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Key among these are one proposed by Danish center-left lawmaker Christel Schaldemose, the lead parliament negotiator, which takes aim at online marketplaces such as Amazon which critics say use their merchants’ data to make copycat products letter o cufflinks uk online. Schaldemose wants these companies to set up Chinese walls between subsidiaries and to get merchants’ consent before their data can be used. Her compatriot, European Competition Commissioner Margrethe Vestager, is also looking into the issue. Lawmakers have also come up with a list of unfair trading practices which they want to ban, and also proposed more powers for national authorities to go after rule breakers..
Tech lobbying group CCIA, whose members include Amazon, Facebook, Google and eBay, said lawmakers should not be too hasty in clamping down on the sector letter o cufflinks uk online. “Intrusive rules in a one-size-fits-all regulation make little sense for a sector as diverse as online services. That is why both Commission and Member States support a measured approach based on transparency,” CCIA vice president Jakob Kucharczyk said. EU governments adopted a joint position last week, sticking closely to the Commission’s proposal. The parliamentary committee will vote on the amendments on Thursday, after which the EU body will thrash out a common position with EU governments and the Commission..
NEW YORK (Reuters) – Jamie Dimon, chief executive of JPMorgan Chase & Co, (JPM.N) on Tuesday said he favors using the bank’s excess capital to reinvest in its business instead of buying back stock. “Stock buyback, in my opinion, is a very good thing to do when your stock is cheap,” he said at an investor conference hosted by Goldman Sachs Group Inc letter o cufflinks uk online. Dimon also said fourth-quarter trading revenue so far is “roughly equivalent” to last year. The comments on buybacks come after JPMorgan shares have traded for a year at more than $100 and roughly two times tangible book value..
“The highest and best use of our capital is reinvesting it and we are starting to do that now,” Dimon said, citing additional spending on technology, branches and loans to small business as examples. “This notion that you should buy back stock at three times tangible book value as a return of capital to shareholders is crazy,” he said. He said he favors paying out dividends amounting to about 30 percent to 35 percent of annual earnings. Protesters interrupted Dimon’s comments twice to challenge JPMorgan over the financing of private prisons and immigration detention centers letter o cufflinks uk online.
BRUSSELS (Reuters) – Visa (V.N) and Mastercard (MA.N) have offered to cap the fees charged on card payments made by tourists in the European Union to stave off fines and end an EU antitrust investigation. The European Commission, which has waged a decades-long crackdown on payment and credit card fees, says so-called interchange fees in which the merchant’s bank pays a charge to the cardholder’s bank, result in higher prices for consumers. This is because the fees, which are a lucrative source of revenue for banks, are ultimately borne by the merchant letter o cufflinks uk online.