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Tag: Monopolies

China’s Tencent fires 70 staff, blacklists 13 firms in anti-graft campaign

Tencent Holdings (0700.HK), China’s biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts.

Biden pledges to tackle monopolies, supply shortages as prices rise

President Joe Biden pledged on Thursday toroot out anti-competitive business practices and ease construction materials shortages andtransportation backups that are causing price hikes across the country.

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