Closing the backdoor to EU dumping May 25, 2020 Full sovereignty is fundamental to the UK’s success in the post-Brexit future. For it to be achieved a number of loose ends left by the Brexit withdrawal process must be tied up. This should now be a priority for the future trade deal, so the UK can ensure UK citizens and businesses can compete fairly [...]
Stelios accuses Easyjet of ‘voting fraud’ after failing to oust management May 22, 2020 Easyjet founder Sir Stelios Haji-Ioannou accused the airline of “voting fraud” today after his attempt to oust key management figures was defeated. Haji-Ioannou launched the attempt to remove the management team after a row over Easyjet’s continuation of a deal to buy 107 Airbus planes for £4.5bn which Haji-Ioannou says puts the future of the [...]
Competition watchdog launches investigation into fake online reviews May 22, 2020 The competition watchdog has opened an investigation into several major websites over whether they are doing enough to protect shoppers from fake and misleading reviews. The Competition and Markets Authority (CMA) said it will probe how the sites detect, investigate and respond to issues such as suspicious reviews — for example where one user has [...]
Coronavirus: CMA investigating holiday firms over refund claims May 21, 2020 The UK’s competition watchdog is investigating package holiday firm’s over their failure to refund customers for cancelled holidays. According to its latest statistics, the Competition and Markets Authority (CMA) has received over 60,000 complaints from customers regarding the coronavirus crisis since 10 March. Of these, it said that 27,000 related to complaints about “unfair practices” [...]
A third of North Sea oil could remain untouched due to price collapse May 20, 2020 More than a third of the remaining oil in the North Sea basin may never be extracted if prices do not improve, a new study has warned. Economists at Aberdeen University have modelled the impact of $25, $35 and $45 per barrel prices on the industry, At the lowest figure, the research finds, up to [...]
As digital assets ready to mainstream, Governments respond May 19, 2020 Some may still think of digital assets as largely unregulated with little government oversight. But as consumer awareness and interest in digital assets grow, so does attention from policymakers around the world. This ‘attention’ has produced both praise and punitive action. Last month, three U.S. legislative bills were proposed calling for the creation of “Digital [...]
Just Eat slams watchdog’s approval of Amazon’s £442m investment in Deliveroo May 18, 2020 Just Eat has slammed the competition watchdog’s “U-turn” decision to give the go-ahead to Amazon’s £442m investment in Deliveroo during the coronavirus crisis. The delivery platform, which was bought by Dutch firm Takeaway.com earlier this year, said it was “concerned by the very sudden U-turn in the Competition and Market Authority’s decision making”. The CMA [...]
Competition watchdog seeks emergency powers to tackle coronavirus profiteering May 18, 2020 The UK’s competition watchdog has told the government it needs emergency powers to crack down on firms profiteering from the coronavirus crisis. The Competition and Markets Authority (CMA) said it needs emergency time-limited legislation to tackle companies that have increased prices for high demand products such as hand sanitiser during the pandemic. CMA chief executive [...]
Four fintech forums growing in importance to women investors May 14, 2020 Based on my 10 years of research, I know that financial independence – being able to pay one’s way without having to work or rely on others – is a critical theme for women. In my recent global survey, when women were asked the most important reason why they invest, the second most popular answer [...]
Domino’s slams Amazon’s £442m investment in Deliveroo May 14, 2020 Pizza takeaway chain Domino’s has slammed a watchdog’s decision to give the go-ahead to Amazon’s £442m investment in Deliveroo, saying the decision will harm competition and consumers. The Competition and Markets Authority (CMA) provisionally cleared the investment in April over concerns that Deliveroo could collapse without extra financial backing due restaurant closures during the coronavirus [...]