Amazon Faces UK Probe Over Suspected Anti-competitive Practices

Amazon Faces UK Probe Over Suspected Anti-competitive Practices

LONDON (Reuters) -Britain’s antitrust watchdog is investigating Amazon.com Inc on concerns it was hurting competition by giving its own sellers an unfair advantage over third-parties on the marketplace. The move adds to the global regulatory scrutiny of the U.S. tech giant. Britain’s Competition and Markets Authority (CMA) said it opened an investigation on Tuesday into…

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Tesla Sold 78,000 China-made Vehicles In June, CPCA Preliminary Figures Show

Tesla Sold 78,000 China-made Vehicles In June, CPCA Preliminary Figures Show

SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc sold around 78,000 China-made vehicles in June, according to preliminary estimates published by the China Passenger Car Association (CPCA) showed on Wednesday. This was up by 142% from May, when Tesla sold 32,165 China-made vehicles. CPCA also said its preliminary estimates indicated that 1.926 million passenger…

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Australia's 'big Four' Banks Pass On Full 50 Bp Variable Mortgage Rate Hike

Australia’s ‘big Four’ Banks Pass On Full 50 Bp Variable Mortgage Rate Hike

(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate hike in full to their customers. Commonwealth Bank of Australia, National Australia Bank, Australia and New Zealand Banking Group and Westpac Banking Corp all lifted…

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Taiwan Touts New Air Force Advanced Training Jet's Abilities

Taiwan Touts New Air Force Advanced Training Jet’s Abilities

By Fabian Hamacher TAITUNG, Taiwan (Reuters) – Taiwan’s air force showed off its new locally designed and made jet trainer on Wednesday, touting the more advanced, combat-capable abilities of the aircraft that will replace aging and accident-prone existing equipment. Taiwan’s armed forces are mostly equipped by the United States, but President Tsai Ing-wen has made…

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