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Qualcomm may face Korea competition investigation

2015-02-12 08:58:00| Telecompaper Headlines

(Telecompaper) South Korea's antitrust agency said it is considering an investigation into whether Qualcomm misused its dominant market position. A spokesman for the Fair Trade Commission told local news agency Yonhap that all options were under consideration, but declined to confirm whether an official investigation had started. The unnamed spokesman said the regulator was looking at the recent action taken by Chinese authorities to fine Qualcomm for abusing its dominant position in the mobile phone chip market and whether the US-based company engaged in similar activities in the Korean market. In China, Qualcomm was fined CNY 6.1 billion and forced to agree to substantial changes to its licensing practices and fees. Industry sources in Korea said that the FTC had sent initial inquiries to Qualcomm customers and competitors to get a better understanding of market conditions. The FTC already fined Qualcomm KRW 260 billion (USD 235 million) in 2009 after concluding that it abused its dominant position in selling chips to mobile phone makers in Korea.

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Renault halts Moscow production in face of Russian car sales slump

2015-02-11 18:54:55| Auto Dealers - Topix.net

Russian sales fell 24 percent in January after the country's economic crisis worsened, according to data from the Moscow-based Association of European Businesses. Renault, the fifth best-selling brand in Russia, saw sales slide 32 percent last month.

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German airports face flight delays due to security staff strike

2015-02-10 01:00:00| Airport Technology

Numerous flights have been cancelled at Hamburg, Stuttgart and Hanover airports in Germany as security personnel have gone on strike to increase pressure for rise in pays.

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Micro condos will face their first real test in Canada this year, experts say

2015-02-09 18:20:36| Real Estate - Topix.net

The appeal of so-called shoebox condos - no larger than the size of two average living rooms - will face its first real test in Canada this year, with an influx of the compact homes set to hit the country's largest real estate market. Investors are betting on big returns from young renters who can't afford to buy in the red-hot real estate market and don't mind living in a unit, about 500 square feet, where their dining table might have to fold down into a bed.

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Australian windfarms face $13 billion wipeout from political impasse

2015-02-08 02:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Australia faces a A$17 billion ($13.3 billion) exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target. Some 44 Australian windfarm projects, about half overseas-funded, have been shelved since a new conservative government said it wanted to cut state support for the industry a year ago, with investors and operators saying they are considering either downscaling...

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