Tag #Antitrust

Showing 49 to 60 of 154 results

dw.com

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Mar 18, 16:10

German Court Upholds Apple's Designation as Company of Paramount Significance for Competition

Germany's Federal Court of Justice ruled that Apple is a company of paramount significance for competition, upholding a 2023 decision by the Federal Cartel Office and enabling stricter oversight of its business practices for five years.

German Court Upholds Apple's Designation as Company of Paramount Significance for Competition

Germany's Federal Court of Justice ruled that Apple is a company of paramount significance for competition, upholding a 2023 decision by the Federal Cartel Office and enabling stricter oversight of its business practices for five years.

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How does this ruling reflect the evolving legal framework for regulating the power of large digital companies in Germany?

This decision stems from a 2021 amendment to German competition law, enabling stricter oversight of large digital companies. The court found that Apple's potential for anti-competitive behavior, particularly concerning its App Store and data access, justifies heightened scrutiny, even without evidence of current harm.

mk.ru

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Mar 18, 16:10

FAS Investigates Russian Food Prices Amidst Inflation

The Russian Federal Antimonopoly Service (FAS) will investigate pricing practices across 29 food categories, including essential goods, following previous unsuccessful attempts to control inflation through voluntary retail mark-up agreements; the FAS is seeking February's average purchase and retail...

FAS Investigates Russian Food Prices Amidst Inflation

The Russian Federal Antimonopoly Service (FAS) will investigate pricing practices across 29 food categories, including essential goods, following previous unsuccessful attempts to control inflation through voluntary retail mark-up agreements; the FAS is seeking February's average purchase and retail...

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Zero Hunger

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What is the immediate impact of the FAS investigation into food pricing on Russian consumers?

The Russian Federal Antimonopoly Service (FAS) will analyze 29 food categories, including essential goods and items like tomatoes, cucumbers, pasta, and cheeses, to investigate pricing practices. The FAS has requested February's average purchase and retail prices. Unfair practices will result in antimonopoly measures.

english.kyodonews.net

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Mar 13, 10:11

Couche-Tard's Friendly Takeover Bid for Seven & i Holdings Faces Antitrust Concerns

Alimentation Couche-Tard's friendly takeover bid for Seven & i Holdings, owner of 7-Eleven, faces US regulatory hurdles but proceeds despite resistance from the Japanese company, which recently appointed a new CEO and initiated a share buyback and asset sales to increase corporate value.

Couche-Tard's Friendly Takeover Bid for Seven & i Holdings Faces Antitrust Concerns

Alimentation Couche-Tard's friendly takeover bid for Seven & i Holdings, owner of 7-Eleven, faces US regulatory hurdles but proceeds despite resistance from the Japanese company, which recently appointed a new CEO and initiated a share buyback and asset sales to increase corporate value.

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Decent Work and Economic Growth

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What are the immediate implications of Couche-Tard's pursuit of Seven & i Holdings for the global convenience store industry?

Alimentation Couche-Tard Inc., the parent company of Circle K, expressed its intent to acquire Seven & i Holdings Co., the owner of 7-Eleven, in a friendly manner, despite facing antitrust concerns in the US. Couche-Tard emphasized its commitment to the deal, highlighting the potential synergy between the two companies and its experience navigating US regulations. They also assured Japanese 7-Eleven store owners that no store closures or job losses are planned.

nbcnews.com

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Mar 12, 22:14

FTC Seeks Trial Delay in Amazon Prime Lawsuit Due to Staff Shortages

The FTC asked a Seattle judge to delay its trial against Amazon for allegedly misleading Prime customers due to agency-wide staff shortages and budget cuts resulting from the Department of Government Efficiency's actions, while Amazon opposes the delay.

FTC Seeks Trial Delay in Amazon Prime Lawsuit Due to Staff Shortages

The FTC asked a Seattle judge to delay its trial against Amazon for allegedly misleading Prime customers due to agency-wide staff shortages and budget cuts resulting from the Department of Government Efficiency's actions, while Amazon opposes the delay.

