The fine of $176.64 million (207 billion won) was imposed by South Korea’s Fair Trade Commission (KFTC) on Tuesday, having launched a probe into the tech giant back in 2016 over suspicions it had prevented local affiliates from using operating systems developed by rival firms. The regulator said Google had …
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Klobuchar proposed a competition and antitrust law enforcement reform act that would make major changes to antitrust law, granting enforcement agencies more powers to impose larger fines, and shifting the burden of proof over mergers onto companies. RT’s Boom Bust host Brent Jabbour discusses the new legislation with his co-host, …
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The FTC lawsuit was announced on Wednesday, as New York AG Letitia James made public that 47 of her colleagues from 45 states – as well as the District of Columbia and Guam – were launching a separate antitrust challenge before a DC federal court. Any efforts to “stifle competition, hurt …
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The US government has accused Google, a unit of the tech giant’s umbrella company Alphabet Inc., of paying “billions” each year to distributors, including mobile phone companies and web browser developers, to secure default status for its search engine. Earlier in October, a House Judiciary subcommittee concluded after a probe …
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Ukrtransgaz purchased from Naftogaz gas at prices higher than the cost for industrial consumers. The Antimonopoly Committee initiated proceedings against Naftogaz and Ukrtransgaz on purchasing gas at inflated prices. This is stated in the order of the Chairman of AMKU Yury Terentyev, writes the online edition of the Chronicle.info with …
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