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Amazon to pay C$1.1 million to settle Canada pricing case

January 12, 2017 by · Leave a Comment 

The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on …

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Amazon to pay C$1.1 million to settle Canada pricing case

competition

IMF’s Lagarde says markets need clarity on China currency

January 23, 2016 by · Leave a Comment 

Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a…

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IMF’s Lagarde says markets need clarity on China currency

competition

Google to pay $185 million UK back taxes, critics want more

January 23, 2016 by · Leave a Comment 

Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”. Google, now part of Alphabet Inc , has been under pressure in recent years over its practice of channeling most profits from European clients through Ireland to Bermuda, where it pays no tax on them. In 2013, the …

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Google to pay $185 million UK back taxes, critics want more

competition

VW China Chief: ‘volume isn’t everything’ in contest with GM

January 23, 2016 by · Leave a Comment 

Volkswagen AG's China chief said on Saturday he's optimistic in the company's outlook for this year, saying “volume isn't everything” in the competition with General Motors Co to lead the

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VW China Chief: ‘volume isn’t everything’ in contest with GM