News highlights – 23 July 2017

Written by on July 24, 2017 in News with 0 Comments

News highlights for 23 July 2017

REUTERS/Pascal Rossignol

FTC looks into Amazon’s deceptive discounting

WASHINGTON (Reuters) – As part of its review of Amazon’s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. Read more…

Amazon spent $3.2 million on Washington lobbying efforts – last quarter

WASHINGTON (Reuters) – Amazon, facing potential criticism of its plan to buy Whole Foods Markets, continued its multi-million lobbying effort – shelling out $3.2 million in the second quarter of this year – an increase from the $2.9 million spent in the first three months. Read more…

Half of German companies have been hacked in some way: Bitkom

BERLIN (Reuters) – More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said on Friday, and estimated the attacks caused around 55 billion euros’ worth of damage a year. Read more…

Mastercard ducks $18 billion class action suit in the UK

LONDON (Reuters) – A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked by a British court on Friday. Read more…

Innovative app based Kenyan bond misses target

NAIROBI (Reuters) – An innovative Kenyan bond which is bought via mobile phone had raised far less than the 1 billion shillings ($9.6 million) targeted on Friday, failing to match a previous success. Read more…

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