Tag #Price Gouging

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theglobeandmail.com

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Jul 19, 01:14

Los Angeles Sues Airbnb for Alleged Price Gouging During Wildfires

Los Angeles sued Airbnb for allegedly allowing price gouging on over 2,000 properties during January's Southern California wildfires, violating a state law limiting price increases to 10% during emergencies; the city seeks an injunction and fines up to $2,500 per violation.

Los Angeles Sues Airbnb for Alleged Price Gouging During Wildfires

Los Angeles sued Airbnb for allegedly allowing price gouging on over 2,000 properties during January's Southern California wildfires, violating a state law limiting price increases to 10% during emergencies; the city seeks an injunction and fines up to $2,500 per violation.

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How did Airbnb's actions during the emergency contribute to the challenges faced by displaced homeowners in Los Angeles?

Airbnb, holding an estimated 80% market share in Los Angeles, is accused of enabling price gouging despite claiming to have measures in place. The lawsuit alleges that illegal price increases persisted and that Airbnb misrepresented the verification status of hosts and properties. This highlights the challenges of regulating online platforms during emergencies.

elpais.com

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Apr 30, 19:21

Spain Investigates Ride-Hailing Price Gouging After Nationwide Blackout

Spain's Ministry of Social Rights is investigating potential price hikes by ride-hailing services (VTCs) during Monday's nationwide power outage, after user complaints in eight regions under emergency declarations where surge pricing is illegal; companies face fines up to €100,000.

Spain Investigates Ride-Hailing Price Gouging After Nationwide Blackout

Spain's Ministry of Social Rights is investigating potential price hikes by ride-hailing services (VTCs) during Monday's nationwide power outage, after user complaints in eight regions under emergency declarations where surge pricing is illegal; companies face fines up to €100,000.

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What are the potential consequences for ride-hailing companies in Spain that increased prices during the recent nationwide power outage, and what legal basis supports these consequences?

Following a widespread power outage in Spain, the Ministry of Social Rights, Consumption, and 2030 Agenda launched an investigation into potential price gouging by ride-hailing services (VTCs). This follows user complaints in regions under emergency declarations, where dynamic pricing is prohibited. Companies like Uber, Bolt, and Cabify face potential fines up to €100,000 or six times the extra profit.

smh.com.au

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Mar 31, 22:17

Australian Election: Labor and Coalition's Cost-of-Living Policies Face Scrutiny

Australia's election campaign features Labor's plan to legislate against supermarket price-gouging despite a lack of evidence, and the Coalition's gas reservation scheme aiming for lower prices but facing criticism due to past policy failures and unreleased modelling.

Australian Election: Labor and Coalition's Cost-of-Living Policies Face Scrutiny

Australia's election campaign features Labor's plan to legislate against supermarket price-gouging despite a lack of evidence, and the Coalition's gas reservation scheme aiming for lower prices but facing criticism due to past policy failures and unreleased modelling.

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What are the immediate impacts of Labor's proposed supermarket price-gouging legislation given the absence of evidence supporting widespread price gouging?

The Australian election campaign has seen both Labor and Coalition parties announce policies targeting cost of living issues, focusing on supermarkets and gas prices. Labor's proposed legislation to prevent supermarket price-gouging lacks evidence of widespread gouging, as multiple inquiries have found no systematic issue. The Coalition's gas reservation scheme, while aiming to lower prices, overlooks past policy failures and lacks transparency due to unreleased modelling.

elpais.com

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Feb 21, 16:12

Croatian Consumer Boycott Causes 53% Sales Drop, Spreads Across Balkans

In Croatia, a 24-hour boycott organized by the citizen group Halo, Inspektore, on January 24th, led to a 53% drop in sales at major retailers and has since expanded across various sectors and into neighboring Balkan countries, prompting the Croatian government to pass a law ensuring price transparen...

Croatian Consumer Boycott Causes 53% Sales Drop, Spreads Across Balkans

In Croatia, a 24-hour boycott organized by the citizen group Halo, Inspektore, on January 24th, led to a 53% drop in sales at major retailers and has since expanded across various sectors and into neighboring Balkan countries, prompting the Croatian government to pass a law ensuring price transparen...

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What was the immediate impact of the 24-hour boycott on Croatian businesses, and how did this impact spread beyond the initial protest?

