Category: monopoly
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IMF, World Bank split on Kenya Power monopoly
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The IMF and World Bank have disagreed over the push to end Kenya Power’s monopoly on selling electricity to homes and businesses. The International Monetary Fund wants Kenya to speed up regulations that would allow other companies to sell power in competition with utilities, arguing that the country is behind…
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World Bank resists push to end Kenya Power monopoly
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The World Bank has warned the Kenyan government as it seeks to end Kenya Power’s monopoly on selling electricity to homes and businesses, saying exposing the utilities to competition would lead to higher electricity prices. Bretton Woods believes allowing other companies to sell power also risks the Nairobi Stock Exchange-listed…
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US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports By Reuters
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(Reuters) – The U.S. Justice Department plans to file a lawsuit against Visa Inc., the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit against Visa in federal court…
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US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports By Reuters
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(Reuters) – The U.S. Justice Department plans to file a lawsuit against Visa Inc., the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit against Visa in federal court…
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Google search monopoly US case remedies to come by December By Reuters
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Written by Judy Godoy The U.S. Justice Department plans to issue a blueprint by December on what Alphabet Inc’s Google must do to restore competition after a judge earlier found the company had an illegal monopoly on the online search market, prosecutors said at a court hearing in Washington on…
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El Al milks monopoly on Tel Aviv – New York flights
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Since the outbreak of war last October, US airlines have dramatically reduced their flights to and from Israel and have now cancelled all of them, leaving El Al Israel Airlines Ltd. (level:Ilal) as the sole carrier on the Tel Aviv-New York route. This situation was clearly demonstrated in El Al’s…