80.35 F
New York
July 23, 2021

Antitrust regulation

Chinese tech giants look to make business changes in a bid to preempt regulators

CNBC
CNBC – For more and to sign up click here In this photo illustration the Chinese technology firm Tencent logo seen on an Android mobile device with People’s Republic of China flag in the background. Budrul Chukrut | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Chinese technology......

IAC CEO says Apple is ‘worse’ than Google and will be next target in U.S. antitrust crackdown

CNBC
CNBC – For more and to sign up click here Apple will be the next major target in the latest United States crackdown on Big Tech, IAC CEO Joey Levin predicted Friday on CNBC. Levin said on “Squawk Box” that he believes “Apple’s next, and I think Apple is, in many senses,......

House Republicans lay out their antitrust agenda for tech giants

CNBC
CNBC – For more and to sign up click here Rep. Jim Jordan, R-Ohio, is seen in the Capitol after House Republicans voted to remove Rep. Liz Cheney, R-Wyo., from the position of House Republican Conference Chair on Wednesday, May 12, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty......

China’s tech crackdown has a new battleground — data

CNBC
CNBC – For more and to sign up click here Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters China’s technology giants have grown into some of......

Alibaba swings to net loss as $2.8 billion antitrust fine weighs on earnings, but revenue beats forecast

CNBC
CNBC – For more and to sign up click here Signage at the Alibaba Group Holdings Ltd. headquarters in Hangzhou, China, on Wednesday, March 24, 2021. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Alibaba swung to a net loss in its fiscal fourth quarter as a massive......

European Union says Apple’s App Store breaches competition rules

CNBC
CNBC – For more and to sign up click here CEO Tim Cook speaks at an Apple event at the company’s headquarters in Cupertino, California, September 10, 2019. Stephen Lam | Reuters LONDON — Apple has “abused its dominant position” in the distribution of music streaming apps through its App......

U.S. House committee approves blueprint for Big Tech crackdown

Reuters
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo With......

Judge in Texas lawsuit against Google issues protective order

Reuters
FILE PHOTO: The Google Inc. logo is seen outside their headquarters in Mountain View, California August 18, 2004. REUTERS/Clay McLachlan/File Photo WASHINGTON (Reuters) – The judge hearing the Texas antitrust lawsuit against Alphabet Inc’s Google put limits on what the search giant’s in-house lawyers can see in an order aimed......

Chinese Internet firms pledge to avoid anti-competitive behaviors

Reuters
FILE PHOTO: A Baidu sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a......

In a quest to rein in its tech giants, China turns to data protection

CNBC
CNBC – For more and to sign up click here Chinese President Xi Jinping in Beijing on Jan. 22, 2021. Shen Hong | Xinhua News Agency | Getty Images GUANGZHOU, China — China is looking to tighten rules around how its citizens’ personal data is collected, as it moves to......

Exclusive: China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters
BEIJING/HONG KONG (Reuters) – China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office......

China’s Alibaba hit with record $2.75 billion antitrust fine

Reuters
(Reuters) – Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

Analog Devices get EU nod for $21 billion Maxim buy

Reuters
BRUSSELS (Reuters) – U.S. chipmaker Analog Devices (ADI) has gained unconditional EU antitrust clearance for its $21 billion acquisition of rival Maxim Integrated, its biggest ever deal, a filing on the European Commission website showed on Thursday. ADI is seeking to boost its market share in automotive and 5G chipmaking......

U.S. DOJ accuses Google of dragging its feet in antitrust trial

Reuters
FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter WASHINGTON (Reuters) – The U.S. Department of Justice accused Google of dragging its feet in providing documents in preparation for a trial......

China’s antitrust regulators consider levying record fine against Alibaba: WSJ

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter (Reuters) – China’s antitrust regulators are mulling levying a record fine against Alibaba Group Holding Ltd over its anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar......

Facebook asks court to dismiss U.S. government, states antitrust cases

Reuters
WASHINGTON (Reuters) – Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers. FILE PHOTO: A 3D-printed Facebook logo is seen placed on......

U.S. Justice Department nominee Gupta vows strong antitrust enforcement

Reuters
Nominee to be Associate Attorney General Vanita Gupta testifies before the Senate Judiciary Committee during her confirmation hearing on Capitol Hill in Washington, U.S., March 9, 2021. REUTERS/Joshua Roberts WASHINGTON (Reuters) – Vanita Gupta, President Joe Biden’s nominee for the Justice Department’s No. 3 post, said on Tuesday that she......

Ford rejects U.S. ITC criticism over SK Innovation battery deals

Reuters
WASHINGTON (Reuters) – Ford Motor Co on Friday dismissed criticism from the U.S. International Trade Commission over its decision to pursue battery contracts with SK Innovation. The ITC said Ford pursued new contracts after evidence had emerged the South Korean electric vehicle (EV) battery maker misappropriated trade secrets from cross-town......

UK starts probe on Apple’s alleged anti-competitive behaviour

Reuters
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo (Reuters) – Britain’s competition regulator said on Thursday it has opened an investigation into Apple Inc after complaints that the......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More