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US: DOJ announces guilty LIBOR plea of ex-Rabobank exec (Competition Policy International)

by 21st Century Competition | Jun 11, 2014 | Global Blogs

The Department of Justice announced Wednesday that a former executive at Japanese bank Rabobank has pleaded guilty for conspiring to manipulate the Yen LIBOR benchmark, reports say. Takayuki Yagami was charged with one count of band fraud and one count of conspiracy...

China: Alibaba inks nation’s largest-ever Internet merger (Competition Policy International)

by 21st Century Competition | Jun 11, 2014 | Global Blogs

Leading Chinese mobile browser firm UCWeb will be acquired by Alibaba, reports say, in a deal being touted as the largest Internet merger in China’s history. The e-commerce company is slated to acquire one-third of UCWeb, allowing the web browser to more...

EU: Commission VP Kroes looks to ease chaos of taxi, Uber war (Competition Policy International)

by 21st Century Competition | Jun 11, 2014 | Global Blogs

As taxi drivers across London brought the streets to a standstill Wednesday in boycott of Uber, European Commission Vice President Neelie Kroes entered the debate to assure that while cab drivers’ concerns are legitimate, it is in Europe’s best interest to...

UK: Tesco facing competition fines after Guardian exposé (Competition Policy International)

by 21st Century Competition | Jun 11, 2014 | Global Blogs

After UK newspaper the Guardian revealed supermarket giant Tesco had failed to comply with a Competition Commission order made four years ago, reports say the company is facing possible fines. The Commission ruled in 2010 that Tesco violated competition rules by...

EU: Questionable tax practice probe spreads to Starbucks, others (Competition Policy International)

by 21st Century Competition | Jun 11, 2014 | Global Blogs

Following the news that the European Commission is launching an investigation into Apple’s tax practices in Ireland, reports say the probe will also include the tax practices of other major companies, including Starbucks and Fiat, in more member states other...
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