The results of Coupang’s suspicions of “promotion negotiated with the company” regarding search site manipulation will soon be revealed.
It has been confirmed that Coupang is being investigated by the Fair Trade Commission on suspicion of passing on promotional costs to subcontractors who produce and deliver its own branded (PB) products.
The Fair Trading Commission will soon decide whether to impose sanctions on accusations of manipulating PB products such as ‘Exploration’ and ‘Comet’ to appear at the top of search sites.
According to the distribution industry on the 24th, the Fair Trade Commission is currently conducting a final investigation into Coupang’s violation of the subcontracting law. Accordingly, there is speculation that the Fair Trade Commission will send a review report, equivalent to an indictment by the prosecution, as early as the first half of the year (January to June).
The problem was the suspicion that Coupang passed on promotional costs to subcontractors while lowering the prices of some poorly performing PB products. This means that companies that manufacture and distribute PB products are required to bear all costs for discount events. If you abuse your senior position and transfer promotional costs unfairly, it could be against the subcontracting law.
They Give BGN 1.2 Billion From The Budget…
The parliament obliges the government, through the ministers of finance and energy, to do everything possible to allocate 200 million per year for the reclamation of disturbed areas
200 million BGN per year from the budget for the reclamation of disturbed areas in the “Maritsa-East” mine was voted by the energy committee in the parliament. For 6 years, this is BGN 1.2 billion. The decision obliges the Council of Ministers, through the Ministers of Finance and Energy, to take actions to secure these funds for the period 202402029.
The importers are deputies from GERB-SDS, the first signature is from the former energy minister Temenuzka Petkova. In their reasons, it is written that with these BGN 200 million per year from the national budget, the mines will be able to plan and implement measures to slow down coal mining and restore disturbed areas.
The Chairman of the Energy Commission, Delyan Dobrev, specified that these funds are allocated from the state budget, as the energy sector is quite financially drained. The mines had no funds and therefore had to be helped for the reclamation.
Dragomir Stoinev from the BSP asked if GERB is looking for alternative employment for the miners,
Market Volatility: A Closer Look At Dow, Tesla,…
Market Update: Stocks Dip as Treasury Yields Rise
On Wednesday, the stock market took a downturn as Treasury yields saw an increase.
Treasury Yields Reach New High
The 10-year Treasury yield surged to 4.657% on Wednesday, coming close to hitting the highest level for the year in intraday trading.
Tesla Shares Soar
Meanwhile, Tesla shares are experiencing their most successful day in 2024, marking a significant milestone in over a year, as reported by Dow Jones Market Data.
Upcoming Earnings Reports
Investors are eagerly awaiting earnings reports from Meta Platforms and International Business Machines, scheduled to be released after the market closes.
Market Insights
According to FactSet, by the end of the week, 46% of companies listed in the S&P 500 will have disclosed their earnings.
The Price Falls As Concern Over An Escalation…
Peloponnese Newsroom
The price of oil did fall on Friday, April 19, 2024, following initial concerns about escalating tensions in the Middle East.
After oil jumped more than $3 earlier, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel.
The most active U.S. crude contract was down 34 cents, or 0.4%, at $82.39.
The initial concern was sparked by the fact that the Israel launched an attack on Iranian soil but an Iranian official told Reuters that it was caused by air defense systems. State media reported that three drones were shot down over the central city of Isfahan.
According to newsit, the Tehran downplayed the incident and said it had no plans to retaliate, a response that appeared to be aimed at avoiding a region-wide war.
Investors are closely monitoring the possibility of an escalation of the crisis. The geopolitical risk premium in oil prices has fallen this week on the perception that any Israeli retaliation to its attack Iran will be moderated by international pressure.
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Online Stock Market: Stock Market Information, Economy, Finance,…
(CercleFinance.com) – Christian Dior indicates that its general meeting, meeting on Thursday April 18, approved a dividend of 13 euros per share for the 2023 financial year, including the interim payment of 5.50 euros per share already around December 6, 2023.
The parent company of LVMH adds that the balance of this dividend, which therefore amounts to 7.50 euros per share, will be paid on Thursday, April 25, this Monday, April 22 being the last day of dividend trading.
