Tuesday, September 15
More than 10,000 hotels across Europe have filed a class-action lawsuit against Booking.com, seeking compensation for alleged antitrust violations spanning 20 years. The legal action follows a 2024 ruling by the European Court of Justice (ECJ) that deemed the online travel platform’s “best price” clauses illegal. These clauses had prohibited hotels from offering cheaper rates on other platforms or their own websites. The European court held that such practices restricted competition and violated antitrust laws. The clauses have since been scrapped within the European Economic Area following the enforcement of the EU’s Digital Markets Act (DMA) 2024. The Hotel Claims Alliance is leading the lawsuit, which is being heard in the Netherlands, where Booking.com is headquartered. The eff
India's palm oil imports fell in July because of cancellations in import contracts, while soyoil shipments surged to a 3-year high due to competitive prices and the delivery of delayed shipments from June, according to five dealers. Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could lead to a stock buildup in top producers Indonesia and Malaysia and weigh on benchmark Malaysian palm oil futures. In July, palm oil imports declined by 10% to 858,000 metric tons, down from June's 11-month high, according to estimates from dealers. Soyoil imports in July surged 38% month-on-month to 495,000 tons, the highest level in three years. The increase was a result of vessels finally discharging their cargo in July after being delayed by congestion at Gujarat's Kandla po
