the resolution of four more by the Competition and Markets Authority ...

Progress

36% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Greece Implements New Supermarket Pricing Code

Starting March 6th, a new code of conduct in Greece will regulate supermarket pricing, requiring a 30-day price reference for discounts and limiting long-term multi-buy promotions to prevent misleading practices, with inspections beginning March 17th.

Progress

20% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Judge Rejects Fragrance Makers' Bid to Dismiss Price-Fixing Lawsuits

A New Jersey judge ruled that four major fragrance companies—Givaudan, Firmenich, International Flavors & Fragrances, and Symrise—must face lawsuits alleging they conspired to inflate prices of fragrance ingredients, impacting consumers and companies, following a 2023 EU antitrust investigation into...

Progress

32% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Canada Investigates AI-Driven Algorithmic Pricing in Rental Market

Canada's Competition Bureau is investigating AI-driven algorithmic pricing in real estate rentals following an American antitrust lawsuit alleging collusion and rent inflation by companies using RealPage's YieldStar platform; the investigation was prompted by the NDP and a motion by B.C. NDP MP Boni...

Progress

40% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Spanish Court Allows Full Investigation into Apple's App Store Practices

A Spanish court rejected Apple's attempt to block a competition investigation into its App Store, allowing the CNMC to proceed with its probe into potential abuse of dominance. If found guilty, Apple could face a fine of up to 10% of its global turnover.

Progress

40% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Co-op Admits to 107 Competition Breaches, Hindering Rival Supermarkets

The Co-op supermarket chain admitted to 107 breaches of a UK competition order that prevents supermarkets from blocking rivals from opening nearby locations across England, Scotland and Wales, impacting consumer choice and potentially leading to higher prices for shoppers.

Progress

44% Bias Score

Reduced Inequality
faz.net
🌐 75% Global Worthiness
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Condor Resumes Domestic German Flights, Challenging Lufthansa

Condor airline launched two new domestic German flight routes from Frankfurt to Berlin and Hamburg, starting this month, using fuel-efficient Airbus A320neo and A321neo planes, impacting a legal dispute with Lufthansa over discounted connecting flights.

Progress

40% Bias Score

Climate Action
forbes.com
🌐 85% Global Worthiness
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Antitrust Reform Crucial for Reviving Western Economic Growth

Slow economic growth in the U.S. and EU is linked to market distortions; reforms including recalibrating antitrust laws to promote competition and innovation are needed to boost competitiveness, as illustrated by the EU's new policy direction.

Progress

40% Bias Score

Decent Work and Economic Growth
pt.euronews.com
🌐 75% Global Worthiness
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EU Ombudsman Investigates Former Official's Move to Microsoft

The European Ombudsman is investigating former EU antitrust official Nicholas Banasevic's move to Microsoft after NGOs alleged misuse of confidential information, following his 2022-2024 roles at Gibson Dunn and Microsoft; the Commission approved the transition, but the Ombudsman requested documents...

Progress

40% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Greek Construction Giants Secure €1.35 Billion in Thessaly Reconstruction Contracts

Greek construction giants won €1.35 billion in Thessaly reconstruction contracts, prompting legal challenges from smaller firms, most of which have been rejected, potentially delaying the project.

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
cnbc.com
🌐 90% Global Worthiness
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Musk Bids $97.4 Billion for OpenAI

Elon Musk and a group of investors offered $97.4 billion to buy OpenAI, the nonprofit behind ChatGPT, on Monday, aiming to return it to its open-source roots, but OpenAI CEO Sam Altman rejected the offer, prompting a public feud between the two.

Progress

56% Bias Score

Reduced Inequality