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The Latest Breaking News from CMA

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

The Independent UK

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.

Evening Standard

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

The Guardian - UK

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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 Independent 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 Guardian - 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 Independent UK

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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

The Guardian - UK

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.

Evening Standard

Vet group CVS keeps acquiring despite monopolies watchdog review

It comes as first-half profits leapt by 50% to £53.9 million.

Evening Standard

Tuaregs from Northern Mali call for the 'fall of the junta'

One of the armed groups from northern Mali has called for a full scale war against the junta. This despite attempts at dialogue and fears for the peace deal between the ex-rebels and government forces.

Radio France Internationale

New AI tools risk undermining consumer trust, warns competition watchdog

Phishing, misleading information and user maniupation could all be exacerbated by large language models

Evening Standard

AI boom may not have positive outcome, warns UK competition watchdog

Risks include high prices as well as proliferation of false information, fraud and fake reviews, says CMA

The Guardian - UK

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Al Jazeera

Tuareg rebels claim control of northern Mali town after weeks of fighting

Tuareg rebels says they have seized control of a military camp and posts in Bourem from army and Wagner mercenaries.

The Guardian - UK

Ban ticket resellers from making profit in UK, say musicians’ managers

Industry figures want ministers to follow Ireland and France’s lead and stop touts from making huge mark-ups

The Independent UK

PM accuses Sir Keir Starmer of ‘clobbering’ drivers

Rishi Sunak said the Conservatives are ‘not the party that is putting in levies’.

The Guardian - UK

Heathrow will have to cut passenger charges by about 20% in 2024

Airport, which had hoped to raise fees, loses appeal to UK competition watchdog in provisional ruling

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The Guardian - UK

‘Eye-watering’ vet bills at chain-owned surgeries prompt UK watchdog review

Competition regulator fears fewer independent practices mean pet owners have less chance to shop around

The Guardian - UK

Google faces multibillion-pound lawsuit from UK consumers

Lawsuit claims search engine stifled competition, contributing to rising cost of living for consumers

The Independent UK

UK vet sector under review amid worries over costs and competition

The Competition and Markets Authority said less than half of all vet practices are independent after intense consolidation in recent years.

The Guardian - UK

UK competition watchdog raises concerns over housing market

Some landlords could be breaching consumer protection rules, while CMA is also investigating land held by largest housebuilders

TechRadar

Xbox boss Phil Spencer says mobile is important for audience growth

Xbox boss Phil Spencer has discussed the ongoing Activision Blizzard deal, saying that the acquisition is about "mobile capability."

StockNews.com

Which of These Bank Stocks Should You Keep an Eye On?

The banking industry has grappled with several challenges this year, with the recent anxieties over rating downgrades exerting constant pressure on banking stocks. Amid this uncertainty, let’s evaluate Citigroup Inc. (C), M&T Bank Corporation (MTB), and Comerica Incorporated (CMA) to identify which among these you should keep an eye on.…

Inverse

Microsoft May Have Just Saved Ubisoft’s Game Pass Competitor

Microsoft gives Ubisoft a big win in a new deal that aims to appease the CMA's biggest worries about an Activision Blizzard acquisition.

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