antitrust
After a five-year-long investigation, the EU executive found Mondelēz illegally restricted retailers from sourcing their products from member states where prices were lower, allowing the US packaged food company to maintain higher prices. “This harms consumers who end up paying more for chocolates, biscuits and coffee. It's a key concern to European citizens and even more obvious in times of very high inflation, where many are in a cost of living crisis,” Commission Vice-President Vestager told a press conference today (23 May). She announced a fine of €337.5 for Mondelēz for breaching EU anti...
Euronews (English)
The latest move of a senior European Commission antitrust official to a private law firm has prompted a probe by the EU’s Ombudsman, who is worried about conflicts of interest. Revolving doors between the private and public sector can have a “corrosive effect” on public trust, fueling euroscepticism and undermining EU interests, said Emily O’Reilly, in a letter published today (22 May). In an 8 May press release, law firm Paul, Weiss announced the hire of Henrik Morch, a director in the Commission’s antitrust arm with a 30-year career. The New York-based law firm cited Morch’s “extensive exper...
Euronews (English)
Lawyers for the US government and Google are presenting closing arguments in the largest US antitrust case in years this week. US District Judge Amit Mehta is set to issue a ruling in the late summer or early autumn. If he decides Google broke the law, another trial will determine how to rein in its market power. The judge went back and forth with Google's main litigator, John Schmidtlein, on the first day of the trial's closing arguments. Mehta questioned whether another company had the money and data necessary to develop a search engine to compete with Google. “It seems to be very, very unli...
Euronews (English)
Ryanair is facing an antitrust probe over an accusation that it took unfair advantage of its market dominance in Italy, Il Messaggero newspaper has reported. The Italian antitrust regulator, which is expected to publish a decision shortly, is investigating whether Ryanair acted in a way that caused "serious and irreparable" damages to other travel agencies, other airlines, and passengers. The authority has claimed that Ryanair did not allow tour operators to access its offers and discounts on its website on several occasions, which may have forced these firms to offer higher prices. Ryanair wi...
Euronews (English)
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