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This article is part of the Opinion series At the Brink,about the threat of nuclear weapons in an unstable world. It follows a decades-long freeze on designing, building or testing new nuclear weapons. The new buildings and cutting-edge machinery will eventually process the uranium needed to make the next generation of American nuclear weapons. Now there are an estimated 12,000 nuclear weapons in the world. It is undeniably true that the world is becoming more contentious, and nuclear weapons do deter our adversaries.
Persons: Melissa Durkee’s, Adalie, , Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker, Todd Weeks, Weeks, you’re, Eric Helms, Helms, it’s, , aren’t, Robin Darnall, she’s, , can’t, Northrop Grumman, Nunn, Walter Schweitzer, Mr, Schweitzer, Robert Oppenheimer, didn’t, Jay Coghlan, Charles McMillan, Greg Mello Organizations: U.S, Preston Veterans ’ Memorial, Dynamics, U.S . Navy, Preston Veterans ’, The Times Naval Base Kitsap Lawrence Livermore National Laboratory Northrop Grumman Nevada National Security, Air Force Base Malmstrom Air Force Base Sandia National Laboratories Los Alamos National Laboratory, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base, Warren Air Force Base Missiles Ellsworth Air Force Base Pantex Plant Minot Air Force Base Dyess Air Force Base Lockheed Martin Tinker Air Force Base Offutt Air Force Base Kansas City National Security, Chaffee, Air Force Base Whiteman Air Force Base, Security, Laboratory Naval Submarine Base, Bay Northrop, Newport News Shipbuilding General Dynamics Electric, Submarines, Submarines Connecticut Rhode Island, Submarines Connecticut Rhode Island Virginia General Dynamics Electric, General Dynamics, Columbia, Engineering, Republican, Democratic, Office, General Dynamics Electric, Navy, NASCAR, Manhattan, Reactor, The Energy Department, National Nuclear Security Administration, Energy Department, National Nuclear Security, Fort, Missiles Wyoming North Dakota, Missiles Wyoming North Dakota Colorado Nebraska Montana America’s, The Air Force, Minuteman III, Air Force, Warren Air Force Base, Sentinel, Banner, Soviets, Air Force Base, McCurdy, Pentagon, Montana Farmers Union, Mexico South, Environmental Protection Agency, Los Alamos, Nuclear Watch, Alamos County, Atomic, Los Alamos Study, United States Locations: Preston, Conn, New England, America, Russia, China, North Korea, Iran, United States, Savannah, Manhattan, Washington, Submarines Connecticut, Submarines Connecticut Rhode Island Virginia, Narragansett, Rhode Island, Quonset, R.I, Groton, Soviet Union, Rhode Island , Connecticut, Virginia, Columbia, Tennessee, Oak Ridge, Tenn, Hiroshima, Nagasaki, Texas, Fort Knox, Missiles Wyoming North Dakota Colorado, , Wyoming , Nebraska , Colorado , Montana, North Dakota, Plains, F.E, Wyoming, Nebraska, Banner County, Great Falls, Mont, Mexico, Mexico South Carolina, New Mexico, Los Alamos, N.M, Savannah River, S.C, Colorado, Rocky, Alamos, Nuclear Watch New Mexico, Santa Fe
“Yes, we have the resources that we need, both for the Helene response and for Hurricane Milton,” Keith Turi, FEMA’s acting associate administrator, said this week. Staffing at the federal disaster response agency has drawn criticism in recent years from the Government Accountability Office, a federal watchdog. In that same report, the GAO found that as of July 2022, FEMA was involved in responding to 500 open disasters. NBC News reported last week that FEMA put out a call for volunteers for a “surge force” in mid-September, citing a “severe shortfall” in some of its disaster response teams. In an interview, FEMA Administrator Deanne Criswell said the numbers cited fail to take into account other full-time staff members who are deployed as needed.
