Amazon: The US accuses the internet retailer of illegal monopoly power.
According to the FTC, Amazon uses “a set of interlocking anticompetitive and unfair strategies” to raise prices and suppress competition. The complaint, according to Amazon, is “wrong on the facts and law, and we look forward to making that case…
Customers of water companies are being refunded despite the companies’ poor performance.
According to Ofwat, the industry regulator, businesses are “falling short” on performance benchmarks regarding the prevention of leaks, the delivery of water, and the reduction of pollution. It was stated that as a result of the evaluation, a significant amount…
Despite the delay in the petrol ban, Nissan plans to go all-electric by 2030.
The statement comes despite the UK’s decision to postpone its 2030 ban on the sale of new petrol and diesel vehicles until 2035. Nissan’s CEO stated that the company’s decision was “the right thing to do.” The SMMT, the car…
Lego is planning to produce bricks out of recyclable bottles.
Lego has abandoned plans to create its bricks from recycled bottles, a setback to the company’s efforts to reduce carbon emissions. In 2021, the company stated that it expected to make oil-free bricks within two years. However, it announced on…
Electric vehicle regulations might cost automakers billions of dollars.
The restrictions are intended to ensure that EU-produced electric vehicles use mostly locally sourced parts. However, manufacturers on both sides of the Channel claim they are not prepared. The European Automobile Manufacturers Association (ACEA) warned that the measures could limit…
Johnson warns against a’mutilated’ rail link for HS2.
He dismissed demands that the high-speed train link, which began construction during his tenure, be pared back as “Treasury-driven nonsense.” The government refused to guarantee the continuation of HS2 between Birmingham and Manchester last week. It comes as more than…
Warner Bros. plans to develop Barbie movie studios in the United Kingdom.
The capacity of the Leavesden facility near London will be increased by more than 50% as a result of the project. According to the media conglomerate, it will create 4,000 “direct or indirect” jobs across the country. Warner Bros. also…
Amazon Prime Video content will begin to include advertisements next year.
Customers in the United Kingdom, the United States, Germany, and Canada will see advertisements beginning early next year unless they pay a fee to subscribe to a “ad-free” option. Amazon stated in a statement that Prime Video still provided “very…
The UAW strike has spread to dozens of locations at GM and Stellantis.
As the dispute over pay and benefits continues, UAW President Shawn Fain said the fresh walkouts would target 38 General Motors and Stellantis locations. The move excludes Ford, which the UAW claims is making progress in negotiations. Last week, the…
Toshiba of Japan is preparing to conclude its 74-year stock market history.
Toshiba, one of Japan’s oldest and largest corporations, is likely to end its 74-year stock market existence after a group of investors purchased a majority interest. A consortium led by private equity firm Japan Industrial Partners (JIP) has purchased 78.65%…
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