Page 35 - Acb News Today

China outlined new rules on Tuesday to safeguard the rights of drivers in its giant ride-hailing industry, requiring operators of the services to provide them with social insurance and make their earnings public.

Facebook owner Meta has been told by the UK competition watchdog to sell popular animated images platform Giphy in Britain's first such move against so-called Big Tech in its efforts to bolster regulation of the sector.

The UK competition regulator is expected to block Meta Platforms' acquisition of online GIF platform Giphy in the coming days, the Financial Times reported on Monday.

Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows.

Britain's competition regulator said on Friday it had secured improved commitments from Alphabet's Google on changes to user-tracking cookies in its browser, including the U.S. tech giant extending the time any pledges would last to six years.

Italy's antitrust regulator has fined Alphabet's Google and iPhone maker Apple 10 million euros ($11.23 million) each for "aggressive practices" linked to the commercial use of user data.

Telecom Italia faces another boardroom showdown after Luigi Gubitosi told them he was ready to quit as chief executive if that helped speed their decision over KKR's takeover proposal.

The U.S. Justice Department said on Tuesday it has filed an antitrust lawsuit aimed at blocking U.S. Sugar Corp from buying rival Imperial Sugar Co (LOUDRI.UL), a deal the government said could drive up the price of sugar for households as well as food and drink makers.

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed.

Raids on 15 government officers by the team of more than 400 ACB officers, including 8 Superintendent of Police, 100 officers and 300 staff members are on.