Amazon and Walmart accused of predatory pricing practices in India

June 28, 2021

Indian Commerce Minister Piyush Goyal said that Amazon.com and Walmart are disregarding local laws and indulging in predatory pricing practices that put that nation’s mom-and-pop retailers at risk. “I’ve had several engagements with these large companies, particularly the American ones, and I can see a little bit of arrogance,” Mr. Goyal said.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.