News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Co-Op Admits Unlawfully Blocking Rival Store Openings

The Co-op has admitted breaching an order aimed at giving shoppers choice and access to the cheapest prices, blocking rival supermarkets from opening nearby more than 100 times. The UK's competition watchdog found that Co-op had breached an order which limits supermarkets' ability to prevent nearby land being used by rival retailers across England, Scotland, and Wales. This issue affects consumers who struggle to shop around to save money due to limited availability of cheaper options in their local area.

See Also

Microsoft Hits Back Against UK Competition Lawsuits, Slams AWS and Google Once Again Δ1.74

Microsoft has responded to the CMA’s Provision Decision Report by arguing that British customers haven’t submitted that many complaints. The tech giant has issued a 101-page official response tackling all aspects of the probe, even asserting that the body has overreacted. Microsoft claims that it is being unfairly targeted and accused of preventing its rivals from competing effectively for UK customers.

Warning Over Growing Coles and Woolworths Trend: 'People Don't Like Change' Δ1.73

Coles and Woolworths are increasingly focusing on their own-brand products, which could lead to a significant reduction in the variety of goods available to consumers, raising concerns about customer loyalty and local brand support. Experts warn that while this strategy may offer cost savings for shoppers, it risks alienating those who prefer familiar national brands and could ultimately affect the supermarkets' market positions. As these grocery giants expand their home-brand offerings, shoppers may find their favorite products disappearing from shelves, potentially leading to dissatisfaction and a shift in shopping habits.

Urgent Warning over New Aussie Discount Store After 'Nightmare' Opening: Stop Using Immediately Δ1.73

Panda Mart's rapid rise to popularity has raised concerns about product safety, with hundreds of potentially hazardous items seized by Consumer Affairs Victoria. The regulator has warned shoppers to avoid the store until further notice and return any purchased items for a refund. Authorities have expressed frustration that some products may have been sold despite failing to meet mandatory standards.

India's Fast-Delivery Giants Face Heat Over Deep Discounts Δ1.72

Indian consumer products distributors have filed an antitrust case against big fast-delivery businesses of Zomato, Swiggy and Zepto, calling for an investigation into alleged deep discounting practices that are upsetting smaller retailers. Quick commerce sales are booming in India, with companies like Zomato, Swiggy and Zepto expanding their warehouses and gaining market share. The All India Consumer Products Distributors Federation has asked the Competition Commission of India to investigate how discounts are doled out by these companies.

EU Must ‘Fully’ Apply Its Market Fairness Rulebook on Google, Search Rivals Urge Δ1.72

The European Union is facing pressure to intensify its investigation of Google under the Digital Markets Act (DMA), with rival search engines and civil society groups alleging non-compliance with the directives meant to ensure fair competition. DuckDuckGo and Seznam.cz have highlighted issues with Google’s implementation of the DMA, particularly concerning data sharing practices that they believe violate the regulations. The situation is further complicated by external political pressures from the United States, where the Trump administration argues that EU regulations disproportionately target American tech giants.

Tesco Trials Giant Trolley Scales in Gateshead Δ1.72

Tesco's new trial of giant trolley scales aims to identify missed or scanned items before checkout, but shoppers are divided on its effectiveness and implications for customer trust. The technology, which weighs trolleys before allowing customers to pay, has sparked concerns about potential loss prevention measures. However, some experts warn that such systems can be alienating if not implemented with care.

When Corporations Betray Consumers' Trust: The Economic Blackout That's Sparking Change Δ1.71

A retail boycott is hitting major US businesses Friday as an online campaign calls for Americans to spend nothing at places such as Walmart, Target, Amazon and McDonald’s. The motivation for the so-called "economic blackout" are varied, according to John Schwarz, founder of the grassroots organization The People’s Union, with Schwarz advocating for price reductions and tax avoidance by major corporations, while also condemning companies that have backed away from diversity, equity and inclusion (DEI) policies. This movement reflects growing concerns about corporate accountability and the power of consumer activism in driving change.