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What is the immediate impact of the FTC's request to delay its antitrust lawsuit against Amazon, and what are the implications for consumers?

The FTC requested a two-month delay in its trial against Amazon for allegedly misleading Prime customers into subscriptions, citing staff shortages and budget cuts stemming from the Department of Government Efficiency's workforce reduction. Judge Chun expressed skepticism but did not immediately rule on the request. This delay impacts the September 22nd trial start date.

gr.euronews.com

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Mar 7, 22:09

EU Rebuts US Claims of Anti-American Bias in Digital Markets Act

The EU's Digital Markets Act (DMA) has designated seven companies, including five US firms, as 'gatekeepers' prompting a US Congressional inquiry, which EU officials responded to by clarifying the DMA's goal is to foster fairer competition, not to target specific companies.

EU Rebuts US Claims of Anti-American Bias in Digital Markets Act

The EU's Digital Markets Act (DMA) has designated seven companies, including five US firms, as 'gatekeepers' prompting a US Congressional inquiry, which EU officials responded to by clarifying the DMA's goal is to foster fairer competition, not to target specific companies.

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How does the EU's Digital Markets Act (DMA) impact American technology companies, and what are the immediate consequences of its enforcement?

The EU's Digital Markets Act (DMA) has designated seven companies as 'gatekeepers', including US firms Alphabet, Amazon, Apple, Meta, and Microsoft, as well as ByteDance (China) and Booking.com (Netherlands). This designation triggers obligations to ensure fair competition; it is not inherently targeted at American companies, as confirmed by EU officials in a letter to the US Congress.

elmundo.es

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Mar 7, 19:11

Spanish Court Suspends €413.2 Million Fine Against Booking.com

The Spanish National Court temporarily suspended a €413.2 million fine against Booking.com for alleged anti-competitive practices, including imposing unfair conditions on hotels and restricting competition from other online agencies, following a 2021 complaint from Spanish hotel associations; the co...

Spanish Court Suspends €413.2 Million Fine Against Booking.com

The Spanish National Court temporarily suspended a €413.2 million fine against Booking.com for alleged anti-competitive practices, including imposing unfair conditions on hotels and restricting competition from other online agencies, following a 2021 complaint from Spanish hotel associations; the co...

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What specific anti-competitive practices did the CNMC accuse Booking.com of, and what evidence supported these accusations?

The CNMC levied the fine, divided into two €206.6 million infractions, due to Booking.com's alleged anti-competitive practices. These include imposing unfair commercial conditions on Spanish hotels and restricting competition from other online travel agencies. The fine follows complaints from Spanish hotel associations in 2021.

welt.de

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Mar 18, 07:16

German Court to Rule on Apple's Market Significance

Germany's Federal Court of Justice will decide Tuesday whether Apple holds overarching market significance, a classification that would subject the company to stricter antitrust scrutiny following a 2023 ruling by the Federal Cartel Office. Apple appealed the decision.

German Court to Rule on Apple's Market Significance

Germany's Federal Court of Justice will decide Tuesday whether Apple holds overarching market significance, a classification that would subject the company to stricter antitrust scrutiny following a 2023 ruling by the Federal Cartel Office. Apple appealed the decision.

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What are the immediate consequences if the BGH rules that Apple holds overarching market significance?

The German Federal Court of Justice (BGH) will decide on Tuesday whether Apple holds overarching market significance, a designation the Federal Cartel Office (Bundeskartellamt) affirmed in 2023. This classification subjects Apple to stricter antitrust oversight. Apple appealed this decision, and the BGH's Cartel Senate will issue a final ruling.

theguardian.com

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Mar 17, 22:12

UK Government Seeks CMA Regulatory Overhaul

The UK government is seeking to reform the Competition and Markets Authority (CMA), potentially altering its merger assessment criteria to accelerate decision-making and promote economic growth, with unclear implications for consumer protection.

UK Government Seeks CMA Regulatory Overhaul

The UK government is seeking to reform the Competition and Markets Authority (CMA), potentially altering its merger assessment criteria to accelerate decision-making and promote economic growth, with unclear implications for consumer protection.