In Croatia, a citizen-led boycott targeting high prices resulted in a 53% drop in sales on the first Friday of the protest. The boycott, organized by Halo, Inspektore, expanded to include gas stations, delivery services, and online shopping in subsequent weeks, impacting various sectors. The movement has spread to neighboring Balkan countries, including Serbia, Montenegro, and Bosnia-Herzegovina.

abcnews.go.com

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Jan 24, 07:09

28 Dead, Price Gouging Investigated After California Wildfires

The Palisades and Eaton fires in Los Angeles County have resulted in at least 28 confirmed fatalities, with 17 deaths linked to the Eaton Fire and 11 to the Palisades Fire; the California Attorney General has launched investigations into price gouging targeting fire victims.

28 Dead, Price Gouging Investigated After California Wildfires

The Palisades and Eaton fires in Los Angeles County have resulted in at least 28 confirmed fatalities, with 17 deaths linked to the Eaton Fire and 11 to the Palisades Fire; the California Attorney General has launched investigations into price gouging targeting fire victims.

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How are authorities responding to the reports of price gouging following the devastating wildfires in Southern California?

The devastating wildfires in Los Angeles County have led to a significant loss of life and property. The scale of the fires, combined with reports of price gouging, highlights the widespread impact of these disasters. The Attorney General's investigations into price gouging aim to protect vulnerable victims.

theguardian.com

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Jan 23, 16:14

Woolworths Doubles Brut Deodorant Price Despite Smaller Size

Woolworths is selling a smaller 50g Brut deodorant stick for \$10, double the unit price of the previous 75g \$7 version, highlighting 'shrinkflation' and sparking consumer concerns amidst a cost-of-living crisis and existing accusations of deceptive pricing practices.

Woolworths Doubles Brut Deodorant Price Despite Smaller Size

Woolworths is selling a smaller 50g Brut deodorant stick for \$10, double the unit price of the previous 75g \$7 version, highlighting 'shrinkflation' and sparking consumer concerns amidst a cost-of-living crisis and existing accusations of deceptive pricing practices.

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What regulatory changes or industry practices could be implemented to prevent similar occurrences of shrinkflation and ensure greater transparency for consumers?

The Brut deodorant case reveals a potential trend of supermarkets leveraging shrinkflation to offset rising production costs. The lack of clear in-store notification regarding size changes suggests a need for greater regulation or industry transparency standards to protect consumers. This incident may pressure consumer advocacy groups to push for mandatory labeling changes or price-per-unit displays.

elmundo.es

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Apr 30, 22:13

Spain Investigates VTC Surge Pricing After Nationwide Power Outage

The Spanish Ministry of Social Rights is investigating potential price gouging by VTC companies during a nationwide power outage on Monday, a practice prohibited by a 2024 consumer protection law; Cabify claims it suspended surge pricing.

Spain Investigates VTC Surge Pricing After Nationwide Power Outage

The Spanish Ministry of Social Rights is investigating potential price gouging by VTC companies during a nationwide power outage on Monday, a practice prohibited by a 2024 consumer protection law; Cabify claims it suspended surge pricing.

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What are the immediate consequences of the Spanish government's investigation into potential price gouging by VTC companies during the recent power outage?

Following a nationwide power outage in Spain, the Ministry of Social Rights, Consumption, and 2030 Agenda has launched an investigation into potential price gouging by VTC companies (like Uber and Cabify) in regions that declared a state of emergency. This practice is prohibited by a 2024 consumer protection law, forbidding surge pricing during emergencies. The ministry states that violations could result in fines up to \$100,000 or six times the illicit profit.

t24.com.tr

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Apr 24, 01:16

Turkey to Punish Real Estate Price Gouging After Istanbul Earthquake

Turkey's Trade Ministry announced on April 23, 2025, that it will take strict action against anyone exploiting the Istanbul earthquake by raising real estate prices, actively monitoring online listings and imposing penalties on offenders.

Turkey to Punish Real Estate Price Gouging After Istanbul Earthquake

Turkey's Trade Ministry announced on April 23, 2025, that it will take strict action against anyone exploiting the Istanbul earthquake by raising real estate prices, actively monitoring online listings and imposing penalties on offenders.

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How does the government's response to price gouging reflect broader societal concerns or policy priorities?

The ministry's response highlights the importance of social responsibility during crises. By actively tracking real estate listings and enforcing penalties, the government aims to prevent exploitation and protect citizens affected by the earthquake. This action underscores the government's commitment to consumer protection and fair market practices.

jpost.com

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Mar 12, 16:14

El Al's Record Profits Amidst Israel-Hamas War

In 2024, El Al Airlines reported record profits (4.7 times higher than 2023), a 37% revenue increase (USD 3.4 billion total), and doubled EBITDAR, due to increased demand after foreign airlines canceled flights to Israel during the Israel-Hamas War. This led to a 14% average ticket price increase, d...

