Aldi Rejects New Laws to Break Up Large Companies

Published on April 12, 2024

German discount supermarket chain Aldi has opposed the inclusion of divestiture powers—which allow authorities to force companies to strip themselves of assets, such as stores and brands—into Australian competition laws. This comes as the Greens party and the Coalition separately craft legislation allowing the consumer watchdog and the court to break up large companies if they gain too much market power. While the Greens mainly target supermarkets with its legislation, the proposed bill could have a broader impact as it could be used against businesses in other sectors. During a Senate hearing on April 11, Aldi Australia CEO Anna McGrath did not think the proposed divestiture legislation was an effective way to tackle the high market concentration in the sector....

Continue reading on website
Other news

Severe Weather Takes Aim at Parts of the Ohio Valley After Battering the South

April 12, 2024
ATLANTA—Powerful storms rumbled over parts of the U.S. Southeast on Thursday, prompting a few tornado warnings, causing flash flooding, and delaying the start of one of the world’s biggest sporting events, in Georgia.The storm system, which has already been blamed for at least one death in Mississippi, demolished buildings and flooded streets in the New Orleans area Wednesday. It continued to spaw

Pressure From the Left, Muslim Groups Behind Wong’s Stance on the 2-State Solution

April 12, 2024
CommentaryThe comment by Foreign Minister Penny Wong that a “secure and prosperous future” for Israelis and Palestinians could only come with a “two-state solution” is a crass domestic political statement.Not only does the announcement break the long-standing bipartisan position for a two-state solution in the Middle East, it fails to establish the necessary preconditions for the recognition of Pa