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Major Car Manufacturers Penalized: EU Imposes €458 Million Fine on VW, Stellantis, Renault, and Others

Major Car Manufacturers Penalized: EU Imposes €458 Million Fine on VW, Stellantis, Renault, and Others
2 months ago

In a significant regulatory crackdown, the European Union has levied fines totaling €458 million ($495 million) on major automotive companies, including Volkswagen, Stellantis, and Renault. This decision, announced on April 1, 2025, follows an extensive investigation into alleged collusion among several car manufacturers regarding the development of technologies aimed at lowering harmful emissions.

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Frito-Lay Faces Hefty $36 Million Antitrust Penalty in Turkey

Frito-Lay Faces Hefty $36 Million Antitrust Penalty in Turkey
3 months ago

The Turkish Competition Authority has imposed a substantial fine of 1 billion lira (approximately $36 million) on Frito-Lay, the renowned snack food division of PepsiCo, for engaging in practices deemed anti-competitive. This penalty comes as part of a broader review by the authority, which is actively scrutinizing market behavior across various sectors to ensure fair competition.

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SEC Unveils New Rules as Fed Liquidity Facility Usage Declines

SEC Unveils New Rules as Fed Liquidity Facility Usage Declines
7 months ago

In a recent development, the U.S. Securities and Exchange Commission (SEC) has introduced new regulations aimed at providing a safety net for financial markets amidst a noticeable decrease in the utilization of the Federal Reserve's liquidity facilities. This strategic move by the SEC underscores a proactive approach to ensure market stability as economic conditions evolve.

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