Blog

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. Cornershop operates [...]

Continue reading →

Broadcom’s $2 billion warning rattles global chip sector

Broadcom’s $2 billion warning rattles global chip sector

LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second-quarter results late on Thursday, was the hardest [...]

Continue reading →

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. Cornershop operates [...]

Continue reading →