EU's Vestager warns of more anti-cartel raids, criticises 'no-poach' deals


  • World
  • Friday, 22 Oct 2021

FILE PHOTO: European Commission's executive Vice President Margrethe Vestager delivers a speech during a debate on EU-Taiwan political relations and cooperation at the European Parliament in Strasbourg, France, October 19, 2021. Ronald Wittek/Pool via REUTERS

BRUSSELS (Reuters) - EU enforcers are planning a series of raids against companies suspected of illegal price-fixing, Europe's anti-trust chief warned on Friday, as she also sounded the alarm about competition in labour markets due to "no-poach" deals.

The European Commission last week raided Europe's largest pulp producers Stora Enso and UPM, and Metsa Board unit Metsa Fibre, the first in two years as the COVID-19 pandemic halted such actions.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Huge blast at military base used by Iraqi Popular Mobilization Forces, army sources say
North Korea conducts cruise missile warhead test on Friday, KCNA says
Feature: Sudanese fall back on primitive means to maintain livelihood amid war
Haiti's death toll rises as international support lags, UN report says
UN warns 800,000 people in Sudan city in 'extreme, immediate danger'
Spain's Ebro-EV Motors, China's Chery join hands to develop new cars
U.S. stocks close mixed
More Ghanaians fall in love with Chinese language
Crude futures settle higher
U.S. dollar ticks up

Others Also Read