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Crypto firm Binance pulls out of Russia
Crypto firm Binance pulls out of Russia
Cryptocurrency firm Binance said on Wednesday it was selling its Russia business, months after reports suggested US authorities were...
2023-09-27 18:20
Berlin Risks Water Shortages in Fallout From Germany’s Coal Exit
Berlin Risks Water Shortages in Fallout From Germany’s Coal Exit
On extremely hot and dry summer days, water in Berlin’s Spree River gets sucked upstream by an array
2023-06-17 15:25
Leicester fined up to £880,000 over price fixing with JD Sports
Leicester fined up to £880,000 over price fixing with JD Sports
Leicester are to be fined up to £880,000 after “colluding to restrict competition” alongside JD Sports in the sales of club clothing, including replica kit, according to the UK competition watchdog. The Competition and Markets Authority (CMA) has said the Sky Bet Championship side and JD Sports have admitted to anti-competitive behaviour, which include “price fixing conduct”. The parties broke competition law between 2018 and 2021 with arrangements which limited competition in the sale of clothing, the CMA said it has provisionally found. Leicester and its parent companies have agreed to pay a fine up to the watchdog’s maximum penalty of £880,000. JD Sports will avoid a fine after reporting the illegal activity. In August 2018, JD Sports said it would stop selling Leicester-branded clothing online for the 2018-19 season, and in January 2019, JD Sports agreed it would not “undercut” the club in terms of online sales for the following season by applying a delivery charge to all orders, the CMA said. It said JD Sports continued the agreement to sell all Leicester clothing with the charge until at least January 2021. Michael Grenfell, executive director of enforcement at the CMA, said: “Strong and unimpeded competition between retailers is essential to consumers’ ability to shop around for the best deals. “Football fans are well-known for their loyalty towards their teams. In this case we have provisionally found that Leicester City FC and JD Sports colluded to share out markets and fix prices with the result that fans may have ended up paying more than they would otherwise have done. “Both parties have now admitted their involvement, allowing us to bring the investigation to a swift conclusion. “The fine that Leicester City FC and its parent companies have agreed to pay sends a clear message to them and other businesses that anti-competitive collusion will not be tolerated.” In response, Leicester stressed that no current club directors or senior management were involved in the arrangements. “These arrangements related to a limited number of bulk orders by JD Sports, which were accepted by the club’s retail sales team over the relevant period,” the club added. “There was no intention on the part of the club to unlawfully restrict the resale of the goods supplied and no material financial advantage to be gained from doing so, given the limited amount of kit supplied to JD Sports. “However, the club accepts the CMA’s findings and has taken steps to strengthen its training and compliance measures to ensure the club’s retail operations fully comply with competition law.” JD Sports also highlighted that current or former directors or senior management of JD were involved in the offending conduct and that it signed a leniency agreement with the CMA last month. The company added: “JD has taken a number of steps to strengthen its competition compliance programme and the board reaffirms its commitment to making the necessary resource available, internal and external, to ensure that this is embedded into its daily operations.” It comes almost a year after JD Sports, rival Elite Sports and Rangers were handed fines over price fixing on replica kits. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Paris St Germain sack Christophe Galtier Wimbledon schedule further affected as rain prevents play on Wednesday morning Keira Walsh fears injury ‘every time I go on the pitch’ due to increased load
2023-07-05 20:28
27 Wide-Leg Jeans For Some Breathing Room (Flared & Baggy Styles Included)
27 Wide-Leg Jeans For Some Breathing Room (Flared & Baggy Styles Included)
Trends come and go, and they open up opportunities to experiment with our personal styles, but we always know which silhouettes complement our body shapes best and make us feel confident. And wide-leg jeans certainly make me feel the most confident. I personally enjoy a high-waisted and cropped wide-leg style that enhances my curves and gives my legs breathing room. But there are so many other wide-leg jean options to choose between.
2023-08-04 22:49
Novo Weight Drugs Probed Over Reports of Suicidal Thoughts
Novo Weight Drugs Probed Over Reports of Suicidal Thoughts
Novo Nordisk A/S’s weight-loss medications are under investigation by the European Union’s drugs regulator after a small number
2023-07-10 20:18
OPEC+ weighs fresh output cuts to boost oil price
OPEC+ weighs fresh output cuts to boost oil price
Major oil producers led by Saudi Arabia and Russia met Sunday to discuss slashing output further in a bid to prop up prices, talks that are seen as tough...
2023-06-04 18:29
Barclays, Morgan Stanley Lead Banks Nearing CO2 Disclosure Deal
Barclays, Morgan Stanley Lead Banks Nearing CO2 Disclosure Deal
A group of banks led by Barclays Plc and Morgan Stanley is working on a compromise deal to
2023-05-17 02:25
Support for Nuclear Energy Stronger Than Ever in the U.S. and Growing Around the World
Support for Nuclear Energy Stronger Than Ever in the U.S. and Growing Around the World
WASHINGTON--(BUSINESS WIRE)--Nov 30, 2023--
2023-11-30 19:17
China Leads the World in Preparing for Extreme Weather Threats to Power Supplies
China Leads the World in Preparing for Extreme Weather Threats to Power Supplies
It’s not even June, and China is fielding sweltering temperatures in Shanghai, and peak power demand from Guangdong
2023-05-31 10:22
Resco launches mobile solutions for Microsoft Power Platform
Resco launches mobile solutions for Microsoft Power Platform
BOSTON & BRATISLAVA, Slovakia--(BUSINESS WIRE)--Oct 27, 2023--
2023-10-27 19:26
Xi’s Metal Curbs Risk Backfiring as G-7 Seeks China Alternative
Xi’s Metal Curbs Risk Backfiring as G-7 Seeks China Alternative
China’s decision to control the export of two key metals showed it has some power to retaliate against
2023-07-04 16:49
Seismic Day for Treasuries Fuels Bets Fed to Slash Rates in 2024
Seismic Day for Treasuries Fuels Bets Fed to Slash Rates in 2024
A normal day for markets became something extraordinary after a hotly anticipated report on US inflation gave traders
2023-11-15 06:24