Persons: , Milton’s, Helene, Hurricane Milton, ” Keith Turi, FEMA’s, , Milton, Craig Fugate, ” Christopher P, Currie, , ” Currie, Deanne Criswell Organizations: Federal Emergency Management Agency, Hurricane, White, FEMA, NBC, Office, Homeland Security, Justice, GAO, NBC News Locations: Florida,
Ola electric scooters are on display ahead of the Initial Public Offer press conference. India's consumer rights agency received unusually high 10,000 complaints against Ola Electric, over a year and has sent a notice seeking explanation from the SoftBank-backed e-scooter maker, a top official at the watchdog said on Tuesday. Ola, which has a 27% market share in India's e-scooter market, did not respond to a request for comment. HSBC analysts said in a September note they visited multiple Ola service hubs and most "appeared overwhelmed by the service requests". Reuters last year visited 35 Ola centers in 10 Indian states and found many faced significant backlogs, with demand outstripping their workforce.
Persons: Ola, Nidhi Khare, Khare Organizations: Ola Electric, Consumer Protection Authority, Reuters, HSBC
Harris’ plan would boost the debt by $3.5 trillion over the next decade, while Trump’s platform would cause it to spike by $7.5 trillion, according to the Committee for a Responsible Federal Budget’s report, released Monday. It found that Harris’ measures could have no significant impact on the debt or could increase it by $8.1 trillion. And Trump’s proposals could balloon the debt by between $1.5 trillion and $15.2 trillion. These proposals would cost $2.3 trillion in total. But the committee estimates these tariffs would bring in between $2 trillion and $4.3 trillion over a decade — not enough to cover Trump’s agenda.
Persons: CNN —, Kamala Harris, Donald Trump, Harris ’, Harris, , Trump, Jerome Powell, “ We’re, ” Marc Goldwein, Brian Hughes, Trump’s, , That’s, Joe Biden’s, Katie Lobosco, Matt Egan Organizations: CNN, Republicans, Democrats, Trump, Social Security, Peterson Institute for International Economics, Center, of Education Locations: American
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations as it awaits U.K. regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said, during which an IPO-bound company fields large investors' questions and tests their investment appetite. Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year, Reuters reported in June, citing sources. Shein's preparations for a potential London listing marks a shift from its long-running U.S. IPO plan, which has run into obstacles at home and abroad, Reuters has reported.
Persons: Shein confidentially Organizations: Reuters, Financial, Authority Locations: Guangzhou, China's Guangdong province, Shein, China, Europe, Singapore, York
People have died after drinking tea brewed from unwashed poppy seeds. Members of the House of Representatives and Senate have proposed legislation “to prohibit the distribution and sale of contaminated poppy seeds in order to prevent harm, addiction, and further deaths from morphine-contaminated poppy seeds.” The bill was one of several on the agenda for a September 10 House hearing. On the other hand, tea made from large quantities of unwashed poppy seeds could lead to addiction and overdose, doctors said. The US Drug Enforcement Administration said unwashed poppy seeds can kill when used alone or in combination with other drugs. The US Department of Justice has brought criminal prosecutions over the sale of unwashed poppy seeds.
Persons: , “ It’s, Elke Scholiers, , Steve Hacala, Courtney Rhodes, CSPI, Eva Greenthal, It’s, Irving Haber, Benjamin Lai, Lai, , Steve Hacala’s, Stephen Hacala, Stephen Hacala’s, Betty, David Rousseau, Jamie Silakowski, Silakowski, Tim Hortons, Popeyes, Joe’s, Sen, Tom Cotton, Steve Womack Organizations: Health, Marshall, US Department of Defense, Doping, Workers, for Science, Food and Drug Administration, FDA, Mayo Clinic, Arkansas State Crime Laboratory, KFF Health, Restaurant Brands, Burger, Washington Post, US Drug Enforcement Administration, US Department of Justice, Senate, Republican, KFF Locations: Chittorgarh, India, Rochester , Minnesota, Arkansas, South Korea
A van flows in floodwaters in the aftermath of Hurricane Helene on Sept. 28 in Asheville, North Carolina. States affected by Hurricane Helene are warning residents to watch for the risks of scams in the aftermath of the storm, including price gouging. Price gouging happens when there is an excessive increase in prices charged for goods and services, and it often happens during emergencies or disasters. Normal price fluctuations are not price gouging, South Carolina Attorney General Alan Wilson said in a recent announcement. The terms of established price gouging protections vary from state to state.
