Commodities and Futures News

German economy minister aims to tighten antitrust laws

2022.06.12 14:21

German economy minister aims to tighten antitrust laws
FILE PHOTO: German Vice Chancellor Robert Habeck arrives to meet Palestinian Prime Minister Mohammad Shtayyeh in Ramallah, in the Israeli-occupied West Bank June 7, 2022. REUTERS/Mohamad Torokman

FRANKFURT (Reuters) – German Economy Minister Robert Habeck plans to present concrete proposals to tighten the nation’s antitrust laws and give the Federal Cartel Office more powers, according to a position paper circulated by his ministry on Sunday.

The move comes amid his concerns that energy companies are not passing on to consumers a recent cut in tax on fuel that was enacted to help offset soaring inflation.

The ministry foresees reducing hurdles to confiscate profits and giving the cartel office additional powers to intervene, according to the document dated June 11.

“Although such a tightening of competition law cannot have a short-term effect in the current situation, it can give the state the necessary strength to intervene more effectively in the future,” the paper said.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 104,630.03 0.86%
ethereum
Ethereum (ETH) $ 3,293.46 0.52%
xrp
XRP (XRP) $ 3.11 0.43%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 250.09 2.08%
bnb
BNB (BNB) $ 680.00 1.19%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.348677 0.44%
cardano
Cardano (ADA) $ 0.969456 0.99%
staked-ether
Lido Staked Ether (STETH) $ 3,288.85 0.54%
tron
TRON (TRX) $ 0.254612 0.68%
chainlink
Chainlink (LINK) $ 25.03 1.78%
avalanche-2
Avalanche (AVAX) $ 35.15 0.73%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,934.74 0.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,541.01 0.75%
stellar
Stellar (XLM) $ 0.429948 0.34%
the-open-network
Toncoin (TON) $ 5.06 0.75%
hedera-hashgraph
Hedera (HBAR) $ 0.328982 2.05%
sui
Sui (SUI) $ 4.16 2.38%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 0.92%
weth
WETH (WETH) $ 3,292.10 0.74%
polkadot
Polkadot (DOT) $ 6.29 0.20%
leo-token
LEO Token (LEO) $ 9.70 0.57%
litecoin
Litecoin (LTC) $ 118.97 3.73%
bitget-token
Bitget Token (BGB) $ 7.32 1.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 432.89 0.03%
hyperliquid
Hyperliquid (HYPE) $ 22.29 2.75%
uniswap
Uniswap (UNI) $ 12.37 2.83%
usds
USDS (USDS) $ 1.00 0.15%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,499.80 0.24%
pepe
Pepe (PEPE) $ 0.000015 2.47%
official-trump
Official Trump (TRUMP) $ 29.52 13.74%
near
NEAR Protocol (NEAR) $ 4.96 0.74%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
aave
Aave (AAVE) $ 332.48 0.77%
aptos
Aptos (APT) $ 8.15 1.45%
ondo-finance
Ondo (ONDO) $ 1.39 2.73%
internet-computer
Internet Computer (ICP) $ 9.00 1.46%
ethereum-classic
Ethereum Classic (ETC) $ 27.37 4.10%
whitebit
WhiteBIT Coin (WBT) $ 28.48 0.92%
monero
Monero (XMR) $ 219.73 0.44%
mantle
Mantle (MNT) $ 1.17 3.82%
vechain
VeChain (VET) $ 0.047348 1.81%
crypto-com-chain
Cronos (CRO) $ 0.137725 0.12%
jupiter-exchange-solana
Jupiter (JUP) $ 0.827131 0.88%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.430861 1.75%
dai
Dai (DAI) $ 1.00 0.01%
render-token
Render (RENDER) $ 6.81 3.38%
mantra-dao
MANTRA (OM) $ 3.49 5.67%
algorand
Algorand (ALGO) $ 0.398994 1.55%