Tag #Antitrust

Showing 85 to 96 of 186 results

english.kyodonews.net

🌐 85% Global Worthiness

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.

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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Peace, Justice, and Strong Institutions

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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.

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.

theguardian.com

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Mar 5, 16:13

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 ...

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 ...

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How did the Co-op's actions affect competition among supermarkets and impact consumers' ability to obtain the best deals?

These breaches involved restrictive clauses in land agreements, preventing competitors from establishing stores near Co-op outlets—a practice aimed at controlling competition and hindering shoppers from accessing better deals. This action by the CMA reflects a broader effort to enforce the 2010 rule against land banking and restrictive agreements within the grocery industry. The Co-op's actions, though rectified, represent a considerable failure in compliance and underscore the CMA's commitment to promoting fair competition.

faz.net

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Mar 4, 10:13

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.

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.

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Climate Action

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What is the significance of Condor's resumption of domestic flights in Germany after a long hiatus?

Condor, a German airline, has resumed domestic flights within Germany for the first time in years, offering two new routes from Frankfurt to Berlin and Hamburg. Flights operate twice daily, and the airline aims to expand beyond holiday flights. Tickets are available in both business and economy classes.

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.

nbcnews.com

🌐 75% Global Worthiness

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.

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.

bbc.com

🌐 75% Global Worthiness

Mar 5, 16:13

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.

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.

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What broader trends or systemic issues within the UK grocery market does the Co-op's case highlight, and how do these affect consumer choice and pricing?

The Co-op's actions, along with similar breaches by other major UK supermarkets, highlight systemic issues within the grocery market. The CMA's findings demonstrate how restrictive agreements limit competition, ultimately affecting consumers' ability to access affordable groceries. The 107 violations represent a significant breach, exceeding those of other major supermarkets like Morrisons (55 breaches).

zeit.de

🌐 75% Global Worthiness

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.

kathimerini.gr

🌐 75% Global Worthiness

Mar 3, 13:11

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.

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.

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What immediate impact will the new code of conduct have on Greek consumers purchasing essential goods?

A new code of conduct for promotional offers and discounts on essential goods in Greek supermarkets will be implemented starting in March, aiming to eliminate misleading practices. This European directive, already adopted by most EU countries, focuses on clear communication of price reductions, using the lowest price from the past 30 days as a reference point.

Showing 85 to 96 of 186 results