Microsoft, ACCC
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ACCC clears Cuscal’s acquisition of Indue
The Australian Competition and Consumer Commission (ACCC) has granted clearance to Cuscal's proposed acquisition of payment facilitation supplier Indue, stating that the merger is not expected to significantly reduce competition in the sector.
Rusting on consumers to monetise investments is where the artificial intelligence hype becomes real. It’s not hard to see the ramifications of this case going global.
This protection allows competitors, such as banks and retailers, to jointly develop solutions in the public interest – in this case, safeguarding nationwide cash access. The ACCC’s authorisation gives ABA and participating organisations statutory protection from legal action for conduct that might otherwise raise competition concerns.
Coalition industrial relations spokesperson Tim Wilson said whistleblowers were increasingly compromising themselves to speak out against the administrator and Australians needed answers over the ongoing alleged corruption despite the union being forced into administration 15 months ago.
The head of the consumer watchdog has revealed a major fear among Australian customers about Microsoft after the tech giant was sued for alleged misleading marketing.
Former competition tsar Allan Fels has blasted government plans to hand Optus a billion-dollar “bonanza” payday, after last month’s deadly triple-0 outage.
ACCC sues Microsoft for hiding cheaper Copilot-free Microsoft 365 plan, allegedly misleading 2.7 million Aussies after subscription price hike.
In today’s news, the ACCC alleges Microsoft misled users into price hikes for an AI assistant, Nuix chief executive Jonathan Rubinsztein resigns and Goldman Sachs says it’s buying 12 defensive ASX stocks.