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What specific changes to the CMA's merger assessment criteria are proposed, and what are their immediate implications for businesses and consumers?

The UK government is pushing for regulatory changes to the Competition and Markets Authority (CMA), aiming to accelerate decision-making and potentially alter the definition of "anticompetitive" behavior. This involves modifying the criteria used to assess mergers and acquisitions, potentially allowing more deals to proceed. The CMA's chief executive, Sarah Cardell, emphasizes faster decision-making, but the precise implications remain unclear.

cbsnews.com

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Mar 13, 16:12

FTC Seeks Delay in Amazon Prime Lawsuit Due to Staffing Shortages

The Federal Trade Commission (FTC) requested a delay in its September trial against Amazon due to severe staffing shortages and budgetary constraints resulting from federal government cuts and employee departures, prompting opposition from Amazon.

FTC Seeks Delay in Amazon Prime Lawsuit Due to Staffing Shortages

The Federal Trade Commission (FTC) requested a delay in its September trial against Amazon due to severe staffing shortages and budgetary constraints resulting from federal government cuts and employee departures, prompting opposition from Amazon.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the FTC's request for a trial delay in its case against Amazon?

The FTC requested a trial delay in its case against Amazon due to severe staffing and budgetary challenges caused by government cuts and employee departures. The trial, initially set for September, could be postponed by a couple of months. This impacts Amazon, which has been eager to resolve the case.

abcnews.go.com

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Mar 12, 22:14

FTC Seeks Trial Delay in Amazon Prime Case Amidst Staff Shortages

The Federal Trade Commission (FTC) asked a federal judge to postpone its September trial against Amazon due to severe staff shortages and budget constraints stemming from recent government cuts and resignations following Elon Musk's January email.

FTC Seeks Trial Delay in Amazon Prime Case Amidst Staff Shortages

The Federal Trade Commission (FTC) asked a federal judge to postpone its September trial against Amazon due to severe staff shortages and budget constraints stemming from recent government cuts and resignations following Elon Musk's January email.

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What immediate impact will the FTC's staffing and budget issues have on the progress of the lawsuit against Amazon?

The FTC requested a trial delay in its case against Amazon due to severe staff shortages and budget cuts, impacting their ability to prepare adequately. The September trial date may be postponed by a couple of months. This affects the FTC's ability to meet deadlines and prepare for trial.

politico.eu

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Mar 7, 07:10

EU Rebuts U.S. Claims: Digital Markets Act Not Targeting American Tech

The European Commission sent a letter to a U.S. congressman asserting that the EU's Digital Markets Act (DMA) is designed to prevent monopolization and is not targeted at U.S. companies, despite ongoing investigations into Apple, Meta, and Google. This follows complaints from U.S. President Trump an...

EU Rebuts U.S. Claims: Digital Markets Act Not Targeting American Tech

The European Commission sent a letter to a U.S. congressman asserting that the EU's Digital Markets Act (DMA) is designed to prevent monopolization and is not targeted at U.S. companies, despite ongoing investigations into Apple, Meta, and Google. This follows complaints from U.S. President Trump an...

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What are the primary goals of the EU's Digital Markets Act, and what immediate consequences are expected for tech companies?

The EU's Digital Markets Act (DMA) aims to ensure compliance with competition rules, not to specifically target U.S. companies, according to a letter from the European Commission to a U.S. congressman. The Commission stressed that the DMA is intended to prevent monopolization and benefit companies regardless of nationality. Apple, Meta, and Google are currently under investigation for DMA compliance.

zeit.de

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Mar 5, 19:13

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.

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.

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How did the court's assessment of the nature and impact of the information exchange affect the final penalty imposed on Otto Fuchs?

The court found that Otto Fuchs representatives engaged in years of illegal information exchange regarding cost and price components with aluminum manufacturers, impacting automotive suppliers and manufacturers. The reduced fine reflects the court's assessment that the exchanged information was often non-specific and affected a small cost percentage, limiting profit/loss potential despite high turnover.

Showing 49 to 60 of 154 results