As a reminder, Christian Dior announced last week, sales of 20.7 billion euros for the first quarter of 2024, organic growth of 3% “despite a geopolitical and economic context which remains uncertain”.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
US Court To Review Regulation On Phantom Weapons
WASHINGTON (AP) — The U.S. Supreme Court on Monday agreed to take up an appeal by President Joe Biden’s administration over regulations on hard-to-trace firearms that had been struck down by lower courts.
The judges, by 5 votes in favor and 4 against, had previously intervened to keep the regulations in force during the legal dispute. So-called ghost guns, which lack serial numbers, have been turning up at crime scenes with increasing regularity.
The regulation, which took effect in 2022, changed the definition of a firearm under federal law to include unfinished parts, such as the frame of a handgun or the receiver of a long gun, so they can be more easily traced. Those parts must be licensed and include serial numbers. Manufacturers must also perform background checks before a sale, as they do with other commercially manufactured firearms.
The requirement applies regardless of how the gun was manufactured, meaning it includes ghost guns made from individual parts or kits or using 3D printers. The rule does not prohibit people from purchasing a kit or any type of firearm.
The Justice Department had told the court that authorities seized more than 19,000 ghost guns at crime scenes in 2021,
Artificial Vacuum. The Wests Plan Against Russia Had…
#Artificial #vacuum #Wests #plan #Russia #unexpected #effect
/Pogled.info/ In the past year, the Russian market has recovered from the consequences of the sanctions and the coronavirus, business representatives are confident. According to the survey, 60% of entrepreneurs note increased competition. Starting a business from scratch is now easier, there are fewer barriers. Who do companies have to compete with and what benefits can consumers benefit from?
Things got better
A survey by the organization of small and medium-sized businesses “Support of Russia” showed an improvement in the competitive environment based on last year’s results. The business climate was assessed by 713 respondents, including company managers, individual entrepreneurs and the self-employed.
The share of respondents who believe that competition has increased increased by 8.7% and reached 60%. The representatives of the education, consulting and trade sectors report the greatest pressure. A decrease in the number of players is noted in the real estate, manufacturing and energy sectors.
56% cite competitor growth in quantitative terms, up 15.3% from 2022. The decline is just 11%, down 4.5% from the 2022 level.
55% of respondents still consider the competition to be high or very high.
Financial Times: The Fortune Of Russian Dollar Billionaires…
/ world today news/ The total wealth of the 120 Russian dollar billionaires has reached about 35% of the country’s GDP, which is an increase of about 10 percentage points per year. This was announced on Friday by the British newspaper “Financial Times” with reference to its own calculations.
According to the publication, Sweden is in second place in terms of the share of the wealth of billionaires in relation to the volume of national GDP: the wealth of the 41 big businessmen in the kingdom reaches nearly 30% of its GDP. India is in third place in the ranking: the wealth of local billionaires reaches almost 20% of the country’s GDP. The fourth and fifth positions in the list of 20 countries are occupied by entrepreneurs from the USA and France – about 18% and 17% of the national GDP, respectively.
The top ten also include Taiwan (15%), China (15%), Germany (14%), Brazil (13%) and Canada (12%). It is noted that over the last year, the total fortune of dollar billionaires in the world has grown from 5 trillion to 13 trillion dollars, and their number – by about 700 people, up to 2,700 businessmen.
Cha Baidao Breaks Through The First Day Of…
On April 23, Chabaidao made headlines when it was listed on the Hong Kong Stock Exchange, becoming the second listed company in the new tea beverage industry. Despite raising nearly HK$2.6 billion, it faced a challenging first day of trading as its stock price took a significant plunge of over 35%.
Chabaidao, a well-known freshly made tea brand in China with a strong operating performance, attracted institutional investors with its impressive financial indicators. However, its IPO pricing valuation was deemed high, leading to the stock price drop on its debut.
Industry experts believe that Chabaidao’s stock performance will have a ripple effect on other new tea beverage companies planning to go public. Companies like Mixue Bingcheng and Gu Ming are also eyeing listing, but may need to reassess their valuations and fundraising plans in light of Chabaidao’s experience.
The new tea beverage market is highly competitive, with companies facing challenges in differentiating their products and services. Investors may now scrutinize the sustainability and profitability of businesses in this sector more closely before investing.
The road to IPO for new tea beverage companies has become more challenging, with Chabaidao’s listing serving as a cautionary tale.