Persons: Hurricane Helene, Josh Stein, Stein, there's, Helene, Tennessee —, Alan Wilson, Teresa Murray, Murray, Price Organizations: North Carolina, CNBC, Finance, Port, South Carolina, . Public Interest Research Locations: Hurricane, Asheville , North Carolina, States, Florida , Georgia, South Carolina, Tennessee
If Trump Wins, Could He Really Use the Justice Department to Jail His Rivals? One of the most powerful appointees within the Justice Department is the director of the F.B.I., who ordinarily serves a 10-year term. He would be limited to a pool of senior Justice Department employees and Senate-confirmed officials, but still…. Even if Trump has installed loyalists at the top levels of the Justice Department, F.B.I. If the public comes to see the Justice Department as compromised, will witnesses and informants continue to cooperate?
Persons: Donald Trump, Kamala Harris, Biden, weaponizing, Harris, Trump, Richard Nixon, Christopher Wray, James Comey, , Joe Biden, , Peter Keisler, George W, Bush, , Hillary Clinton, Aileen Cannon, Jack Smith, Steve Bannon, Roger Stone, Paul Manafort, Robert Jackson Organizations: Trump, Department, Justice Department, Loyalists, Republicans, Senate, Power, White, Heritage Foundation, Federal, Justice, Prosecutors, Republican, 11th Circuits, Capitol Locations: U.S, Texas, Florida, America
CNN —A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. It is unclear whether the New York-based startup will launch more election markets. “US presidential election markets are legal. Because the sources of information that election markets absorb can be “opaque and unreliable,” like polls with undisclosed methodologies or fake news reports, Schwartz suggested that they can be uniquely susceptible to manipulation. While the legal dispute with Kalshi plays out, the CFTC has also embarked on a broader clampdown on events-based betting.
Persons: ” “, Patricia Millett, , ” Kalshi, Jia Cobb, Tarek Mansour, X, Stephen Hall, ‘ deepfakes, Kalshi, , Rob Schwartz, Schwartz, Yaakov Roth, ” Roth, Rostin Behnam Organizations: CNN, Senate, Futures Trading Commission, DC, Appeals, US, DC Circuit, Kalshi, CFTC, Better Locations: Washington ,, United States, New York, Washington,
Amazon won partial dismissal of an FTC lawsuit alleging illegal monopoly practices. AdvertisementAmazon just won a partial dismissal of a Federal Trade Commission lawsuit that accused it of operating an illegal monopoly. In September 2023, the FTC sued Amazon for stifling competition by punishing vendors who sell their items cheaper on rival platforms and for forcing sellers to use Amazon's own fulfillment service. On Monday, a federal judge in Seattle partially granted Amazon's earlier motion to dismiss the case, Reuters reported, citing court records. Last year, the agency sued Amazon in another case, saying it lured unwitting customers into Prime subscriptions and created a "labyrinthine" process to cancel it.
Persons: Biden, Organizations: Amazon, FTC, Big Tech, Service, Federal Trade Commission, Reuters, Google, Nvidia, Justice, Bloomberg, DOJ, Apple, Activision Blizzard Locations: Seattle, Washington
“These problems are pervasive within the FBI and the attitudes that created them were learned at the academy,” said David J. Shaffer, the lawyer for the women. One of the women said she was admonished to “smile more” and subjected to repeated sexual advances. The bureau also has agreed to a review by outside experts who will work to ensure that female recruits face a fair evaluation process. "I interned with the FBI in college and did everything needed to qualify for a special agent role. I even became a lawyer, which the FBI considers a high value qualification for future agents.
