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By David Lawder WASHINGTON U.S. Trade Representative Katherine Tai's meetings with North American trade partners Canada and Mexico
2023-07-06 03:46

Some Fed officials backed rate hike in June, minutes show
Some members of the US Federal Reserve's rate-setting committee supported another interest rate hike in June to tackle high inflation, but ultimately voted for a...
2023-07-06 03:24

Meta's Twitter-like Threads app will not launch in Europe
Facebook owner Meta's new Threads app, meant to rival Twitter, will not be available in the European Union when it launches Thursday because of regulatory concerns, a...
2023-07-06 02:56

US forces prevented Iran from seizing two tankers near Oman: Pentagon
The US military said Wednesday it had blocked two attempts by the Iranian navy to seize commercial tankers in international waters off Oman, including one case in which...
2023-07-06 01:58

Automakers report higher Q2 car sales in US
Leading automakers reported a jump in quarterly US car sales Wednesday, reflecting increased vehicle inventory levels and the support of...
2023-07-06 01:52

Booming traffic to OpenAI's ChatGPT posts first ever monthly dip in June -Similarweb
By Krystal Hu ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website
2023-07-06 00:23

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

U.S. factory orders miss expectations in May
WASHINGTONNew orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders
2023-07-05 22:52

The 27 Best Rolling Luggage For A Smooth Journey
When you're not packing for a quick getaway, rolling luggage is a true travel necessity — and we're talking about four-wheel-drive suitcases that guarantee smooth travels. The thought of running to catch a flight with the bulkiness of a handheld weekender bag (or navigating a subway and/or a train) has our heads absolutely spinning (and not like a helpful pair of luggage wheels). So instead, we're here to show you where to buy the best rolling luggage.
2023-07-05 22:22

Let's face it, Twitter is not a free app anymore
You've likely heard of the carrot and stick routine. When you need to coerce people
2023-07-05 21:21

Saudi says oil cuts show not at odds with Russia
Saudi Arabia on Wednesday dismissed talk of discord with oil ally Russia, praising their coordinated decisions to remove barrels from the market in...
2023-07-05 20:53

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
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