Business, markets and economy news from Malaysia.
A class action lawsuit filed in California federal court accuses BP, Marathon Petroleum, 7-Eleven, Circle K, Walmart and Albertsons of using artificial intelligence to artificially inflate petrol prices, with allegations they violated state antitrust laws.
Singapore shipping magnate Teo Siong Seng and other container industry executives face civil lawsuits in California for allegedly orchestrating a global price-fixing cartel that artificially inflated shipping container costs between 2019 and 2021.
Japan's Fair Trade Commission has raided six leading ice cream manufacturers on suspicion of price-fixing, with officials accused of coordinating annual price hikes through emails and meetings since 2022.