Persons: , David J, Shaffer, leered, Paula Bird, Bird Organizations: FBI, NBC News, Old Boy Network, FBI Academy Locations: Quantico , Virginia
“These problems are pervasive within the FBI and the attitudes that created them were learned at the academy,” said David J. Shaffer, the lawyer for the women. One of the women said she was admonished to “smile more” and subjected to repeated sexual advances. Men still make up some three-quarters of the bureau’s special agents despite efforts to diversify in recent years. The bureau also has agreed to a review by outside experts who will work to ensure that female recruits face a fair evaluation process. In one case, an FBI assistant director retired after the inspector general’s office concluded he harassed a female subordinate and sought an improper relationship with her.
Persons: , David J, Shaffer, leered, ” Paula Bird, Larry Nassar Organizations: CNN, FBI, Old Boy Network, FBI Academy, Associated Press, Justice Department Locations: Quantico , Virginia
Donald Trump threatened to prosecute Google "at the maximum levels" if he's elected president. AdvertisementFormer President Donald Trump is no stranger to lashing out at companies — and now he's taking aim at Google. Trump alleged that Google "illegally used a system of only revealing and displaying bad stories about Donald J. Trump" while surfacing good stories about Harris. In the report, the group said it conducted Google searches on September 6 for the terms "donald trump presidential race 2024" and "kamala harris presidential race 2024." In addition to threats against Google, Trump has levied warnings to other companies and CEOs who crossed him.
Persons: Donald Trump, Trump, Kamala Harris, , Donald J, Harris, donald, kamala harris, Walz, Axios, Mark Zuckerberg, John Deere Organizations: Google, Service, Republican, Democratic, Justice Department, Department, Trump, Business, Speech America, Media Research, BI Locations: United States, Mexico
(For perspective, Trump's 2016 settlements in three Trump University fraud cases totaled $25 million.) AdvertisementTrump has denied any fraud, and his lawyers argue in their appeal that the judgment is unjustified, legally flawed, and excessive. By winning his appeal, Trump would also dodge the judgment's non-monetary punishments, which are many. Winning would mean Trump, Donald Trump, Jr., and Eric Trump would no longer face being banned for two years from running Trump Org or any other business in New York state. By appealing, Trump has kept all of these fraud punishments on ice, with the exception of the Trump Org monitoring, which is ongoing.
Persons: , Donald Trump, John Sauer, ometer, Trump, Arthur Engoron, Donald Trump's, Letitia James, Engoron, He'd, Donald Trump , Jr, Eric Trump, Read Organizations: Service, Trump, Business, Trump University, D, New, Trump Organization, Trump's, Trump Org Locations: New York, Manhattan, Trump's Manhattan
In a "60 Minutes" interview that aired Sunday, FTC Chair Lina Khan said allowing Big Tech to go through hundreds of acquisitions in the past several decades was a mistake that hurt Americans. An FTC spokesperson did not respond to a request for comment. "After some of those firms were bought up by one of the big guys, all of those data privacy policies changed overnight, and so Americans lost those privacy protections." A WhatsApp spokesperson told BI at the time that the company disagreed with the decision and that the penalties were "entirely disproportionate." An FTC spokesperson told CNN in 2023 that, under Khan, the agency has investigated or sued to stop more than three dozen merger proposals.
Persons: , Lina Khan, Khan, Mark Zuckerberg's, we're, WhatsApp, Joe Biden, Kamala Harris, Reid Hoffman, Khan's, Matt Gaetz, Newsmax Organizations: Service, Trade, Big Tech, Business, Facebook, FTC, YouTube, Democratic, Republican, CNN, Florida, Street Journal Locations: Washington ,
BEIJING — China and Japan reached a consensus in August on the discharge of radioactive water from the Fukushima nuclear plant, the Chinese foreign ministry said Friday, bringing to an end a diplomatic dispute that had rumbled on for over two years. Beijing called the release “a major nuclear safety issue with cross-border implications,” when Tokyo started discharging treated radioactive water from the site in August 2023. It also announced a blanket ban on all aquatic products from Japan. But Mao Ning, a Chinese foreign ministry spokesperson, later said that both countries reaching consensus “does not mean that China will immediately resume imports of Japanese aquatic products,” at a regular news conference in Beijing. “We will carry out technical consultations with the Japanese side and gradually resume the import of Japanese aquatic products,” she added.
