Delivery’s Hero’s $4 billion acquisition of South Korea’s Woowa Brothers raises antitrust concerns

On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…

Harley-Davidson halts production of its electric motorcycle following discovery of a glitch

According to the U.S. motorcycle maker testing of LiveWire is going “well”. Following the discovery of a glitch during final quality checks, U.S. motorcycle giant Harley-Davidson Inc stated, it has stopped the production and deliveries of its first electric motorcycle. In a statement the motorcycle maker stated, it has discovered a “non-standard condition” with its…

Competition and Consumer Commission of Singapore fines Uber & Grab a combined total of $9.5 million

Following an investigation Singapore’s antitrust watchdog concluded that Grab’s purchase of Uber’s Southeast Asian business has harmed consumers in Singapore. It has suggested remedial measures. Following Uber Technologies Inc’s sale of its Southeast Asian business to its regional rival Grab in March 2018, Singapore’s anti-trust watchdog has levied a combined fine of $9.5 million on…