CMA: Amazon and Meta agree to retail competition improvements November 3, 2023 As part of the new commitments, Amazon has agreed to give independent sellers a fair chance of their offers being featured in the site’s “Buy Box”, where most sales on the platform take place.
EU rules damaged liquidity in London’s main market November 2, 2023 EU financial market reforms inadvertently affected liquidity and reduced research activity in London’s main stock market, according to new research from the University of Bath on Wednesday. The EU’s markets in financial instruments directive II, known as Mifid II, aimed to improve transparency around research costs. The costs were previously parcelled into brokers’ overall fees [...]
Who are the billionaires battling for the Telegraph and Spectator? November 1, 2023 The auction for both the Telegraph Media Group (TMG) and Spectator is underway, drawing the attention of a host of eager bidders. But regulatory hurdles could thwart some potential suiters.
We’re fighting over-regulation with yet more regulations in an insane spiral November 1, 2023 From lockdown to 20mph speed limits in Wales and electric vehicles, our obsession with regulations is killing Britain, writes Paul Ormerod
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.
On The Beach’s successful £2m dispute with Ryanair ‘sends an important message on how refunds should be handled’ October 31, 2023 In a ruling today, High Court judge Nigel Cooper KC calculated OTB group's claim to have succeeded over £2m.
FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown October 31, 2023 The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
Banks slammed for ‘doing as little as they can get away with’ to help savers October 30, 2023 The UK's biggest banks are "trying to do as little as they can get away with" to help savers as interest rates look set to stay high, a top Tory MP has said.
‘Nothing has changed’: Supermarkets back in the firing line for jacking up pump prices October 30, 2023 Supermarkets are still profiting at the pumps at the expense of British motorists, despite criticism from the UK's competition regulator.
Li Keqiang: China’s ex-premier and top economic official for a decade dies aged 68 October 27, 2023 Li was China’s number two leader from 2013-23 and an advocate for private business but was left with little authority by Xi.