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Biden seeks 11% jump in FTC funding as Big Tech cases loom

President Joe Biden's proposed budget would give an 11% funding increase to the Federal Trade Commission as well as a hefty boost to the Justice Department's Antitrust Division, both of which filed major lawsuits against big tech companies last year.
Amy Klobuchar Joe Biden Thomson Reuters Trust Principles Justice Department Antitrust Division Justice Department President Joe Biden

Govt must blacklist, confiscate assets of corrupt & fraudulent companies

It is no longer a far-fetched idea that Malawi is slowly but steadily nourishing her two twins—fraud and corruption—who are, unfortunately now, quickly making sure that this nation—their mother—is reduced to nothing but shambles, as far as economic prudence is concerned. Now, this is not only lugubrious, but also brings the all of us into […]
United Arab Emirates Hong Kong United Kingdom Transparency International Fiscal Police Nyasa Times

UK watchdog to protect home, motor insurance customers from 'loyalty penalty'

Britain's financial regulator said on Friday it will move to protect consumers from so-called loyalty penalties in motor and home insurance, potentially saving an estimated 4.2 billion pounds ($5.95 billion) over 10 years.
United Kingdom Charlotte Clark Thomson Reuters Trust Principles Association Of British Insurers Financial Conduct Authority British Insurers

Facebook marketplace faces EU antitrust probe - source

TechnologyFacebook marketplace faces EU antitrust probe - source Foo Yun Chee 2 minute read A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Facebook (FB.O) is likely to face its first EU antitrust investigation in the coming weeks as regulators zoom in on its online marketplace after rivals complained about the service, a person familiar with the matter said. The move by European Competition Commission...
Margrethe Vestager Thomson Reuters Trust Principles European Commission Facebook Marketplace Thomson Reuters Trust தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்

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Police Uniform Scandal – ACB, PPDA fail to investigate MK13 billion contract to Abdul Batatawala | Malawi Nyasa Times

Multi-billionaire business mogul, Sabina Abdul Karim Batatawala, has come under the spotlight once again after the Malawi’s Attorney General (AG) Dr. Chikosa Mozesi Silungwe recommended the Anti-Corruption Bureau (ACB) and Public Procurement and Disposal of Assets Authority (PPDA) to probe the award of a huge contract procedurally. Batatawala is actually registered as a Malawian in […]
United Kingdom City Of Sabina Abdul Karim Batatawala Abdul Karim Batawalalala Chikosa Mozesi Silungwe Citizenship Services

German antitrust watchdog investigates Google over data use

TechnologyGerman antitrust watchdog investigates Google over data use Reuters 3 minute read A sign is pictured outside a Google office near the companys headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Germanys antitrust watchdog has launched a probe into whether Google Germany, Google Ireland and its parent company Alphabet (GOOGL.O) are exploiting their market dominance in the way they handle data, it said on Tuesday. The Federal Cartel Office said...
Nordrhein Westfalen Andreas Mundt Ralf Bremer Thomson Reuters Trust Principles Cartel Office European Union

EXCLUSIVE BMW, VW to face lowered EU fines over emissions collusion -source

BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) are set to face reduced EU antitrust fines over clean air technology after regulators narrowed the scope of an investigation, a person familiar with the matter said.
Thomson Reuters Trust Principles European Commission Volkswagen Group Thomson Reuters Trust தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் ஐரோப்பிய தரகு

EXCLUSIVE China launches antitrust probe into Tencent-backed property broker KE -sources

ChinaEXCLUSIVE China launches antitrust probe into Tencent-backed property broker KE -sources Reuters 5 minute read A woman wearing a face mask following the coronavirus disease (COVID-19) outbreak rides past real estate broker Lianjia near a residential compound in Beijing, China August 11, 2020. Picture taken August 11, 2020. REUTERS/Tingshu Wang/File Photo Chinas market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings (BEKE.N), the countrys bigges...
New York United States Peng Yongdong Zuo Hui Thomson Reuters Trust Principles Tencent Holdings

Italy's antitrust starts probe into alleged cartel among insurance companies

FinanceItaly probes alleged cartel among automobile insurers Reuters 2 minute read Italys anti-trust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile insurance. In a statement, the Italian Competition Authority said the companies involved were able to charge consumers higher premiums for automobile insurance policies as a result of the insurers and price comparison...
Thomson Reuters Trust Principles Thomson Reuters Trust தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

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