Tag Archives: regulator

LONDON, Dec 14 (Reuters) – Google (GOOGL.O) and Apple (AAPL.O)hold a “vice-like” grip over how people use mobile phones, stripping any meaningful choice from the system for customers, Britain’s competition regulator said on Tuesday. The Competition and Markets Authority said it had provisionally found that the two groups were able to leverage their market power to create largely self-contained ecosystems. An ability to determine which apps are available on their systems could also lead to… Source link

The Google name is displayed outside the company’s office in London, Britain November 1, 2018. REUTERS/Toby Melville/File Photo Register now for FREE unlimited access to reuters.com Register LONDON, Nov 26 (Reuters) – Britain’s competition regulator said on Friday it had secured improved commitments from Alphabet’s (GOOGL.O) 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. The Competition and Markets… Source link

The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo SYDNEY, Sept 28 (Reuters) – Australia’s antitrust regulator said on Tuesday it needed more powers to combat significant competition concerns in advertising technology, a market dominated by Alphabet Inc (GOOGL.O) unit Google. read more The stance could set up another clash between policymakers and the U.S. search engine leader after the same… Source link

David Gray | Bloomberg | Getty Images South Korea’s competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won ($176.9 million) for allegedly using its dominant market position in the mobile operating system space to stifle competition. Google’s Android operating system currently holds the lion’s share of the smartphone market, ahead of Apple’s iOS platform. The U.S. tech giant allegedly used its market position to block smartphone makers like Samsung from using… Source link

Kim Kardashian promoted an unknown crypto token to her followers in June. NurPhoto/Getty Images Celebrities such as Kim Kardashian are putting investors at risk by advertising crypto tokens, a UK regulator said. The chair of the Financial Conduct Authority said online influencers regularly promote crypto scams. Kardashian advertised a crypto token called ethereum max on her Instagram account in June. See more stories on Insider’s business page. The UK’s financial watchdog has said celebrities… Source link

By Jessica DiNapoli NEW YORK (Reuters) – The U.S. Securities and Exchange Commission approved a proposal from stock exchange operator Nasdaq Inc that requires its listed companies to have diverse boards, or explain why they do not. The proposal requires that companies have two diverse directors, including one who identifies as female and another as an underrepresented minority or LGBTQ+, or explain why they do not. Companies also have to publicly disclose the diversity of their boards. “These… Source link

(Reuters) – The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3-1 vote, the CPSC voted to file an administrative complaint saying the Seattle-based e-commerce giant was legally responsible to recall the products as they posed a serious risk of injury or death to consumers. The products included 24,000 carbon monoxide detectors… Source link

Google and Facebook logos and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/File Photo July 1 (Reuters) – Australia’s competition watchdog said on Thursday it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate with Google and Facebook for payments for news content on their platforms. Country Press Australia (CPA) is seeking authorisation to allow its members to hammer out a payments deal… Source link

The door for Mark Calabria’s exit was opened by Wednesday’s Supreme Court ruling that made it clear the president has the authority to oust the Federal Housing Finance Agency director. (Andrew Harnik / Associated Press) President Biden will move immediately to replace the director of the Federal Housing Finance Agency, Mark Calabria, an appointee of former President Trump with broad powers over mortgage giants Fannie Mae and Freddie Mac. The Supreme Court opened the door for Calabria’s… Source link

In a blog post on March 3, Google announced that it would be removing third-party cookies from its Chrome browser—a decision that would effectively end use of third-party cookies. Google also pledged to avoid any other technology for tracking individuals as they browse the web. In its place, Google proposed cohort tracking, whereby companies could use third-party ad services to target ads only to larger groupings instead of individual users. It argued that such a change is needed to… Source link