France’s anti-trust authority has imposed a fine totalling €187.5m ($217.3m) on TotalEnergies, Rubis and EG Group for engaging in an anti-competitive agreement that led to higher fuel prices in Corsica. The Mediterranean Island of Corsica depends on cars for transportation, and all fuel imports there are distributed through Dépôts Pétroliers de la Corse (DPLC) depots. DPLC is jointly owned by TotalEnergies, Rubis and EG Group. The penalty follows an investigation into agreements that restricted access t ...

The European Commission has launched an anti-trust investigation into Red Bull to examine whether the energy drinks maker has “illegally restricted competition”. In a statement yesterday (13 November), the Commission said it has “indications” Red Bull may have pursued a strategy to “restrict competition” from energy drinks sold in sizes above 250ml within the off-trade channel, such as supermarkets and petrol station shops. Austria-based Red Bull’s approach allegedly targeted products sold by its “closes ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Google has agreed a fund to support South African media. Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday. Tech giants, including TikTok, X and Facebook, have come under fire for anti-trust practices that the ...

Core Viewpoint - The U.S. Federal Trade Commission is suing Live Nation and Ticketmaster for allegedly allowing ticket brokers to violate policies, resulting in millions of concert tickets being sold to fans at inflated prices [1] Group 1 - The lawsuit claims that Live Nation and Ticketmaster tacitly permitted ticket brokers to bypass their policies [1] - The agency highlighted that this practice led to significant markups on tickets sold to fans [1] - The action taken by the FTC indicates a regulatory push against perceived unfair practices in the ticketing industry [1]