Aussie Fashion Retailer Collapses Amid Cost-of-Living Crisis Δ1.71

Ally Fashion has shut down nearly a third of its stores across the country, with 250 jobs lost. The closures mean 51 retail stores have ceased operating, including 19 in Queensland, 11 in New South Wales, eight in Victoria, seven in South Australia and six in Western Australia. Following an urgent assessment by liquidators, the business will continue to operate in the short term while exploring options for restructuring or sale.

'We Don't Need a Gail's' - The Coffee Shop Boom Dividing Locals Δ1.71

The expansion of the controversial cafe chain Gail's into towns like Macclesfield has sparked mixed reactions among residents, with some welcoming the new addition while others express concern over its impact on local businesses and community identity. Critics argue that the presence of yet another chain threatens the survival of independent cafes and could lead to rising prices in the area. Conversely, supporters view Gail's as a positive addition that could enhance the local economy and attract more visitors to the town.

UK Competition Watchdog Drops Microsoft-OpenAI Probe Δ1.71

The UK competition watchdog has ended its investigation into the partnership between Microsoft and OpenAI, concluding that despite Microsoft's significant investment in the AI firm, the partnership remains unchanged and therefore not subject to review under the UK's merger rules. The decision has sparked criticism from digital rights campaigners who argue it shows the regulator has been "defanged" by Big Tech pressure. Critics point to the changed political environment and the government's recent instructions to regulators to stimulate economic growth as contributing factors.

Apple Refuses to Break Encryption, Seeks Reversal of UK Demand for Backdoor Δ1.71

Apple's appeal to the Investigatory Powers Tribunal may set a significant precedent regarding the limits of government overreach into technology companies' operations. The company argues that the UK government's power to issue Technical Capability Notices would compromise user data security and undermine global cooperation against cyber threats. Apple's move is likely to be closely watched by other tech firms facing similar demands for backdoors.

Apple Appeals to Overturn UK Government's 'Back Door' Order Δ1.71

Apple has appealed a British government order to create a "back door" in its most secure cloud storage systems. The company removed its most advanced security encryption for cloud data, called Advanced Data Protection (ADP), in Britain last month, in response to government demands for access to user data. This move allows the UK government to access iCloud backups, such as iMessages, and hand them over to authorities if legally compelled.

Target Faces Near-Term Profit Squeeze From Tariffs, Cautious Spending Δ1.71

Target's forecast full-year comparable sales came below estimates after a discount-driven holiday quarter results beat, and said uncertainty around tariffs as well as consumer spending would weigh on first-quarter profits. The company joined Walmart and Best Buy in raising caution about their expectations for the year as sticky inflation and tariffs temper demand. Target expects comparable sales to be flat in the year through January 2026, compared with analysts' average estimate of 1.86% growth.

How Major Bank Rolls Out Multi-Layered Security for Millions of Customers. Δ1.71

Commonwealth Bank is introducing a new layer of security to its internet banking, requiring millions of customers to approve each login attempt via the app. The bank claims this will make it harder for fraudsters to access customer accounts. However, critics argue that the added complexity may push some users away from mobile banking altogether.

Aldi Announces Biggest Change to Their Business in Their 50-Year History Δ1.70

Aldi is embarking on its largest transformation yet, with plans to open 225 new locations in 2025, marking a significant shift in the discount grocery chain's business model. The company aims to convert over half of these new stores into existing supermarkets, such as Winn-Dixie and Harveys Supermarkets, in the Southeast region. This move is expected to bring about a more streamlined shopping experience for Aldi customers.

Cyclone Looms as Aussie Staple Disappears From Shop Shelves Δ1.70

Panic buying has struck supermarkets across South East Queensland amid forecasts of Tropical Cyclone Alfred crossing the east coast, leaving shelves bare of essential items like bottled water, eggs, milk, and bread. Supermarkets are struggling to keep up with demand for these staples, leading some customers to resort to panic buying in preparation for possible supply outages ahead of the category 1 system intensifying off the coast. As the cyclone approaches, residents are being urged to prepare for intense rainfall and damaging winds.

