Rising corporate market power could hit workers, investment: IMF

  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The growing market power of a small fraction of companies in wealthy countries c...

FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018. REUTERS/Yuri Gripas/File Photo

The IMF did not name names in its latest World Economic Outlook, but said interest in the problem has mounted amid the rise of the tech industry. The report comes just weeks after the U.S. Democratic senator and presidential candidate Elizabeth Warren vowed to break up Amazon.com Inc, Facebook Inc and Alphabet Inc’s Google. She has proposed legislation that would require tech companies that offer online marketplaces to refrain from competing on their own platform and promised to nominate regulators who would unwind acquisitions like Facebook’s deal for WhatsApp and Instagram.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines