
NYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to Blame
New York City’s air quality dropped to unhealthy levels Wednesday morning, but don’t blame the Canadian wildfires —
2023-07-06 00:17

GM quarterly auto sales rise 19% on strong demand
General Motors on Wednesday reported a 19% rise in second-quarter U.S. auto sales as easing supply chain pressures
2023-07-05 23:57

GM, Toyota US Sales Jump in Sign of Auto Industry Strength
General Motors Co. and Toyota Motor Corp. both posted strong sales gains in the second quarter, signs of
2023-07-05 23:55

US new vehicle sales rise on strong demand, better supply
By Pratyush Thakur New vehicle sales in the United States for top global automakers rose in the second
2023-07-05 23:54

Jenny Craig is being revived online
Weight loss brand Jenny Craig is getting a second lease on life.
2023-07-05 23:26

Italy Again Delays Ratification of EU Bailout Fund Reform
Italy has once again delayed ratifying a reform of the European Stability Mechanism bailout fund, a move which
2023-07-05 23:25

Billionaire Mike Ashley Adds £150 Million to London Property Bet
UK retail billionaire Mike Ashley has shifted more of his money into a company he set up to
2023-07-05 23:18

German Cabinet Backs Budget With €16.6 Billion in Net New Debt
Germany’s ruling coalition has approved a 2024 finance plan that slashes net new borrowing to the lowest levels
2023-07-05 23:15

Turkish Government Plans Tax Increases on Banks, Firms
Turkey is planning to increase taxes on banks and corporations as the government looks to offset some of
2023-07-05 22:16

American Equity Accepts $4.3 Billion Brookfield Takeover Bid
American Equity Investment Life Holding Co. accepted a $4.3 billion cash and stock takeover bid from an arm
2023-07-05 21:52

This measure of European inflation just turned negative for the first time since 2020
European policymakers will have breathed a sigh of relief Wednesday as a key measure of inflation revealed the first drop in prices since 2020.
2023-07-05 21:18

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 20:27