Lab-Grown Food Could Be Sold in UK in Two Years Δ1.70

The Food Standards Agency (FSA) is accelerating the approval process for lab-grown foods, with the potential for meat, dairy, and sugar products to be available for human consumption in the UK within two years. UK firms are pushing for streamlined regulations to compete with countries like Singapore and the US, where approval processes are significantly faster. While the FSA emphasizes consumer safety and innovation, critics raise concerns about conflicts of interest and the health implications of introducing ultra-processed lab-grown foods.

US Retailers Publicly Scrap Some 'DEI' Initiatives While Quietly Supporting Others Δ1.70

US retailers are walking a tightrope between publicly scrapping diversity, equity and inclusion programs to avoid potential legal risks while maintaining certain efforts behind the scenes. Despite public rollbacks of DEI initiatives, companies continue to offer financial support for some LGBTQ+ Pride and racial justice events. Retailers have also assured advocacy groups that they will provide internal support for resource groups for underrepresented employees.

UK Regulator Clears Microsoft’s $13bn Deal with OpenAI After Lengthy Delay Δ1.70

The UK Competition and Markets Authority (CMA) has ended its investigation into Microsoft's partnership with OpenAI, concluding that the relationship does not qualify for investigation under merger provisions. Despite concerns about government pressure on regulators to focus on economic growth, the CMA has deemed the partnership healthy, citing "no relevant merger situation" created by Microsoft's involvement in OpenAI. The decision comes after a lengthy delay and criticism from critics who argue it may be a sign that Big Tech is successfully influencing regulatory decisions.

Best Buy and Target Warn of Price Jumps Caused by Trump's Tariffs Δ1.70

Best Buy and Target are alerting consumers to expect immediate price increases as a result of President Trump's recently implemented tariffs on imported goods from Canada, Mexico, and China. Retail leaders indicate that manufacturers will likely pass these costs onto retailers and ultimately the consumers, affecting a substantial portion of retail goods, particularly in the food and electronics sectors. The tariffs could disrupt international supply chains, heightening financial strain on markets both domestically and globally.

UK Drops Antitrust Probe Into Microsoft and OpenAI Tie-Up Δ1.70

The UK's Competition and Markets Authority has dropped its investigation into Microsoft's partnership with ChatGPT maker OpenAI due to a lack of de facto control over the AI company. The decision comes after the CMA found that Microsoft did not have significant enough influence over OpenAI since 2019, when it initially invested $1 billion in the startup. This conclusion does not preclude competition concerns arising from their operations.

Tariffs Take Toll on Target's Holiday Season Sales and Profits Δ1.70

Target reported strong fourth-quarter profits but warned that tariffs and other costs would put pressure on its earnings in 2025. The retailer beat estimates, however, and shares rose slightly before the opening bell. Despite a decline in sales revenue, comparable sales rose 1.5% during the quarter, higher than the previous quarter's gain.

Business News Roundup Faces Financial Dilemmas, Regulatory Challenges, and Competitive Pressures Δ1.70

Consumer Reports has released its list of the 10 best new cars to buy in 2025, highlighting vehicles with strong road test scores and safety features. The announcement comes as Eli Lilly & Co. is expanding its distribution of weight-loss drug Zepbound at lower prices, while Target is scaling back its DEI efforts amidst declining store visits. Meanwhile, Costco's luxury goods segment continues to grow, and Apple has secured President Trump's backing for its new investment plan.

Lvmh's Dior Italian Unit Cleared of Labour Exploitation Allegations Δ1.70

An Italian court has lifted controls on LVMH's Dior Italian unit after the company adopted required organisational model and supplier control procedures, resolving relationships with 'at-risk' suppliers quickly and developing best practices that received court approval. The Milan court had imposed special administrations on the fashion brand last year due to allegations of labour exploitation in its manufacturing process. Dior has strengthened its operations along the supply chain, setting a new benchmark for best practice in the industry.

US V. Google: All the News From the Search Antitrust Showdown Δ1.70

A 10-week fight over the future of search. Google's dominance in search is being challenged by the US Department of Justice, which seeks to break up the company's monopoly on general-purpose search engines and restore competition. The trial has significant implications for the tech industry, as a court ruling could lead to major changes in Google's business practices and potentially even its survival. The outcome will also have far-reaching consequences for users, who rely heavily on Google's search engine for their daily needs.