Page 5 - Markets Unit News Today

Helen MacNamara, who used to be the deputy cabinet secretary, is said to be among the first group of people to receive a fixed-penalty notice.

Helen MacNamara, who used to be the deputy cabinet secretary, is said to be among the first group of people to receive a fixed-penalty notice.

Helen MacNamara is said to have received a £50 fine on Friday in connection with a leaving do held in the Cabinet Office.

In 2021, we saw increased collaboration between antitrust and data protection regulators concerned with companies amassing and using personal data for commercial purposes.

Because some clothing companies market themselves as sustainable but exaggerate and cannot substantiate their claims, in early 2021 ACM published five rules for honest sustainability claims and then launched investigations and asked over 70 companies in the clothing sector.

In a major speech on Thursday, Andrea Coscelli said a small number of very large digital firms have become extremely powerful and made it very difficult for potential rivals to challenge them.

The CMA has responded to the government’s proposals to enhance its ability to tackle breaches of competition and consumer law, and empower the Digital Markets Unit (DMU).

  The promised Digital Markets Unit has been launched by the UK government, with a remit to prevent technology firms exploiting market dominance, and it has no real power until 2022. As announced in late 2020, the UK government has now formed a Digital Markets Unit, which it describes as a "tough new regulator" to prevent Big Tech misusing market dominance. However, reportedly the DMU will require new legislation which is not expected to be introduced for at least a year. "Today is a major mil...

REUTERS/Erin Scott The move comes after months of wrangling with Australian officials.  But the tech giant also faces pressure from a growing number of governments on how it handles news. Facebook blocked Australian users from sharing and viewing news articles on their feeds on Wednesday, following months of back-and-forth with local officials.  The dramatic step follows a debate with lawmakers over how to rebalance the relationship between tech platforms and leg...