EU fines chipmaker Qualcomm for predatory pricing

BRUSSELS — The European Union has fined U.S. chipmaker Qualcomm $271 million, accusing it of “predatory pricing.”EU Antitrust Commissioner Margrethe Vestager said Thursday the U.S. company was abusing its market dominance in 3G baseband chipsets and said it sold below cost to force out a competitor.Vestager said the market was too important to tolerate such abuse. She said “baseband chipsets are key components so mobile devices can connect to the internet. Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor.”She said the competitor was Icera.Qualcomm could not immediately be reached for comment.The Associated Press read more

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Ban notes generally peaceful elections in Madagascar

In a statement issued by a UN spokesperson in New York, Mr. Ban expressed his appreciation for the efforts of the Malagasy Government and important stakeholders to restore constitutional order.“The Secretary-General expresses the hope that polling will be followed by the orderly counting and tallying of results,” the statement says, adding that the UN chief calls on the people and authorities of Madagascar to continue to maintain a peaceful environment and for all to accept the results and to address any complaints through established channels.Applauding the support provided by Madagascar’s partners both within the region and in the wider international community, the statement says that the UN has provided technical assistance to the Transitional Independent National Electoral Commission in preparing the elections, and has coordinated international technical and financial assistance. read more

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