
OCBC’s Great Eastern in Talks to Buy MetLife Malaysian Arm, Sources Say
Singapore insurer Great Eastern Holdings Ltd. is in talks to buy MetLife Inc.’s Malaysian venture, according to people
2023-07-31 18:21

Arrival to convert Antara's $20 million loan into equity
Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP's $20 million loan
2023-06-06 20:45

Deshaun Watson defends his drive as he deals with injury: 'Why wouldn't I want to play?'
Browns quarterback Deshaun Watson is defending himself against critics who don't think he's pushing hard enough to return from a shoulder injury
2023-10-27 05:16

Shell's renewables boss to leave after CEO strategy shift
By Ron Bousso LONDON (Reuters) -Shell's head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on
2023-06-30 20:45

Turkish State Banks Resume Supporting Lira as Rout Deepens
Turkey’s state-run banks re-entered the foreign-currency market on Monday, selling as much as $1 billion by midday to
2023-07-03 20:55

Australia cricket great Border reveals he has Parkinson's
Former Australia captain Allan Border revealed on Friday he is suffering...
2023-07-01 02:20

DeChambeau gets first LIV Golf win in style with a 58 at Greenbrier
Bryson DeChambeau has his first LIV Golf victory and his name in the record book
2023-08-07 08:50

Turkish Economic Downshift Worse Than Forecast After Rate Hikes
Turkey’s economy cooled last quarter as the central bank moved to tighten monetary policy after May elections, a
2023-11-30 16:20

Is Mar-a-Lago worth $1 billion? Trump's winter home valuations are at the core of his fraud trial
How much is Donald Trump’s Mar-a-Lago worth
2023-10-09 22:59

Leicester fined up to £880,000 over price fixing with JD Sports
Leicester are to be fined up to £880,000 after “colluding to restrict competition” alongside JD Sports in the sales of club clothing, including replica kit, according to the UK competition watchdog. The Competition and Markets Authority (CMA) has said the Sky Bet Championship side and JD Sports have admitted to anti-competitive behaviour, which include “price fixing conduct”. The parties broke competition law between 2018 and 2021 with arrangements which limited competition in the sale of clothing, the CMA said it has provisionally found. Leicester and its parent companies have agreed to pay a fine up to the watchdog’s maximum penalty of £880,000. JD Sports will avoid a fine after reporting the illegal activity. In August 2018, JD Sports said it would stop selling Leicester-branded clothing online for the 2018-19 season, and in January 2019, JD Sports agreed it would not “undercut” the club in terms of online sales for the following season by applying a delivery charge to all orders, the CMA said. It said JD Sports continued the agreement to sell all Leicester clothing with the charge until at least January 2021. Michael Grenfell, executive director of enforcement at the CMA, said: “Strong and unimpeded competition between retailers is essential to consumers’ ability to shop around for the best deals. “Football fans are well-known for their loyalty towards their teams. In this case we have provisionally found that Leicester City FC and JD Sports colluded to share out markets and fix prices with the result that fans may have ended up paying more than they would otherwise have done. “Both parties have now admitted their involvement, allowing us to bring the investigation to a swift conclusion. “The fine that Leicester City FC and its parent companies have agreed to pay sends a clear message to them and other businesses that anti-competitive collusion will not be tolerated.” In response, Leicester stressed that no current club directors or senior management were involved in the arrangements. “These arrangements related to a limited number of bulk orders by JD Sports, which were accepted by the club’s retail sales team over the relevant period,” the club added. “There was no intention on the part of the club to unlawfully restrict the resale of the goods supplied and no material financial advantage to be gained from doing so, given the limited amount of kit supplied to JD Sports. “However, the club accepts the CMA’s findings and has taken steps to strengthen its training and compliance measures to ensure the club’s retail operations fully comply with competition law.” JD Sports also highlighted that current or former directors or senior management of JD were involved in the offending conduct and that it signed a leniency agreement with the CMA last month. The company added: “JD has taken a number of steps to strengthen its competition compliance programme and the board reaffirms its commitment to making the necessary resource available, internal and external, to ensure that this is embedded into its daily operations.” It comes almost a year after JD Sports, rival Elite Sports and Rangers were handed fines over price fixing on replica kits. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Paris St Germain sack Christophe Galtier Wimbledon schedule further affected as rain prevents play on Wednesday morning Keira Walsh fears injury ‘every time I go on the pitch’ due to increased load
2023-07-05 20:16

Devon Archer says Joe Biden discussed 'nothing' important with Hunter Biden business associates, transcript shows
Hunter Biden's former business partner told lawmakers, throughout his nearly five hours of testimony earlier this week, that "nothing" of importance was discussed the 20 times he recalled then-Vice President Joe Biden being placed on speaker phone during meetings with business partners, according to a full transcript of the closed-door interview released by House Oversight Committee Republicans on Thursday.
2023-08-04 00:19

Kipyegon seals historic hat-trick of world 1500m titles, Hassan bags bronze
Kenya's Faith Kipyegon produced a devastating last lap to win an unprecedented third world women's 1500m title in Budapest on Tuesday as...
2023-08-23 04:52
You Might Like...

Who is Larry Manthe? Elderly man, 79, shoots girlfriend in the head, calls it suicide after she tries to end relationship

New Zealand debates whether ethnicity should be a factor for surgery waitlists

MLS regular season returns with pair of fixtures rescheduled

How to watch Canada, Spain and Japan in 2023 Women's World Cup

Phoenix racetrack to end live racing, which means its OTB sites will close

Naylor drives in 3, Bibee pitches into 7th inning as Guardians beat White Sox 6-3

Seahawks showing signs of having a defense that can win games

Fury vs Ngannou rules: How many rounds and do knockouts count?