Persons: , Mao Ning, Organizations: International Atomic Energy Agency Locations: BEIJING, China, Japan, Beijing, Tokyo
SAN DIEGO — The Home Depot agreed to a nearly $2 million settlement in a case that alleged it overcharged customers, charging more for items at checkout than the items' advertised prices. In an emailed statement responding to a request for comment about the settlement, Home Depot said, “To ensure consistency for our customers, we’ve updated the timing of our price changes." The settlement includes $1.7 million to be divided among the district attorneys' offices of Los Angeles, San Diego, Orange, Alameda, San Bernardino and Sonoma counties for consumer law enforcement. "This settlement is a clear message that such behavior will not be tolerated and underscores our commitment to safeguarding the rights of consumers in our community," Gascón said. Home Depot, based in Atlanta, reported in a proxy statement in May that it earned nearly $22 billion in operating profit for the 2023 fiscal year.
Persons: , Judge Richard S, George Gascón, Gascón Organizations: DIEGO, Superior Court, Depot, Whitney Locations: California, San Diego, Angeles County, Los Angeles, San Diego , Orange, Alameda, San Bernardino, Sonoma, Sacramento County, Atlanta
AdvertisementThat included 120 pallets containing 500 wet and moldy tactical vests and "3,000 mildewed body armor plates," the watchdog said. AdvertisementWithout facilities to store or protect the equipment and ammo, they were exposed to the bad weather, the report added. AdvertisementAdditionally, the shipments to Taiwan included six M240B machine guns from the National Guard in Clovis, New Mexico, that were dumped in a cardboard box without any wrapping. The OIG said the six machine guns were found in a cardboard box without any wrapping or packaging. AdvertisementThe Pentagon did not immediately respond to a request for comment sent outside regular business hours by Business Insider.
Persons: , OIG, Pete Nguyen, Nguyen, Joe Biden Organizations: Service, Business, The Defense Department, Travis Air Force Base, US Army, National Guard, Pentagon, Defense Department, Taipei Times, Democratic Progressive Party Locations: Taiwan, Taipei, Clovis , New Mexico, Beijing, China
Read previewOpenAI just announced the members of its revamped Safety and Security Committee, and CEO Sam Altman is not on the list. When the group was announced, Altman, Taylor, and five OpenAI technical and policy experts were named to the committee, alongside the independent board members. AdvertisementThe safety committee will "exercise oversight over model launches, including having the authority to delay a release until safety concerns are addressed," the blog post said. OpenAI's troublesLast month, the company battled to stop an AI safety bill in California, saying it would stifle progress and drive companies out of the state. Weeks before that, nine current and former OpenAI employees signed an open letter pointing out the risks of generative AI.
Persons: , Sam Altman, Bret Taylor, OpenAI's, Altman, Taylor, Zico Kolter, Adam D'Angelo, Paul Nakasone, Nicole Seligman, William Saunders, Daniel Kokotajlo, Weeks Organizations: Service, Security Committee, Business, Carnegie Mellon University, US Army, Sony Corporation, o1, OpenAI, Securities and Exchange Commission Locations: California, NDAs
The Consumer Financial Protection Bureau last week said it had reached a $120 million settlement with student loan giant Navient that could lead to compensation for hundreds of thousands of borrowers. The CFPB accused Navient of steering student loan borrowers into expensive forbearances, miscalculating their bills and tarnishing their credit reports. Under the terms of the settlement, Navient is banned from servicing federal student loans ever again. A Navient spokesperson said the company disagreed with the consumer watchdog's charges. As part of the deal, $100 million will be used to make payments to impacted customers, as determined by the CFPB.
