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The Latest Breaking News from CMA

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

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.

Al Jazeera

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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 Guardian - UK

PM accuses Sir Keir Starmer of ‘clobbering’ drivers

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

The Independent 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

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

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Google faces multibillion-pound lawsuit from UK consumers

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

The Guardian - 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 Independent 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

The Guardian - UK

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."

TechRadar

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.…

StockNews.com

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.

Inverse

Microsoft's Revised Acquisition Plan Could See Activision Cloud Gaming Go to Ubisoft

In its latest move meant to accelerate regulatory green-light, Microsoft has sold cloud gaming rights for its Activision game portfolio to Ubisoft Plus.

Tom’s Hardware

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TechRadar

UPDATE: Bobby Kotick confirms Activision Blizzard streaming rights are to be sold to Ubisoft to counter monopoly concerns

In an effort to appease the UK mergers regulator, Microsoft has offered to sell streaming rights for Activision Blizzard games to Ubisoft.

PC Gamer

Microsoft rejigs $69B Activision Blizzard deal to placate UK regulators, offers all cloud gaming rights to Ubisoft for 15 years

Bobby Kotick though says 'nothing substantially changes'.

The Independent UK

Microsoft submits new plan in £54bn takeover battle with UK competition watchdog

The Competition and Markets Authority had originally blocked the multibillion-dollar deal.

The Guardian - UK

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

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Windows Central

To appease the CMA, Microsoft restructures the Activision Blizzard King deal

Microsoft Vice President Brad Smith has penned a blog regarding the Activision Blizzard King deal that details Microsoft's plans to sell cloud gaming rights for ABK titles to Ubisoft in perpetuity.

The Guardian - UK

Microsoft submits new Activision Blizzard deal to win over UK regulator

CMA opens new investigation into $69bn acquisition as tech firm offers to sell cloud gaming rights to Ubisoft

Evening Standard

Microsoft submits fresh Activision merger proposal after CMA rejection

The CMA said it will begin a new investigation with a deadline for a decision set for 18 October

Radio France Internationale

UN force leaves base in northern Mali early due to insecurity

The UN peacekeeping mission in Mali has brought forward its withdrawal from a base in the north of the country due to deteriorating security conditions.

Evening Standard

Monzo is UK’s best bank, Virgin Money and RBS the worst, says CMA survey

The Competition and Markets Authority’s latest satisfaction survey asked customers how likely they would be to recommend their provider to a friend, relative or other business

The Independent UK

Digital banks beat high street lenders in customer satisfaction survey

Monzo was voted the best provider for individuals and businesses in a survey of thousands of people in Britain.

Al Jazeera

UN forces in Mali speed up withdrawal as security deteriorates

UN’s impending pullout has fuelled tensions between Mali’s military gov’t and rebel Coordination of Azawad Movements.

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