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European Parliament adopts Annual Report on Competition Policy
Jun 19,2023
According to a news report, the Annual Report on Competition Policy presented by Renew Europe Group has been adopted by the European Parliament. The policy which was originally scheduled to be voted on in March 2020, was exceptionally amended again t...
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Google's merger with Fitbit under antitrust scrutiny
Jun 18,2023
The proposed merger of Google and Fitbit,filed to request an approval with the European Commission (EC) this week, is under antitrust scrutiny worldwide. The proposed merger was  announced late last year and anticipates Google acquiring wea...
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Israel approves class action against Facebook; invalidates jurisdiction clause
Jun 17,2023
An Israeli court has approved a$400million class action case against Facebook in a privacy-related case. Filed in the Central District Court by Ohad Ben Hamo, the case argues that Facebook violates users' privacy by using their private posts to deter...
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US think tank publishes IoT security white paper
Jun 15,2023
US think tank, Atlantic Council together with the Scowcroft Center for Strategy and Security and the Cyber Statecraft Initiative, published a new white paper titled The reverse cascade: Enforcing security on the global IoT supply chain. The paper sug...
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Statement of Objections by the EU Commission on Google's practices in adtech
Jun 14,2023
The European Commission has informed Google of its preliminary view that the company breached EU antitrust rules by distorting competition in the advertising technology industry ('adtech'). Google, has been accused of abusing its dominant position in...
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US judge grants FTC request to block Microsoft -Activision deal
Jun 14,2023
The US District Court Judge for the Northern District of California, Edward Davila, granted the Federal Trade Commission's (FTC) request to temporarily block Microsoft's acquisition of Activision Blizzard's$69 billion deal. FTC claimed in its filing ...
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FTC asks US court to block Microsoft -Activision deal
Jun 13,2023
The US Federal Trade Commission (FTC) has asked the federal judge of the District Court for Northern District of California to temporarily block Microsoft's acquisition of Activision Blizzard$69 billion deal. According to the filling, FTC claimed tha...
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Financial regulator in Nigeria orders Binance to halt operations in the country
Jun 12,2023
This week, Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange, Binance, to halt its operations in the country. The move follows Nigeria's central bank's decision in 2021 to ban banks and financial institutions from de...
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US charges two Russians in the 2014 Mt. Gox Bitcoin heist
Jun 11,2023
The US Department of Justice has accused two Russian nationals, Alexey Bilyuchenko and Aleksandr Verner, of conspiring to launder 647,000 Bitcoins that had been stolen from the Mt. Gox Bitcoin exchange in 2014. At that time, the stolen currency was w...
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Government of Canada awards over CAD$3 million for research to protect and empower Canadian consumers
Jun 10,2023
According to a news report Honourable Fran?ois-Philippe Champagne, Minister of Innovation, Science and Industry of Canada has announced that the government has allocated an amount of CAD$3 million in funding to support 21 consumer-interest projects t...
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European consumer organization files complaint against social media platforms over misleading promotion
Jun 09,2023
The European Consumer Organization (BEUC) filed a complaint with the European Commission and consumer authorities against Instagram, YouTube, TikTok, and Twitter. It alleges that these platforms facilitate the 'misleading' promotion of cryptocurrenci...
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The European Commission has published the preliminary results of its sector inquiry on IoT devices for consumers
Jun 09,2023
The European Commission has published the preliminary results of its competition sector inquiry into markets for IoT-related products and services for consumers in the EU. The preliminary report covers the following topics: (1) the characte...
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