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UK ministers to cut regulation around tech innovation to boost growth
Latest announcement includes setting of performance metrics for regulators.
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New UK competition rules to affect global deal reviews for tech and pharma
The pharma industry has been the focus of recent competition investigations in the UK, EU and US.
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Microsoft hits out at CMA investigation into UK cloud services
The US tech giant has called the regulator’s latest move “a step in the wrong direction.”
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CMA head says regulator will interfere in fewer global deals in the future
UK regulators are under increasing pressure from the government to cut red tape and prioritise economic growth.
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GRIP Extra: Nvidia beats forecasts, Meta fires employees over leaks
Other news includes various developments in DEI, vocal US concerns about the EU’s CSDDD and an updated IFRS for SMEs.
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CMA receives offer from Vifor Pharma
If the offer is accepted, Vifor Pharma’s commitments will become legally binding and the CMA will not have to determine if the law was broken.
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Industry digests big fines for four banks over exchanges of sensitive information on gilts
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to settle cases and will pay over £100m ($126.2m).
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CMA reaches settlement with four banks in sensitive information sharing case
Four of the banks that were being investigated have agreed to pay fines totalling more than $132m collectively.