In the Philippines, Grab’s acquisition of Uber’s operations is moving forward with approval from the country’s governing body for competition. The Philippine Competition Commission (PCC) approved the deal, assuming that the firm adheres to certain rules designed to keep the market fair for consumers, Reuters reported....
Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes a bankruptcy filing by Brookstone, Apple surpassing the $1 trillion market cap milestone, Amazon getting hit by Italian regulators, Kroger launching delivery in key markets...
Amazon has been hit with a fine from AGCOM, Italy’s communications regulator, for providing postal services without getting approval from the government. According to a report in Reuters, Amazon was fined $348,360. AGCOM also announced it was looking into the parcel delivery services Amazon offers...
The fine, finally. Tongue in cheek as that sentiment may be, the EU fine levied over Android and dominance of that operating system has been a long time coming for Google. And now there’s a definitive amount, and it’s nothing to sneeze at: $5 billion...
November 04, 2019
Proposals in both chambers of Congress would limit the use of anonymous shell companies, impacting small businesses in the U.S. Last month, the House passed a bill that would require most limited-liability companies (also known as shell companies) with 20 employees or fewer and no physical office to inform the Treasury Department about who holds […]
August 10, 2018
In the Philippines, Grab’s acquisition of Uber’s operations is moving forward with approval from the country’s governing body for competition. The Philippine Competition Commission (PCC) approved the deal, assuming that...
August 02, 2018
Amazon has been hit with a fine from AGCOM, Italy’s communications regulator, for providing postal services without getting approval from the government. According to a report in Reuters, Amazon was...
