Amazon has reportedly been declining to describe its product-search system to an Australian competition regulator which has seen complaints of large markets giving preference to in-house wares, Reuters wrote Thursday (April 28). Amazon withholding this info could set the stage for a rehashing of the...
Australia’s competition watchdog is taking Facebook parent Meta Platforms Inc. and Meta Platforms Ireland Ltd. to federal court over allegations of publishing scam advertisements for cryptocurrencies featuring Australian public figures. The Australian Competition and Consumer Commission (ACCC) alleged that Meta is in violation of the...
Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according to a report by The Australian. The Australian Competition & Consumer Commission (ACCC) has partnered with the Australian Securities &...
Australia’s federal Labor Party has issued calls to scrutinize late payment practices that it has said are “unfair” to small and mid-sized firms. Separately, a study of the construction industry finds that a majority of subcontractors would offer discounts, if they could be assured of...
May 30, 2022
The Australian Competition & Consumer Commission (ACCC) has brought proceedings against Mastercard for allegedly engaging in anticompetitive practices, according to a Monday (May 30) press release. The alleged conduct occurred in 2017, when the Reserve Bank of Australia was looking to boost competition in the supply of debit card acceptance services, cutting payment costs for […]
April 28, 2022
Amazon has reportedly been declining to describe its product-search system to an Australian competition regulator which has seen complaints of large markets giving preference to in-house wares, Reuters wrote Thursday...
March 18, 2022
Australia’s competition watchdog is taking Facebook parent Meta Platforms Inc. and Meta Platforms Ireland Ltd. to federal court over allegations of publishing scam advertisements for cryptocurrencies featuring Australian public figures....
April 30, 2019
Billionaire Michael Novogratz’s cryptocurrency investment firm lost $272.7 million during its first year of operations. Galaxy Digital Holding revealed that it had $249.1 million in digital assets and investments as...
