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Russia starts antitrust investigation into Booking.com
short by Aishwarya / on Tuesday, 31 December, 2019
Russia's Federal Antimonopoly Service (FAS) has opened an investigation into hotel reservation website Booking.com. FAS stated the website's contract terms with hotels and hostels didn't allow them to offer better rates on rival websites. The company could face a fine of up to 15% of its revenue generated in Russia if found to be in breach of Russian anti-monopoly laws.
read more at Engadget