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Showing posts with label price. Show all posts
Showing posts with label price. Show all posts

Monday, November 19, 2012

Fuel price demos erupt in Jordan

14 November 2012 Last updated at 00:31 GMT Jordanian policemen stand guard during a demonstration in Amman following an announcement that Jordan would raise fuel prices Jordanian authorities have increased security measures across the country Protests have been held in several Jordanian cities against increases in fuel price, following the lifting of government subsidies.

About 2,000 demonstrators gathered in the centre of the capital Amman, with many chanting anti-government slogans.

Ministers say the decision was necessary to tackle a budget deficit of 3.5bn dinars ($5bn; £3.1bn).

Last month Jordan saw its biggest opposition protest for several years calling for electoral reform.

Household cooking gas will go up by just over 50%, diesel and kerosene by 33% and lower-grade gasoline by 15%.

Queues at petrol stations were reported in Amman as people tried to stock up on petrol before the price rises took effect at midnight on Tuesday.

Protesters condemned the decision, calling for the resignation of Prime Minister Abdullah Ensour, and with some openly criticising King Abdullah, a taboo punishable by prison.

"Freedom is from God, in spite of you, Abdullah," was one chant heard in Amman, according to the Associated Press.

Other cities where protests were reported included Salt, Irbid and Maan.

'Precarious situation'

Mr Ensour told state TV that the price rises would be offset by government payments to low-income families.

"The financial situation in the country has been greatly affected by the Arab Spring. The economic situation is very precarious," Mr Ensour said.

Jordan is normally a heavy importer of Egyptian natural gas, but over the past year the pipeline which supplies gas to both Israel and Jordan has been attacked several times, forcing the country to use more expensive supplies.

Last month about 10,000 people took part in a protest in Amman called by the Muslim Brotherhood's political wing, the Islamic Action Front, demanding broader political representation and a more democratic parliament.

King Abdullah has called early elections on 23 January. The opposition has threatened to boycott the poll.

Jordan has so far avoided the unrest and political upheaval that rocked much of the Arab world last year and led to changes of leadership in Egypt, Libya, Yemen and Tunisia.

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Wednesday, November 7, 2012

Exclusive: Amazon to win out over Apple in e-book price tussle

A customer looks over the iPad mini after the device went on sale at Apple's retail store in Palo Alto, California November 2, 2012. REUTERS/Robert Galbraith

A customer looks over the iPad mini after the device went on sale at Apple's retail store in Palo Alto, California November 2, 2012.

Credit: Reuters/Robert Galbraith

By Foo Yun Chee

BRUSSELS | Tue Nov 6, 2012 10:32am EST

BRUSSELS (Reuters) - European Union regulators are to accept an offer by Apple and four publishers to end an antitrust probe into their e-book prices, two sources said, handing Amazon victory in a bid to sell online books cheaper than its rivals, sources said.

The case underscores the battle between retailers and publishers over pricing control of e-books, which publishers hope will boost revenue and increase customers.

Apple and the publishers have offered to let retailers set their own prices or discounts for a period of two years, and also to suspend "most-favored nation" contracts for five years, the sources said.

Such clauses bar publishers from making deals with rival retailers to sell e-books more cheaply than Apple.

Apple, Simon & Schuster, News Corp. unit HarperCollins, Lagardere SCA's Hachette Livre and Verlagsgruppe Georg von Holtzbrinck, the owner of German company Macmillan, made the proposal in September.

The EU antitrust authority was investigating the companies' e-book pricing, which critics say prevents Amazon and other retailers from undercutting Apple's charges.

Pearson Plc's Penguin group, which is also under investigation, did not take part in the offer.

The European Commission, which in September asked for feedback from rivals and consumers about the proposal, has not asked for more concessions, said one of sources.

"The Commission is likely to accept the offer and announce its decision next month," the person said on Tuesday.

Antoine Colombani, spokesman for competition policy at the executive European Commission, declined to comment.

(Editing by Luke Baker and Rex Merrifield)


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