Organizations: Consumer Financial Locations: Navient
Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.
Persons: Cressie Gethin, , — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, , ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, , ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, , US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland
“It just exploded into something I didn’t mean to happen,” Erika Lee, a Springfield resident, told NBC News on Friday. She has since deleted the Facebook post. She is also concerned for the safety of the Haitian community, which she said she did not intend to villainize en masse. “I feel for the Haitian community,” she said. Still, she never imagined that her Facebook post would set off a national news cycle.
Persons: ” Erika Lee, Lee, Kimberly Newton, NewsGuard, Newton, Newsguard, , hasn’t, Donald Trump, Ohio Sen, JD Vance, “ I’m, I’d, that’s, ” Vanessa Cárdenas, refor, MAGA, ” Lee, Springfield Organizations: NBC, Facebook, Local, Ohio, America's Locations: SPRINGFIELD , Ohio, Ohio, Springfield, Columbus , Ohio, Canton , Ohio, Springfield ,
North Korea is believed to have several sites for enriching uranium. The new type of centrifuge shows North Korea is advancing its fuel cycle capabilities, said Ankit Panda of the U.S.-based Carnegie Endowment for International Peace. “Kim also appears to suggest that North Korean tactical nuclear weapons designs may primarily rely on uranium for their cores,” he said. This is notable because North Korea is more able to scale up its highly enriched uranium stockpiles, Panda said, compared with the more complicated process for plutonium. North Korea has previously shown photos of what it says were nuclear warheads.
Persons: Kim Jong Un, Kim, , , Rafael Grossi, Ankit, “ Kim, Panda, Jenny Town Organizations: Nuclear Weapons Institute, United Nations, North, Analysts, Scientific Research, International Atomic Energy Agency, Carnegie Endowment, International, Stimson Center, Federation of American Scientists, United Nations Command Locations: SEOUL, South Korea, North Korea, United States, U.S, Korea, Yongbyon, Korean, North, Seoul, ” Germany
CNN —Right-wing media outlets are ignoring Donald Trump’s embrace of far-right conspiracy theorist Laura Loomer, shielding their audience from the uproar amid condemnation from top Republicans. In recent days, Donald Trump has mingled with Loomer, the radical conspiracy theorist who has a well-documented history of pushing racist, sexist, Islamophobic and homophobic hate. But right-wing media outlets have largely ignored her close proximity to Trump and the ensuing controversy. That was also the case in other right-wing outlets, including the websites of Breitbart, The Daily Wire, One America News, and The Gateway Pundit. According to the progressive media watchdog Media Matters, Fox News devoted just four minutes to the news over the ensuing three-day period, compared to more than an hour on CNN and MSNBC.
Persons: Donald Trump’s, Laura Loomer, Donald Trump, Loomer, Elon Musk, Trump, Breitbart, It’s, Mike Pence, Trump’s, , Republican Sen, Lindsey Graham, doesn’t, GOP Sen, Thom Tillis, Rep.Marjorie Taylor Greene, MAGA, , disavow Loomer, “ Laura’s, she’s, ” Trump, I’m, Laura Organizations: CNN, Fox News, Daily, America, Fox, Trump, White, Media, MSNBC, Republican, Washington, GOP, Republicans, DNC Locations: Trump, Philadelphia
In this article VOD-GB Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBritain's competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison. The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for tens of millions of customers or see some users get reduced services. The regulator also warned of a negative impact for so-called Mobile Virtual Network Operators (MVNOs), which piggyback on existing infrastructure. The regulator said Friday the merger would result in higher prices or reduced services, and could "negatively affect those customers least able to afford mobile services." Vodafone said in a separate statement Friday that it disagrees with the findings that the merger would lead to price increases for consumers.
Persons: CK Hutchison, Ahmed Essam, CNBC's, Essam Organizations: Vodafone, CK, The, Competition, Markets Authority, Mobile, Network, CMA, CK Hutchison, MVNOs
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