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The Latest Breaking News from CMA

Sharp cut in fuel prices after retailers given ‘good prod’ by regulator, AA says

Average petrol prices dropped twice as fast following a Competition and Markets Authority report.

The Independent UK

Generative AI: Questions for competition and consumer protection authorities

The growth of GenAI has surged, with governments now striving to establish regulations that mitigate potential risks while still fostering the transformative power of AI.

TechRadar

Vodafone UK-facing staff shouldn't worry about job cuts this year, boss says

The telecoms giant has plans to axe 11,000 jobs, including some at its global HQ in Paddington, but Margherita Della Valle suggested the UK-facing arm may see less cuts

Evening Standard

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Peyton Manning will co-host the CMA Awards tonight (Nov. 8) on ABC

Peyton Manning will co-host the CMA Awards on ABC tonight.

USA Today Sports Media Group

Amazon and Facebook owner Meta agree to protect consumers, CMA says

Sites agree to stop practices that give them an unfair advantage over businesses and shoppers

The Guardian - UK

Supermarkets and other fuel retailers ripping off motorists to be ‘named and shamed’

Energy Security Secretary Claire Coutinho steps in to stop motorists being ripped off by high prices at the pump

Evening Standard

Heathrow: competition watchdog orders rethink on charges

CAA told to partly reconsider decision on how much hub can charge airlines for using its services

The Guardian - UK

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Vodafone-Three merger could add up to £300 a year to mobile bills, says union

Tie-up is a ‘terrible deal for Britain’ that also poses risks for national security, Unite claims

The Guardian - UK

JP Morgan CEO warns world may be facing most dangerous time in decades – business live

Jamie Dimon says war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships

The Guardian - UK

Microsoft completes $69bn deal to buy Call of Duty maker Activision Blizzard

Completion of sale follows regulator’s decision to allow it after competition concerns were addressed

The Guardian - UK

CMA warns on Microsoft behaviour as it clears Activision merger

The boss of the competition regulator today issued a fierce missive to Microsoft as it finally cleared the tech giant’s blockbuster merger with Activision, ending a months-long battle to get the deal over the line.

Evening Standard

BBC and ITV investigated for suspected breaches of competition law

The Competition and Markets Authority has launched a probe.

The Independent UK

BBC and ITV among broadcasters investigated over possible competition law breaches

Regulator to look into use of freelancers and agencies to produce, create and broadcast content across UK

The Guardian - UK

Latest attack by Tuareg rebels signals northern Mali is back at war

Tuareg rebels this week claimed to have captured a camp belonging to Mali's armed forces in the north of the country, where clashes have been escalating since August. As the Malian army sends a convoy to fight back the rebels, experts are warning of an all-out war.

Radio France Internationale

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Fortune

The walls close in on Google’s data practices as European antitrust enforcement bites

Germany’s Bundeskartellamt has forced Google to stop sharing user data between services without consent.

The Independent UK

Fears about Amazon and Microsoft cloud computing dominance trigger UK probe

Concerns from regulators about the dominance of Amazon and Microsoft in Britain’s cloud computing market have triggered a investigation into the competitiveness of the key industry

Evening Standard

CMA probes Microsoft’s grip on cloud market

The UK’s £7.5 billion cloud services market is to be the subject of a full investigation over concerns that Amazon and Microsoft are too dominant.

The Guardian - UK

WTO slashes world trade forecast as manufacturing slowdown bites – as it happened

Rolling coverage of the latest economic and financial news, as WTO warns that global economic fragmentation is hurting trade growth

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The Independent UK

Merger could push up scampi prices in UK pubs and restaurants, CMA finds

The merger of the UK’s two largest suppliers could mean higher prices in fish and chip shops, pubs and restaurants, a watchdog has said.

The Guardian - UK

UK cost of diesel soars as RAC says petrol is ‘overpriced by about 7p a litre’

Diesel up by more than 8p to 163p in September and petrol by 4.5p to 152p amid global oil production cuts

The Independent UK

Tie-up between Hotpoint and Beko businesses could harm competition – CMA

The CMA said that unless Arcelik can address its worries, it will launch a full scale in-depth probe into the deal.

The Independent UK

Microsoft's revamped $69 billion deal for Activision gets closer to UK approval

British competition regulators has signaled that Microsoft’s restructured $69 billion deal to buy video game maker Activision Blizzard is likely to receive antitrust approval

The Guardian - UK

UK recession risk mounts as business falters; mortgage lenders cut rates – as it happened

Business activity shrinks at fastest pace since financial crisis excluding Covid months; some fixed five-year mortgage rates dip below 5%

The Guardian - UK

UK set to clear Microsoft’s deal to buy Call of Duty maker Activision Blizzard

The $69bn acquisition is expected to go ahead as revised proposal addresses regulator’s concerns

Evening Standard

Fresh Microsoft-Activision deal ‘opens the door’ to being cleared, CMA says

Microsoft’s blockbuster deal with Call of Duty maker Activision got a step closer to completion today after the UK competition watchdog said a revised version of the deal addressed its concerns, adding that it “opens the door” to being cleared.

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Margherita Della Valle

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