Latest News for: Antitrust global

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Viewpoint: Breaking up Big Tech will hurt competitiveness

Times Union 21 Oct 2021
Unfortunately, talk of breaking up technology platforms and radically rewriting antitrust law dominates Washington ... For decades, antitrust jurisprudence has focused on consumer welfare ... They allow students to access classes and employees to do their jobs, all amid a global pandemic.
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China's billionaire Jack Ma on first trip abroad after crackdown on Alibaba

The Times of India 20 Oct 2021
Alibaba went through a stormy 2020, with Ma being summoned by national regulators after he likened traditional Chinese banks to “pawn shops” and questioned whether the Basel Accords – a set of global banking regulatory recommendations – were suitable for China.
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Xi Jinping Eyes Innovation and Oversight to Grow China’s Digital Economy

Time Magazine 20 Oct 2021
Chinese President Xi Jinping pledged to support development of key technologies while strengthening regulation of the country’s tech giants as part of his strategy to expand the digital economy ... [time-brightcove not-tgx=”true”] ... and Meituan billions for antitrust violations, while ride-hailing leader Didi Global Inc ... listing.
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Google lowers Play Store fees to 15% on subscription apps, as low as 10% for ...

Crunch 21 Oct 2021
The move comes at a time of increased regulatory scrutiny over the app stores and several antitrust lawsuits, including an ongoing one in the U.S ... Globally, lawmakers are working to determine if the tech giants are abusing their market power with the app stores, which provide the main distribution path for software that runs on mobile devices.
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Amazon appeals EU’s record $865m data protection fine

Business Day 15 Oct 2021
Amazon appealed a record €746m ($865m) penalty for allegedly violating the EU’s tough data protection rules ... The law allows watchdogs to levy fines of as much as 4% of a company’s annual global sales. . The privacy probe adds to intense antitrust scrutiny of Amazon’s business in Europe ... Germany has multiple probes into Amazon’s sales ... Bloomberg.
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Amazon challenges record $865 million EU data protection fine

Live Mint 15 Oct 2021
Amazon.com Inc ... Premium Premium Meesho grows market share in growing fashion category d ... Premium Hindustan Zinc, riding the global rally in zinc prices ... The law allows watchdogs to levy fines of as much as 4% of a company’s annual global sales. . The privacy probe adds to intense antitrust scrutiny of Amazon’s business in Europe ... The U.K ... .
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Amazon copied products, rigged search results to promote its own brands: Report

Hindustan Times 15 Oct 2021
Jonas Koponen, an antitrust attorney with Linklaters LLP in Brussels, said the Reuters findings on Amazon's practices in India would likely interest the European Commission, which is probing whether the company has used non-public seller data to boost its own retail business.
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Amazon denies reports that internal documents show it copied products and rigged search results to ...

The Daily Mail 15 Oct 2021
Jonas Koponen, an antitrust attorney with Linklaters LLP in Brussels, said the Reuters findings on Amazon's practices in India would likely interest the European Commission, which is probing whether the company has used non-public seller data to boost its own retail business.
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Amazon copied products, rigged search to push own brands: Reuters

Al Jazeera 14 Oct 2021
Jonas Koponen, an antitrust lawyer with Linklaters LLP in Brussels, said the Reuters findings on Amazon’s practices in India would likely interest the European Commission, which is probing whether the company has used non-public seller data to boost its own retail business.
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After whistleblower revelations, it's time to unfriend Facebook

The Milton Standard Journal 13 Oct 2021
Facebook has grown into a planet-wide, $1-trillion company that allows people to connect online with family and friends, sharing photos and “liking” the posts of others ... Facebook knows all this ... Scott Pelley ... Frances Haugen ... Congressional and antitrust action is needed now, to rein in this sprawling, global monopoly that profits off of pain ... ....
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Amazon copied products and rigged search results to promote its own brands in India, documents ...

Deccan Herald 13 Oct 2021
Jonas Koponen, an antitrust attorney with Linklaters LLP in Brussels, said the Reuters findings on Amazon's practices in India would likely interest the European Commission, which is probing whether the company has used non-public seller data to boost its own retail business.
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EXCLUSIVE S&P's $44 bln IHS deal set to win EU antitrust approval -sources

Reuters 12 Oct 2021
BRUSSELS, Oct 12 (Reuters) - Business information provider S&P Global Inc (SPGI.N) is set to secure conditional EU antitrust approval for its $44 billion takeover of IHS Markit Ltd (INFO.N), three people familiar with the matter said ... read more ... S&P Global and IHS declined to comment ... 19 ... ....
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Exclusive-S&P’s $44 billion IHS deal set to win EU antitrust approval -sources

Metro USA 12 Oct 2021
By Foo Yun Chee. BRUSSELS (Reuters) -Business information provider S&P Global Inc is set to secure conditional EU antitrust approval for its $44 billion takeover of IHS Markit Ltd, three people familiar with the matter said ... Dr ... Power Women with Victoria Schneps ... Subscribe. ... 22, declined to comment. S&P Global and IHS declined to comment ... 19 ... .
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Green investors get timely reminder of their power

Reuters 11 Oct 2021
So the percentage of global emissions that asset managers can influence could rise further ... Capital Calls - More concise insights on global finance. ... Meituan antitrust fine is taste of what’s to come read more ... A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time ... ....
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Renren payout only helps prove Cayman rule

Reuters 11 Oct 2021
Founder Joseph Chen and the separated unit, Oak Pacific Investment, will write the cheque ... Capital Calls - More concise insights on global finance.. Meituan antitrust fine is taste of what’s to come read more ... read more ... A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
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