EU: Facebook facing EU antitrust probe over Libra

EU: Facebook facing EU antitrust probe over Libra

Facebook is getting EU antitrust scrutiny over its Libra crypto project, Bloomberg reported. The European Commission has sent a questionnaire to groups tied to the Libra proposals, saying it’s “currently investigating potential anti-competitive behavior,” according to a document Bloomberg saw. Officials said they’re concerned about how Libra may create “possible competition restrictions” on the information […]

US: GOP lawmakers divided on House antitrust tech probe

US: GOP lawmakers divided on House antitrust tech probe

Republicans are split over a new Democrat-led antitrust investigation of the tech industry, highlighting tensions between the GOP’s growing criticism of companies like Google and Facebook and the party’s traditional aversion to regulating business, reported Politico. The House Judiciary Committee launched the probe Monday, June 3, to look at whether Silicon Valley’s tech titans have […]

US: Tech execs will be asked to testify in antitrust probe

US: Tech execs will be asked to testify in antitrust probe

According leaders of big tech companies will be asked to testify as part of an investigation into whether the companies misuse their massive market power, the head of the US House Judiciary subcommittee leading the probe said on Tuesday. The comments came a day after sources said the US executive branch is gearing up for a similar […]

US: DOJ reportedly preparing Google antitrust probe

US: DOJ reportedly preparing Google antitrust probe

The Justice Department (DOJ) is laying the foundation for a potential antitrust investigation of Google, The Wall Street Journal reported. The DOJ’s Antitrust Division in recent weeks has been laying the groundwork for the probe, the people familiar with the matter said. The Federal Trade Commission, which shares antitrust authority with the DOJ, previously conducted […]

EU: Ireland data pooling system in antitrust probe

EU: Ireland data pooling system in antitrust probe

European Union regulators opened an antitrust investigation into the conditions set by Insurance Ireland for companies seeking to access its data pooling system, saying these may restrict choice for motorists in particular. Insurance Ireland represents 95 percent of the domestic market and more than 80 percent of Ireland’s international life insurance market in the country. […]

China: Regulator asks German car makers about EU collusion

China: Regulator asks German car makers about EU collusion

Chinese regulators have requested information from German car makers regarding a European Union probe into possible collusion on the development of emissions technology, a sign that they may be considering launching their own probe, reported Morningstar. The Chinese Competition Authority requested information from Volkswagen  and its Audi and Porsche AG subsidiaries in March, VW said in its […]

EU: Guess pays US$42M to settle antitrust probe

EU: Guess pays US$42M to settle antitrust probe

Last week, Guess reported that they been cooperating with the European Commission in its investigation into whether certain of the company’s business practices and agreements may have violated European competition rules. In June of 2017, Guess faced a formal European Union antitrust investigation over suspicions the clothing manufacturer and retailer may be thwarting cross-border sales […]

South Korea: Concerns over “excessive” antitrust probes arise

South Korea: Concerns over “excessive” antitrust probes arise

According to the Korean Times, a growing number of businesses are expressing concerns about the nation’s antitrust agency’s decision to give up its exclusive rights to file complaints about antitrust cases, which it will now share with Ministry of Justice prosecutors. The companies are worried that the power sharing between the South Korea Fair Trade […]

US: House Republican calls for renewed antitrust probe of Google

US: House Republican calls for renewed antitrust probe of Google

Rep. Todd Rokita, a conservative Republican from Indiana, has called for the federal government to reopen an antitrust investigation Google’s search engine reported The Hill. In a letter Thursday to the Federal Trade Commission and the Justice Department, Rokita noted that Google controls over 85% of the internet search market, up from 71% when the […]

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