ANTITRUST PROBE
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla has marketed Full Self-Driving (Supervised) software to prospective buyers in South Korea for years, often collecting lump-sum payments of 9.043 million won ($6,726).
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla is facing a consumer complaint in South Korea over allegedly misleading customers by selling its Full Self-Driving (FSD) software to buyers whose vehicles cannot legally use it. The software, which was sold for a one-time payment of 9.043 million won ($6,726), is compatible with only about 20% of Tesla cars registered in the country, mainly US-made models.
US DOJ is inquiring about Nvidia's purchase of Hugging Face
The Justice Department's recent questioning covers Nvidia's acquisitions, investments, sales practices, and whether the chip designer has exerted pressure on its customers, the two people said.
India probing Pernod, Diageo Scotch imports under India-UK trade pact, sources say
Indian tax officials are investigating Pernod Ricard and Diageo for how they classified bulk Scotch imports. These companies may have improperly benefitted from reduced tariffs under a recent trade agreement. Tax inspectors made surprising visits to both companies' offices to gather information about their practices. The investigations are part of a broader scrutiny faced by foreign investors in India.
Microsoft stock (MSFT) falls as US targets green card filings for H-1B workers and Italy probes gaming business
Microsoft stock fell nearly 2% as the US targeted Microsoft’s green card filings for H-1B workers, while Italy opened an investigation into Microsoft-owned gaming companies over virtual currencies, consumer protection and gaming practices.
Italy launches EU-backed probe into Microsoft-owned gaming companies
Italy's probe is aimed at Activision Blizzard, among other companies of the Microsoft group, the antitrust authority said in a statement, without naming the others
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Nvidia’s $20 billion Groq deal under fire: Why shareholders are suing
In a striking legal development, two ex-Groq engineers have taken Nvidia to court over alleged mismanagement of their technology and personnel. The lawsuit alleges that crucial investors were sidelined during the $20 billion transaction. Additionally, shareholders are asserting they were inadequately compensated, while select employees enjoyed substantial payouts. Ongoing investigations into potential antitrust issues highlight worries about market consolidation in such deals, emphasizing the necessity for rigorous legal examination.
Qualcomm and Arm head to trial again, potential for huge damages in focus
Qualcomm also alleges that Arm leaked to the media its 2024 threat to terminate a vital license agreement in a way that damaged discussions for a chip deal between Qualcomm and Meta Platforms.
Polish regulator suspects Google abused dominant position in publisher payment talks
The Office of Competition and Consumer Protection, known by its Polish abbreviation UOKiK, said the charges relate to how Google negotiates remuneration for displaying articles and snippets in its search results, Google News and Discover services.
India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country
India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and foreign investment law compliance. This comes amid Xiaomi's ongoing tax and royalty payment disputes in India. The company stated it has not received any official notice from the SFIO. An investigation could further challenge Xiaomi's market position and financial standing.
EU orders Meta to open WhatsApp to rival AI chatbots for free
The EU ordered Meta on Tuesday to give rival AI chatbots access to its WhatsApp platform for free within five working days as it carries out an antitrust probe, or risk a heavy fine. The EU had warned Meta it faced interim measures if it did not open WhatsApp to rival AI assistants in February.
EU hits Meta with antitrust probe over WhatsApp AI features
The European Union has launched an antitrust inquiry into Meta's recent AI advancements on WhatsApp, citing concerns about potential barriers for third-party AI innovators.
Madison asks court to quash antitrust probe into the ad agency
Madison Communications is challenging an antitrust investigation. The advertising agency claims its executives were questioned illegally without lawyers during recent raids. Madison argues the Competition Commission of India has not provided seized document details. This legal action is the first to attempt halting the probe. The case will be heard soon.
China ends Google antitrust probe amid US trade talks, FT reports
China is reportedly ending its antitrust investigation into Google. This decision comes as trade discussions intensify between China and the United States. The talks involve TikTok and Nvidia, amidst growing tensions. The Financial Times reported the development. Google has not yet commented on the matter. China's market regulator has chosen to drop the probe.
Asian Paints shares in focus as Court rejects plea to quash antitrust probe
Asian Paints share price: The Bombay High Court dismissed Asian Paints plea to quash a CCI probe into alleged market abuse. The investigation, triggered by rival Birla Opus, accuses Asian Paints of unfair dealer practices to stifle competition.
Zomato, Swiggy say firms in compliance with competition laws amid CCI probe
An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents showed.
Secrets leaked? Xiaomi asks India to recall antitrust report on it and Flipkart, sources say
Xiaomi has requested India's antitrust body to recall a report that found it and Flipkart breached competition laws, citing commercial secrets. The recall could delay the investigation started in 2021. The report alleges e-commerce giants prioritized certain listings and colluded with companies like Xiaomi for exclusive product launches.
UK regulator asks for antitrust probe into Amazon, Microsoft cloud dominance
UK media regulator Ofcom has requested the country's antitrust regulator, the CMA, to investigate the dominance of Amazon and Microsoft in the UK cloud market. Ofcom's study revealed that the market position of these tech giants makes it difficult for UK businesses to switch or use multiple cloud providers.
Visa’s pricing of token technology under DOJ probe: report
The DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the debit card market.
Amazon set to meet with FTC ahead of potential antitrust lawsuit
Amazon.com is set to meet next week with the U.S. Federal Trade Commission (FTC) ahead of a potential long-awaited antitrust lawsuit against the retailer, according to a source familiar with the matter.
France considering antitrust action against Apple
French regulators are in favor of issuing a formal "Statement of Objections" to parties involved in the matter in coming weeks, the report said.
Amazon, Microsoft cloud services face UK antitrust probe
Ofcom, which started looking into cloud services last year, said it was particularly worried about the practices of Amazon Web Services (AWS) and Microsoft because of their market positions, and planned to ask the competition regulator to investigate.
Amazon to make big business changes to settle EU antitrust cases
The agreement allows Amazon to avoid a legal battle with EU's top antitrust watchdog that could have ended with huge fines, worth up to 10% of its annual worldwide revenue.
Amazon's offer to end EU antitrust probe is full of loopholes, NGOs say
The NGO group urged the European Commission to force Amazon to split its marketplace from its retail and logistics operations in order to address concerns about its dominance and control over complementary services.
US states file updated antitrust complaint against Alphabet's Google
The amended U.S. lawsuit, filed in a federal court in New York late Friday, accuses Google of using monopolistic and coercive tactics with advertisers in its efforts to dominate and drive out competition in online advertising.
Labour union urges European authorities to widen Amazon antitrust probe
In a letter dated Oct. 22 to the European Commission President Ursula von der Leyen, and also marked to EU antitrust chief Margrethe Vestager, the union body's European arm said authorities there must investigate if Amazon engaged in "similarly damaging behaviour within the European Union."
CCI's WhatsApp probe order a red flag for Big Tech
Firms need to tread carefully on data and privacy policy as probe could open floodgates for more
Microsoft CEO Satya Nadella to visit China amid antitrust probe: Report
Microsoft has come under scrutiny as China seeks to enforce a 2008 anti-monopoly law, which some critics say is being used to unfairly target overseas businesses.
No merit in EU claims, Microsoft involved: IBM
IBM said on Monday it would cooperate with the European Commission in its antitrust probe into the company but said there was no merit to the claims.
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