El Al's Record Profits Amidst Israel-Hamas War

In 2024, El Al Airlines reported record profits (4.7 times higher than 2023), a 37% revenue increase (USD 3.4 billion total), and doubled EBITDAR, due to increased demand after foreign airlines canceled flights to Israel during the Israel-Hamas War. This led to a 14% average ticket price increase, d...

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How did the Israel-Hamas War impact El Al's financial performance in 2024, and what are the immediate consequences?

El Al, Israel's national airline, reported record-breaking profits in 2024, reaching 4.7 times the 2023 level. This surge is attributed to increased demand following the Israel-Hamas War, as foreign carriers canceled flights, leaving El Al with near-monopoly control. Revenue grew by 37%, reaching USD 3.4 billion, with a 26% rise in Q4 revenue.

npr.org

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Jan 25, 04:08

LA Wildfires Expose Housing Crisis as Landlords Face Price-Gouging Charges

Following the January 7th Los Angeles wildfires, landlords illegally raised rents by 30-130%, violating California's price-gouging law; tenant organizer Chelsea Kirk's online spreadsheet documenting these increases prompted investigations and legal action against 500 landlords and one realtor.

LA Wildfires Expose Housing Crisis as Landlords Face Price-Gouging Charges

Following the January 7th Los Angeles wildfires, landlords illegally raised rents by 30-130%, violating California's price-gouging law; tenant organizer Chelsea Kirk's online spreadsheet documenting these increases prompted investigations and legal action against 500 landlords and one realtor.

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How did the actions of a tenant organizer and volunteers contribute to addressing the issue of price gouging in the aftermath of the wildfires?

The surge in rent prices after the wildfires highlights the pre-existing housing crisis in Los Angeles. The compiled evidence suggests widespread exploitation of vulnerable wildfire victims, exceeding the legally permitted 10% increase. This underscores the need for stronger enforcement of existing regulations and potentially more robust protections for renters during emergencies.

abcnews.go.com

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Jan 23, 01:10

Price Gouging Charges Filed Amid Southern California Wildfires

California Attorney General Rob Bonta charged a real estate agent with price gouging after a 38% rent increase for fire victims, exceeding the legal limit; over 500 warning letters were issued for similar violations during the ongoing Southern California wildfires, resulting in at least 28 deaths an...

Price Gouging Charges Filed Amid Southern California Wildfires

California Attorney General Rob Bonta charged a real estate agent with price gouging after a 38% rent increase for fire victims, exceeding the legal limit; over 500 warning letters were issued for similar violations during the ongoing Southern California wildfires, resulting in at least 28 deaths an...

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What immediate actions are being taken to address the widespread price gouging affecting victims of the Southern California wildfires?

California Attorney General Rob Bonta filed price gouging charges against a real estate agent who increased rent by 38% for a couple displaced by the Los Angeles Eaton Fire, exceeding the 10% legal limit. Over 500 warning letters have been issued to hotels and landlords for similar violations amidst the ongoing wildfires.

dw.com

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Jan 21, 16:11

North Macedonia: Minimum Living Costs Rise Despite Government Price Controls

The minimum living cost for a four-member family in North Macedonia increased by 391 denars in January 2024, reaching 63,252 denars, despite a government initiative to lower prices; the Trade Union of Macedonia (SSM) claims this indicates inflation is above 10 percent, far exceeding the official rat...

North Macedonia: Minimum Living Costs Rise Despite Government Price Controls

The minimum living cost for a four-member family in North Macedonia increased by 391 denars in January 2024, reaching 63,252 denars, despite a government initiative to lower prices; the Trade Union of Macedonia (SSM) claims this indicates inflation is above 10 percent, far exceeding the official rat...

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How do the price changes of essential goods, such as wheat and bread, reflect the effectiveness of the government's intervention to control inflation?

The 10.65 percent year-over-year increase in the minimum cost of living basket, totaling 6,089 denars, contradicts the official inflation rate of 3.5 percent. The Trade Union of Macedonia (SSM) argues that the actual inflation is above 10 percent, citing continued high prices despite falling global commodity prices like wheat.

Showing 1 to 12 of 19 results